Easterly Government Properties (NYSE:DEA) Posts Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Easterly Government Properties (NYSE:DEA) issued its earnings results on Tuesday. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.24), Zacks reports. The firm had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.49% and a return on equity of 1.36%. Easterly Government Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share.

Easterly Government Properties Trading Down 0.1 %

DEA traded down $0.01 during trading on Thursday, reaching $13.55. 83,889 shares of the company’s stock were exchanged, compared to its average volume of 872,928. Easterly Government Properties has a one year low of $10.62 and a one year high of $14.52. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.40 billion, a PE ratio of 71.58 and a beta of 0.72. The firm has a fifty day moving average price of $13.57 and a two-hundred day moving average price of $12.93.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.92%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DEA. Truist Financial lifted their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a report on Monday, October 14th. Finally, StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

Easterly Government Properties Company Profile

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.