Prediction: These 2 Boring Stocks Will Outperform Nvidia Through 2025
Nvidia and other megacap tech stocks have performed tremendously well. However, the expected falling-rate environment could be a big catalyst for real estate investment trusts, or REITs.
Easterly Government Properties: I'm Buying The Drop On This 8% Yield
Treasury Bonds have seen increased interest due to rising yields backed by the U.S. government's credit. With potential rate cuts looming, bond yields have fallen, posing reinvestment risks for investors with maturing bonds. Easterly Government Properties leases to the U.S. government. It carries a far higher yield than Treasury Bonds and has strong fundamentals.
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 7% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Easterly Government Properties, Inc. (DEA) Q2 2024 Earnings Call Transcript
Easterly Government Properties, Inc. (NYSE:DEA ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Lindsay Winterhalter - SVP, IR & Operations Darrell Crate - CEO & Director Meghan Baivier - President & COO Allison Marino - CFO, EVP & Chief Accounting Officer Conference Call Participants Michael Griffin - Citi Michael Carroll - RBC Operator Welcome to the Easterly Government Properties Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen only mode.
Easterly Government Properties (DEA) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Easterly Government Properties (DEA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Easterly Government Properties (DEA) Q2 FFO Match Estimates
Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.
Easterly Government Properties (DEA) Just Flashed Golden Cross Signal: Do You Buy?
After reaching an important support level, Easterly Government Properties, Inc. (DEA) could be a good stock pick from a technical perspective. DEA recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Easterly Government Properties: Will Lower Interest Rates And A New CEO Help This REIT Get Back To Growth?
Easterly Government Properties expects to achieve 2% FFO growth for 2024 and beyond, despite challenges in the economic environment. DEA is a REIT focused on acquiring and developing properties for the U.S. government, with a portfolio of 93 properties across 26 states. The company has potential for future growth through property acquisitions and has a solid balance sheet with manageable debt maturities.
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Trulieve reported a 4% increase in total revenue to $298 million for Q1 2024 and a significant rise in gross margin to 58%. The Florida Supreme Court approved a ballot measure for the November 2024 election to legalize recreational cannabis, potentially increasing Trulieve's annual revenue by $600 million if passed. The DEA's announcement to reschedule cannabis to Schedule III could remove the burdensome 280E tax, significantly impacting Trulieve's financial position and its ongoing tax dispute with the IRS.
Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Amalgamated Bank
Amalgamated Bank lowered its holdings in Easterly Government Properties, Inc. (NYSE:DEA – Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,320 shares of the real estate investment trust’s stock after selling 951 shares during the period. Amalgamated Bank’s holdings in Easterly Government Properties were worth $475,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Easterly Government Properties by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,803,114 shares of the real estate investment trust’s stock valued at $123,480,000 after purchasing an additional 89,916 shares during the period. Victory Capital Management Inc. grew its position in shares of Easterly Government Properties by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,624,086 shares of the real estate investment trust’s stock worth $21,828,000 after acquiring an additional 48,977 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Easterly Government Properties by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,512,118 shares of the real estate investment trust’s stock worth $17,284,000 after acquiring an additional 54,521 shares during the period. Abacus Planning Group Inc. acquired a new stake in shares of Easterly Government Properties in the 4th quarter worth about $6,555,000. Finally, Eagle Asset Management Inc. lifted its position in Easterly Government Properties by 0.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 366,417 shares of the real estate investment trust’s stock valued at $4,188,000 after purchasing an additional 1,367 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Separately, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Get Our Latest Report on DEA Easterly Government Properties Stock Performance NYSE:DEA opened at $12.17 on Monday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 60.85 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.31 and a current ratio of 4.31. Easterly Government Properties, Inc. has a 1 year low of $10.27 and a 1 year high of $15.21. The business has a fifty day moving average of $11.60 and a 200-day moving average of $12.10. Easterly Government Properties Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, May 9th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 8.71%. Easterly Government Properties’s dividend payout ratio is presently 530.00%. About Easterly Government Properties (Free Report) 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. See Also Five stocks we like better than Easterly Government Properties What Does Downgrade Mean in Investing? MarketBeat Week in Review – 5/13 – 5/17 With Risk Tolerance, One Size Does Not Fit All Take-Two Interactive Software Offers 2nd Chance for Investors P/E Ratio Calculation: How to Assess Stocks Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA – Free Report).
