Jefferies Group Comments on Easterly Government Properties Inc’s FY2018 Earnings (DEA)
Easterly Government Properties Inc (NYSE:DEA) – Research analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Easterly Government Properties in a research report issued on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $1.34 per share for the year, down from their previous estimate of $1.35. Jefferies Group has a “Buy” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.44 EPS.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). Easterly Government Properties had a net margin of 3.12% and a return on equity of 0.54%.
Shares of Easterly Government Properties (NYSE DEA) traded up $0.19 during mid-day trading on Thursday, reaching $20.50. The company’s stock had a trading volume of 669,708 shares, compared to its average volume of 416,539. 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 stock has a market cap of $909.50, a price-to-earnings ratio of 205.00 and a beta of 0.57. Easterly Government Properties has a 12 month low of $19.08 and a 12 month high of $22.32.
Institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its holdings in Easterly Government Properties by 83.1% in the 2nd quarter. GSA Capital Partners LLP now owns 19,691 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 8,937 shares during the period. New York State Common Retirement Fund raised its holdings in Easterly Government Properties by 17.7% in the 2nd quarter. New York State Common Retirement Fund now owns 39,800 shares of the real estate investment trust’s stock valued at $834,000 after buying an additional 5,999 shares during the period. Bank of New York Mellon Corp raised its holdings in Easterly Government Properties by 9.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 319,170 shares of the real estate investment trust’s stock valued at $6,598,000 after buying an additional 28,305 shares during the period. Asset Management One Co. Ltd. raised its holdings in Easterly Government Properties by 36.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 121,045 shares of the real estate investment trust’s stock valued at $2,501,000 after buying an additional 32,164 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in Easterly Government Properties in the 3rd quarter valued at about $355,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Tuesday, December 5th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. Easterly Government Properties’s payout ratio is currently 1,040.00%.
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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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