Easterly Government Properties (DEA) Expected to Announce Earnings on Tuesday

Easterly Government Properties (NYSE:DEA - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $79.49 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Easterly Government Properties Stock Up 1.0 %

NYSE:DEA traded up $0.11 during trading hours on Friday, reaching $10.80. 1,730,094 shares of the stock were exchanged, compared to its average volume of 1,218,814. Easterly Government Properties has a twelve month low of $10.45 and a twelve month high of $14.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a 50 day moving average of $11.19 and a 200 day moving average of $12.49. The stock has a market cap of $1.14 billion, a PE ratio of 59.97 and a beta of 0.70.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties's dividend payout ratio (DPR) is currently 588.89%.

Insider Transactions at Easterly Government Properties

In related news, CEO Darrell W. Crate acquired 10,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DEA. Truist Financial reduced their price target on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, December 6th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price target on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd.

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.