Easterly Government Properties (DEA) to Release Earnings on Tuesday

Easterly Government Properties (NYSE:DEA) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Easterly Government Properties to post earnings of $0.07 per share and revenue of $79.49 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Easterly Government Properties Stock Up 1.0 %

DEA opened at $10.80 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 59.97 and a beta of 0.70. The business’s 50-day moving average price is $11.19 and its 200-day moving average price is $12.49. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 12 month low of $10.45 and a 12 month high of $14.52.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.265 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a yield of 9.82%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Insider Buying and Selling

In related news, CEO Darrell W. Crate acquired 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on DEA. Jefferies Financial Group cut their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Truist Financial decreased their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

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.