Easterly Government Properties (NYSE:DEA) Issues Earnings Results

Easterly Government Properties (NYSE:DEA) issued its earnings results on Monday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, FiscalAI reports. The firm had revenue of $93.61 million for the quarter, compared to analysts’ expectations of $91.72 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.

Easterly Government Properties Stock Down 0.1%

Shares of Easterly Government Properties stock opened at $22.64 on Monday. The business’s 50 day simple moving average is $23.50 and its 200 day simple moving average is $23.87. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96. The firm has a market cap of $1.07 billion, a PE ratio of 107.81 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.88 and a current ratio of 3.88.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, November 5th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 857.14%.

Analyst Ratings Changes

A number of analysts have recently commented on DEA shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Easterly Government Properties in a research note on Thursday, August 13th. Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Easterly Government Properties in a research note on Monday, August 24th. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.80.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.