Easterly Government Properties (NYSE:DEA) Issues FY21 Earnings Guidance


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Easterly Government Properties (NYSE:DEA) updated its FY21 earnings guidance on Tuesday. The company provided EPS guidance of $1.28-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30. Easterly Government Properties also updated its FY 2021 guidance to 1.280-1.300 EPS.

NYSE DEA traded down $0.01 on Tuesday, hitting $21.39. 569,167 shares of the stock traded hands, compared to its average volume of 671,308. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 152.79 and a beta of 0.45. The business’s fifty day moving average is $21.25 and its two-hundred day moving average is $21.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.25 and a current ratio of 1.25. Easterly Government Properties has a 12 month low of $20.32 and a 12 month high of $26.88.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Wednesday, February 24th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.28). Easterly Government Properties had a return on equity of 0.89% and a net margin of 4.60%. Analysts expect that Easterly Government Properties will post 1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 26th. Investors of record on Friday, May 14th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Thursday, May 13th. Easterly Government Properties’s payout ratio is currently 86.67%.

DEA has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Easterly Government Properties from a hold rating to a buy rating and set a $24.00 price objective for the company in a research note on Thursday, April 29th. Raymond James lifted their price target on Easterly Government Properties from $24.00 to $25.00 and gave the company an outperform rating in a research report on Wednesday, March 3rd. Finally, Citigroup initiated coverage on Easterly Government Properties in a report on Monday. They set a buy rating and a $26.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Easterly Government Properties currently has a consensus rating of Buy and a consensus target price of $25.38.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the transaction, the chairman now owns 7,428 shares of the company’s stock, valued at approximately $155,468.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Darrell W. Crate sold 5,000 shares of the stock in a transaction on Monday, April 26th. The stock was sold at an average price of $21.62, for a total transaction of $108,100.00. Following the completion of the transaction, the chairman now directly owns 7,428 shares in the company, valued at approximately $160,593.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,000 shares of company stock valued at $1,303,430. 9.90% of the stock is owned by company insiders.

About Easterly Government Properties

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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