Easterly Government Properties (NYSE:DEA) Updates FY19 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.16-1.20 for the period, compared to the Thomson Reuters consensus estimate of $1.19.

Several brokerages have issued reports on DEA. Zacks Investment Research downgraded shares of Easterly Government Properties from a buy rating to a sell rating in a research report on Monday, May 13th. Citigroup lowered their price objective on shares of Easterly Government Properties from $20.00 to $19.00 and set a neutral rating for the company in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $21.00.

DEA stock opened at $18.21 on Friday. Easterly Government Properties has a twelve month low of $15.16 and a twelve month high of $20.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $1.26 billion, a PE ratio of 15.56, a P/E/G ratio of 6.49 and a beta of 0.77.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.32). Easterly Government Properties had a return on equity of 0.35% and a net margin of 2.15%. The company had revenue of $50.60 million for the quarter, compared to analyst estimates of $49.73 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts anticipate that Easterly Government Properties will post 1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Friday, June 7th. Easterly Government Properties’s payout ratio is currently 88.89%.

In other Easterly Government Properties news, CAO Alison M. Bernard sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total value of $360,600.00. Following the sale, the chief accounting officer now directly owns 20,501 shares in the company, valued at $369,633.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $17.80, for a total value of $160,200.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at $1,935,340.60. The disclosure for this sale can be found here. Insiders have sold 62,375 shares of company stock valued at $1,123,036 in the last three months. Corporate insiders own 12.10% of the company’s stock.

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

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