Easterly Government Properties (NYSE:DEA) Issues FY22 Earnings Guidance

Easterly Government Properties (NYSE:DEA – Get Rating) updated its FY22 earnings guidance on Tuesday. The company provided EPS guidance of $1.34-1.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Easterly Government Properties from a sell rating to a hold rating in a research note on Wednesday, April 27th. StockNews.com assumed coverage on shares of Easterly Government Properties in a research report on Thursday, March 31st. They set a hold rating on the stock. BMO Capital Markets downgraded shares of Easterly Government Properties from an outperform rating to a market perform rating and set a $24.00 price objective for the company. in a research report on Friday, January 7th. Raymond James lowered shares of Easterly Government Properties from an outperform rating to a market perform rating in a research note on Monday, January 10th. Finally, Jefferies Financial Group cut Easterly Government Properties from a buy rating to a hold rating and set a $25.00 price target for the company. in a report on Monday, January 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $25.10.

DEA stock opened at $18.53 on Tuesday. Easterly Government Properties has a 12-month low of $18.36 and a 12-month high of $23.65. The business’s 50-day moving average is $20.64 and its 200 day moving average is $21.26. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 52.94 and a beta of 0.51.

Easterly Government Properties (NYSE:DEA – Get Rating) last released its earnings results on Sunday, February 27th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Easterly Government Properties had a net margin of 10.94% and a return on equity of 2.20%. The firm had revenue of $71.60 million during the quarter, compared to analysts’ expectations of $72.11 million. During the same quarter last year, the business earned $0.32 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Easterly Government Properties will post 1.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.06 annualized dividend and a yield of 5.72%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 302.86%.

In related news, Chairman Darrell W. Crate sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $20.81, for a total transaction of $208,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Trimble sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $21.40, for a total transaction of $149,800.00. The disclosure for this sale can be found here. Insiders sold 43,594 shares of company stock valued at $919,174 over the last quarter. Company insiders own 8.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley grew its position in shares of Easterly Government Properties by 47.8% in the 2nd quarter. Morgan Stanley now owns 439,161 shares of the real estate investment trust’s stock valued at $9,256,000 after buying an additional 142,010 shares during the last quarter. LPL Financial LLC grew its position in shares of Easterly Government Properties by 3.8% in the 3rd quarter. LPL Financial LLC now owns 51,805 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 1,883 shares during the last quarter. UBS Group AG grew its position in shares of Easterly Government Properties by 57.3% in the 3rd quarter. UBS Group AG now owns 78,820 shares of the real estate investment trust’s stock valued at $1,628,000 after buying an additional 28,726 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Easterly Government Properties by 54.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 420,708 shares of the real estate investment trust’s stock valued at $9,643,000 after acquiring an additional 148,138 shares during the period. Finally, Credit Suisse AG increased its holdings in shares of Easterly Government Properties by 23.9% in the 4th quarter. Credit Suisse AG now owns 157,417 shares of the real estate investment trust’s stock valued at $3,608,000 after acquiring an additional 30,409 shares during the period. 84.55% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Company Profile (Get Rating)

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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