Easterly Government Properties (DEA) to Release Earnings on Tuesday

Easterly Government Properties (NYSE:DEAGet Rating) will post its quarterly earnings results before the market opens on Tuesday, August 2nd. Analysts expect Easterly Government Properties to post earnings of $0.34 per share for the quarter. Easterly Government Properties has set its FY22 guidance at $1.34-1.36 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Easterly Government Properties (NYSE:DEAGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). The business had revenue of $72.30 million for the quarter, compared to the consensus estimate of $74.73 million. Easterly Government Properties had a return on equity of 2.18% and a net margin of 10.78%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, analysts expect Easterly Government Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Easterly Government Properties Trading Up 1.8 %

DEA opened at $19.85 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 56.72 and a beta of 0.50. The firm has a 50 day simple moving average of $19.27 and a 200 day simple moving average of $20.15. Easterly Government Properties has a fifty-two week low of $18.01 and a fifty-two week high of $23.65.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 13th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend was Thursday, May 12th. Easterly Government Properties’s dividend payout ratio (DPR) is 302.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Easterly Government Properties in the first quarter valued at approximately $39,000. Dynamic Technology Lab Private Ltd acquired a new position in Easterly Government Properties during the first quarter worth $228,000. Penserra Capital Management LLC boosted its holdings in Easterly Government Properties by 29.0% during the first quarter. Penserra Capital Management LLC now owns 13,605 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 3,060 shares during the last quarter. Stevens Capital Management LP acquired a new position in Easterly Government Properties during the first quarter worth $310,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Easterly Government Properties during the first quarter worth $321,000. Institutional investors and hedge funds own 84.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. StockNews.com began coverage on shares of Easterly Government Properties in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial lowered their target price on shares of Easterly Government Properties from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Finally, Royal Bank of Canada lowered their target price on shares of Easterly Government Properties from $24.00 to $21.00 in a research note on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Easterly Government Properties currently has a consensus rating of “Hold” and an average price target of $22.10.

About Easterly Government Properties

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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 for Easterly Government Properties (NYSE:DEA)

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