Easterly Government Properties Inc (DEA) Updates FY17 Earnings Guidance

Easterly Government Properties Inc (NYSE:DEA) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.25-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27.

Several research analysts have commented on the company. Zacks Investment Research raised Easterly Government Properties from a sell rating to a hold rating in a research report on Tuesday, March 7th. Jefferies Group LLC lifted their price target on Easterly Government Properties from $23.00 to $24.00 and gave the stock a buy rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $21.30.

Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.28. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. The business had revenue of $29.89 million for the quarter, compared to the consensus estimate of $28.14 million. During the same period in the previous year, the firm earned $0.30 EPS. The company’s revenue was up 24.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.25 per share. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 5.03%. Easterly Government Properties’s payout ratio is presently 1,371.43%.

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A number of large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Easterly Government Properties by 2.7% in the first quarter. State Street Corp now owns 856,059 shares of the real estate investment trust’s stock worth $16,942,000 after buying an additional 22,198 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Easterly Government Properties by 97.5% in the first quarter. Dimensional Fund Advisors LP now owns 325,072 shares of the real estate investment trust’s stock worth $6,433,000 after buying an additional 160,498 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Easterly Government Properties by 4.2% in the first quarter. Geode Capital Management LLC now owns 248,282 shares of the real estate investment trust’s stock worth $4,913,000 after buying an additional 10,031 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Easterly Government Properties by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 214,466 shares of the real estate investment trust’s stock worth $4,245,000 after buying an additional 9,248 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Easterly Government Properties by 1.8% in the first quarter. Teachers Advisors LLC now owns 71,107 shares of the real estate investment trust’s stock worth $1,407,000 after buying an additional 1,261 shares during the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.

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).

12 Month Chart for NYSE:DEA

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