Easterly Government Properties (NYSE:DEA) Announces Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Easterly Government Properties (NYSE:DEA) posted its earnings results on Thursday. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.21), Fidelity Earnings reports. The business had revenue of $52.75 million during the quarter, compared to analysts’ expectations of $52.29 million. Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Easterly Government Properties updated its FY 2019 guidance to $1.18-1.20 EPS and its FY19 guidance to $1.18-1.20 EPS.

NYSE:DEA traded up $0.03 during trading hours on Friday, hitting $19.22. The company’s stock had a trading volume of 675,444 shares, compared to its average volume of 667,551. The company has a market capitalization of $1.31 billion, a PE ratio of 16.43, a P/E/G ratio of 6.72 and a beta of 0.64. The company has a fifty day simple moving average of $18.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.32. Easterly Government Properties has a 52-week low of $15.16 and a 52-week high of $20.56.

Separately, Zacks Investment Research lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.00.

In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $18.29, for a total transaction of $164,610.00. Following the transaction, the chief executive officer now owns 108,727 shares of the company’s stock, valued at $1,988,616.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $18.62, for a total value of $151,287.50. Following the transaction, the chairman now directly owns 64,154 shares in the company, valued at approximately $1,194,547.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,875 shares of company stock worth $860,930. Corporate insiders own 12.10% of the company’s stock.

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.

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Earnings History for Easterly Government Properties (NYSE:DEA)

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