Equities analysts expect that Easterly Government Properties Inc (NYSE:DEA) will report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings. Easterly Government Properties reported earnings of $0.31 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Easterly Government Properties will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.27. For the next year, analysts expect that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.32 to $1.34. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.30). Easterly Government Properties had a net margin of 3.12% and a return on equity of 0.54%.
DEA has been the subject of several recent research reports. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, November 27th. SunTrust Banks set a $24.00 price objective on Easterly Government Properties and gave the company a “buy” rating in a report on Sunday, December 17th. Finally, Jefferies Group restated a “buy” rating and issued a $24.00 price objective on shares of Easterly Government Properties in a report on Tuesday, October 10th.
Shares of Easterly Government Properties (NYSE DEA) opened at $20.50 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $899.41, a PE ratio of 205.00 and a beta of 0.57. Easterly Government Properties has a fifty-two week low of $19.08 and a fifty-two week high of $22.32.
Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 619 shares in the last quarter. Royal Bank of Canada raised its holdings in Easterly Government Properties by 1.5% in the second quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 630 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Easterly Government Properties by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 974 shares in the last quarter. Advisor Group Inc. raised its holdings in Easterly Government Properties by 30.8% in the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Suntrust Banks Inc. raised its holdings in Easterly Government Properties by 9.6% in the second quarter. Suntrust Banks Inc. now owns 15,317 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,347 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.
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About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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