Easterly Government Properties (NYSE:DEA) Announces Quarterly Earnings Results

Easterly Government Properties (NYSE:DEA) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.72, Briefing.com reports. Easterly Government Properties had a return on equity of 0.82% and a net margin of 3.22%.During the same quarter in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year.

Easterly Government Properties Price Performance

Shares of DEA opened at $24.33 on Monday. The business’s 50-day moving average is $24.47 and its 200-day moving average is $23.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 101.36 and a beta of 0.97. Easterly Government Properties has a fifty-two week low of $20.56 and a fifty-two week high of $25.96.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be issued a $0.45 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.4%. Easterly Government Properties’s dividend payout ratio is currently 750.00%.

Wall Street Analyst Weigh In

DEA has been the topic of several analyst reports. Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties currently has an average rating of “Hold” and an average price target of $23.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 772 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,015 shares during the period. Colonial Trust Co SC purchased a new position in shares of Easterly Government Properties during the 4th quarter valued at $34,000. US Bancorp DE grew its holdings in shares of Easterly Government Properties by 237.9% during the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Easterly Government Properties during the 3rd quarter valued at $69,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.