Easterly Government Properties (NYSE:DEA) Posts Quarterly Earnings Results, Hits Expectations

Easterly Government Properties (NYSE:DEA - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73, Zacks reports. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $78.68 million for the quarter, compared to analysts' expectations of $80.67 million. During the same quarter last year, the business posted $0.29 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year.

Easterly Government Properties Stock Up 0.5 %

DEA traded up $0.09 on Thursday, hitting $20.26. The company had a trading volume of 279,506 shares, compared to its average volume of 650,106. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 112.58 and a beta of 0.87. The stock has a fifty day moving average price of $24.59 and a 200-day moving average price of $28.16. Easterly Government Properties has a 12-month low of $19.33 and a 12-month high of $36.31.

Easterly Government Properties Cuts Dividend

The company also recently declared a dividend, which will be paid on Saturday, May 17th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.45 per share. This represents a dividend yield of 8.92%. The ex-dividend date of this dividend is Monday, May 5th. Easterly Government Properties's payout ratio is 378.95%.

Analyst Ratings Changes

DEA has been the subject of several research analyst reports. Compass Point restated a "neutral" rating and set a $23.75 target price (down from $37.50) on shares of Easterly Government Properties in a research report on Thursday, April 10th. Jefferies Financial Group assumed coverage on Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.50 target price for the company. Royal Bank of Canada decreased their price target on Easterly Government Properties from $30.00 to $27.50 and set an "underperform" rating on the stock in a report on Monday, March 10th. Finally, StockNews.com lowered shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.06.

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.