Equities research analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will announce earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Easterly Government Properties’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. Easterly Government Properties posted earnings per share of $0.31 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The company is scheduled to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.34. For the next financial year, analysts forecast that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Easterly Government Properties.
DEA has been the topic of several recent research reports. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, January 10th. SunTrust Banks set a $24.00 price objective on Easterly Government Properties and gave the stock a “buy” rating in a report on Sunday, December 17th.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Monday, March 12th. Easterly Government Properties’s payout ratio is presently 1,040.10%.
Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Easterly Government Properties by 6.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 57,111 shares of the real estate investment trust’s stock worth $1,219,000 after purchasing an additional 3,378 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Easterly Government Properties during the 4th quarter worth approximately $421,000. Municipal Employees Retirement System of Michigan acquired a new stake in Easterly Government Properties in the 4th quarter valued at $354,000. Westwood Holdings Group Inc. boosted its stake in Easterly Government Properties by 3.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock valued at $26,524,000 after buying an additional 37,510 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Easterly Government Properties by 9.9% in the 4th quarter. Macquarie Group Ltd. now owns 185,285 shares of the real estate investment trust’s stock valued at $3,878,000 after buying an additional 16,700 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.
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Easterly Government Properties Company Profile
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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