Easterly Government Properties Inc (DEA) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.30. The company posted revenue of $23.90 million in the period, compared to analysts expectations of $22.82 million. The company’s revenue was up 29.2% compared to the same quarter last year.
Many Wall Street Analysts have commented on Easterly Government Properties Inc. RBC Capital Mkts Downgraded Easterly Government Properties Inc on Mar 4, 2016 to ” Sector Perform”, Price Target of the shares are set at $18.
Easterly Government Properties Inc opened for trading at $18.6 and hit $18.85 on the upside on Friday, eventually ending the session at $18.83, with a gain of 0.97% or 0.18 points. The heightened volatility saw the trading volume jump to 18,305 shares. Company has a market cap of $455 M.
In a different news, on Mar 10, 2016, Darrell W Crate (Chairman) purchased 10,000 shares at $17.32 per share price. According to the SEC, on Aug 26, 2015, Michael P. Ibe (EVP – Dev. and Acquisitions) purchased 10,000 shares at $15.53 per share price. On Aug 11, 2015, William C. Trimble (CEO) purchased 75,000 shares at $15.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Easterly Government Properties Inc. is a real estate investment trust (REIT). The Company is focused primarily on the acquisition development and management of Class A commercial properties that are leased to the United States Government agencies. The Company wholly owns approximately 29 properties in the United States including 26 properties that are leased primarily to the United States Government tenant agencies and three properties that are entirely leased to private tenants encompassing approximately 2.1 million square feet in the aggregate. It focuses on acquiring developing and managing the United States General Services Administration (GSA)-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the United States Government working closely with the GSA to meet the needs and objectives of the tenant agency.