Easterly Government Properties Inc (NYSE:DEA) – Research analysts at Jefferies Financial Group issued their Q3 2018 earnings per share (EPS) estimates for shares of Easterly Government Properties in a note issued to investors on Wednesday, August 8th. Jefferies Financial Group analyst J. Petersen forecasts that the real estate investment trust will post earnings per share of $0.28 for the quarter. Jefferies Financial Group also issued estimates for Easterly Government Properties’ Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.18 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.23 EPS, Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.33 EPS and FY2020 earnings at $1.33 EPS.
Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Easterly Government Properties presently has an average rating of “Hold” and a consensus price target of $23.33.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.28). The firm had revenue of $36.97 million for the quarter, compared to analyst estimates of $37.04 million. Easterly Government Properties had a net margin of 3.51% and a return on equity of 0.59%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 12th. This represents a $1.04 dividend on an annualized basis and a yield of 5.30%. Easterly Government Properties’s payout ratio is currently 82.54%.
In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $20.00, for a total value of $162,500.00. Following the transaction, the chairman now owns 53,125 shares of the company’s stock, valued at $1,062,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Darrell W. Crate sold 160,000 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $19.97, for a total transaction of $3,195,200.00. Following the completion of the transaction, the chairman now directly owns 205,000 shares in the company, valued at approximately $4,093,850. The disclosure for this sale can be found here. Insiders sold 177,125 shares of company stock worth $3,535,450 in the last ninety days. 14.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC acquired a new position in Easterly Government Properties in the first quarter valued at about $102,000. Stratos Wealth Partners LTD. increased its stake in Easterly Government Properties by 2,500.0% during the first quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 6,250 shares during the period. Meadow Creek Investment Management LLC purchased a new stake in Easterly Government Properties during the first quarter worth about $139,000. US Bancorp DE increased its stake in Easterly Government Properties by 41.0% during the first quarter. US Bancorp DE now owns 10,003 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 2,910 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Easterly Government Properties by 191.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,265 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 7,400 shares during the period. 98.86% of the stock is currently owned by institutional investors.
Easterly Government Properties Company Profile
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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