Easterly Government Properties Inc (NYSE:DEA) – Equities research analysts at Jefferies Financial Group increased their Q3 2019 earnings per share (EPS) estimates for shares of Easterly Government Properties in a report issued on Monday, July 15th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.30 per share for the quarter, up from their previous forecast of $0.29. Jefferies Financial Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.20 EPS.
DEA has been the topic of a number of other research reports. Citigroup lifted their price target on shares of PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.00.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.32). The company had revenue of $50.60 million during the quarter, compared to analysts’ expectations of $49.73 million. Easterly Government Properties had a return on equity of 0.35% and a net margin of 2.15%. Easterly Government Properties’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 10th were given a dividend of $0.26 per share. The ex-dividend date was Friday, June 7th. This represents a $1.04 annualized dividend and a dividend yield of 5.61%. Easterly Government Properties’s payout ratio is currently 88.89%.
In other news, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $18.62, for a total transaction of $151,287.50. Following the sale, the chairman now owns 64,154 shares in the company, valued at approximately $1,194,547.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $18.12, for a total value of $163,080.00. Following the sale, the chief executive officer now owns 108,727 shares in the company, valued at approximately $1,970,133.24. The disclosure for this sale can be found here. Insiders sold a total of 55,875 shares of company stock valued at $1,014,748 over the last quarter. 12.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DEA. Advisory Services Network LLC grew its holdings in shares of Easterly Government Properties by 183.6% during the 1st quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Easterly Government Properties during the fourth quarter worth about $47,000. Huntington National Bank bought a new stake in Easterly Government Properties in the first quarter worth approximately $51,000. Private Capital Group LLC increased its holdings in Easterly Government Properties by 67.3% in the first quarter. Private Capital Group LLC now owns 3,143 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Barnett & Company Inc. increased its holdings in Easterly Government Properties by 62.5% in the fourth quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 2,000 shares in the last quarter. 92.96% of the stock is currently owned by hedge funds and other institutional investors.
About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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