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

Easterly Government Properties (NYSE:DEA) posted its quarterly 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. Easterly Government Properties had a return on equity of 1.36% and a net margin of 6.49%. The firm had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was up 3.8% on a year-over-year basis.

Easterly Government Properties Stock Performance

Shares of DEA traded down $0.04 during mid-day trading on Thursday, reaching $13.53. 1,458,128 shares of the company’s stock were exchanged, compared to its average volume of 879,290. The business’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $12.93. The stock has a market capitalization of $1.39 billion, a PE ratio of 71.58 and a beta of 0.72. Easterly Government Properties has a 52-week low of $10.62 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 557.92%.

Analyst Ratings Changes

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

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.