Easterly Government Properties (NYSE:DEA) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Easterly Government Properties (NYSE:DEA) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04, FiscalAI reports. The firm had revenue of $93.61 million for the quarter, compared to analyst estimates of $91.72 million. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%.

Easterly Government Properties Stock Performance

NYSE:DEA opened at $22.64 on Monday. Easterly Government Properties has a 1 year low of $20.56 and a 1 year high of $25.96. The firm’s fifty day simple moving average is $23.50 and its 200 day simple moving average is $23.87. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $1.07 billion, a PE ratio of 107.81 and a beta of 0.99.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, November 5th. Easterly Government Properties’s dividend payout ratio is currently 857.14%.

Wall Street Analysts Forecast Growth

DEA has been the topic of several analyst reports. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a report on Monday, August 24th. Truist Financial lifted their price objective on shares of Easterly Government Properties from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $27.00 price objective (up from $25.00) on shares of Easterly Government Properties in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.80.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.