Easterly Government Properties (NYSE:DEA) Releases FY 2019 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.18-1.20 for the period. Easterly Government Properties also updated its FY19 guidance to $1.18-1.20 EPS.

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

Easterly Government Properties stock traded up $0.03 during mid-day trading on Friday, reaching $19.22. 675,444 shares of the company’s stock were exchanged, compared to its average volume of 667,551. The business has a fifty day simple moving average of $18.50. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 6.72 and a beta of 0.64. Easterly Government Properties has a one year low of $15.16 and a one year high of $20.56. 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 (NYSE:DEA) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The business had revenue of $52.75 million for the quarter, compared to the consensus estimate of $52.29 million. Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. The business’s revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. As a group, equities research analysts anticipate that Easterly Government Properties will post 1.19 earnings per share for the current year.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $18.62, for a total value of $151,287.50. Following the sale, the chairman now directly owns 64,154 shares in the company, valued at $1,194,547.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald E. Kendall sold 4,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $18.63, for a total value of $83,835.00. Following the completion of the sale, the executive vice president now owns 11,568 shares in the company, valued at $215,511.84. The disclosure for this sale can be found here. Insiders have sold 46,875 shares of company stock worth $860,930 over the last quarter. 12.10% of the stock is currently owned by corporate insiders.

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.

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Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

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