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723300.0
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2023-05-02 00:00:00 UTC
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Easterly Government Properties (DEA) Meets Q1 FFO Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-meets-q1-ffo-estimates
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nan
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nan
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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 $0.33 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this property management company would post FFO of $0.30 per share when it actually produced FFO of $0.29, delivering a surprise of -3.33%.
Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $71.22 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $72.3 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have lost about 2.2% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.29 on $70.09 million in revenues for the coming quarter and $1.14 on $281.02 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Gladstone Commercial (GOOD), is yet to report results for the quarter ended March 2023. The results are expected to be released on May 3.
This real estate investment trust is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +2.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Gladstone Commercial's revenues are expected to be $37.37 million, up 5.2% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
Gladstone Commercial Corporation (GOOD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Gladstone Commercial Corporation (GOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
|
Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Gladstone Commercial Corporation (GOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $71.22 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Gladstone Commercial Corporation (GOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $71.22 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Gladstone Commercial Corporation (GOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
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40b22968-0ca2-4003-a1c7-5bfcf620e9f1
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723301.0
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2023-04-28 00:00:00 UTC
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Red River Bancshares (RRBI) Q1 Earnings and Revenues Miss Estimates
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DEA
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https://www.nasdaq.com/articles/red-river-bancshares-rrbi-q1-earnings-and-revenues-miss-estimates
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nan
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nan
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Red River Bancshares (RRBI) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.48%. A quarter ago, it was expected that this holding company for Red River Bank would post earnings of $1.28 per share when it actually produced earnings of $1.42, delivering a surprise of 10.94%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Red River Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $27.25 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 2.19%. This compares to year-ago revenues of $23.13 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Red River Bancshares shares have lost about 10.7% since the beginning of the year versus the S&P 500's gain of 7.7%.
What's Next for Red River Bancshares?
While Red River Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Red River Bancshares: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.34 on $28.4 million in revenues for the coming quarter and $5.36 on $114.09 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended March 2023. The results are expected to be released on May 2.
This property management company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of -12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $70.39 million, down 2.6% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended March 2023. Click to get this free report Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
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Click to get this free report Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended March 2023. Red River Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $27.25 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 2.19%.
|
One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended March 2023. Click to get this free report Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Red River Bancshares (RRBI) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.35 per share.
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One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended March 2023. Click to get this free report Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Red River Bancshares (RRBI) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.35 per share.
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918b33ef-f2fe-4c51-9849-b8f5eabedfb2
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723302.0
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2023-04-27 00:00:00 UTC
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Easterly Government Properties (DEA) Declares $0.26 Dividend
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-declares-%240.26-dividend
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nan
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nan
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Easterly Government Properties said on April 26, 2023 that its board of directors declared a regular quarterly dividend of $0.26 per share ($1.06 annualized). Previously, the company paid $0.26 per share.
Shares must be purchased before the ex-div date of May 10, 2023 to qualify for the dividend. Shareholders of record as of May 11, 2023 will receive the payment on May 23, 2023.
At the current share price of $13.91 / share, the stock's dividend yield is 7.62%.
Looking back five years and taking a sample every week, the average dividend yield has been 5.27%, the lowest has been 3.79%, and the highest has been 8.37%. The standard deviation of yields is 0.84 (n=237).
The current dividend yield is 2.81 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 3.10. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
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What is the Fund Sentiment?
There are 530 funds or institutions reporting positions in Easterly Government Properties. This is an increase of 5 owner(s) or 0.95% in the last quarter. Average portfolio weight of all funds dedicated to DEA is 0.14%, a decrease of 6.68%. Total shares owned by institutions increased in the last three months by 3.09% to 90,263K shares.
The put/call ratio of DEA is 0.92, indicating a bullish outlook.
Analyst Price Forecast Suggests 8.77% Upside
As of April 24, 2023, the average one-year price target for Easterly Government Properties is 15.13. The forecasts range from a low of 13.13 to a high of $17.85. The average price target represents an increase of 8.77% from its latest reported closing price of 13.91.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Easterly Government Properties is 294MM, a decrease of 0.95%. The projected annual non-GAAP EPS is 0.22.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,329K shares representing 6.88% ownership of the company. In it's prior filing, the firm reported owning 6,154K shares, representing an increase of 2.77%. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,849K shares representing 4.18% ownership of the company. In it's prior filing, the firm reported owning 3,912K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in DEA by 15.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,815K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 2,789K shares, representing an increase of 0.92%. The firm decreased its portfolio allocation in DEA by 15.66% over the last quarter.
Federated Hermes holds 2,810K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 2,772K shares, representing an increase of 1.35%. The firm decreased its portfolio allocation in DEA by 13.43% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,100K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 2,008K shares, representing an increase of 4.40%. The firm decreased its portfolio allocation in DEA by 14.28% over the last quarter.
Easterly Government Properties Background Information
(This description is provided by the company.)
Easterly Government Properties, Inc. is based in Washington, D.C., 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. Government agencies for properties leased through the U.S. General Services Administration (GSA).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Average portfolio weight of all funds dedicated to DEA is 0.14%, a decrease of 6.68%. The put/call ratio of DEA is 0.92, indicating a bullish outlook. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
|
Average portfolio weight of all funds dedicated to DEA is 0.14%, a decrease of 6.68%. The put/call ratio of DEA is 0.92, indicating a bullish outlook. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
|
Average portfolio weight of all funds dedicated to DEA is 0.14%, a decrease of 6.68%. The put/call ratio of DEA is 0.92, indicating a bullish outlook. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
|
Average portfolio weight of all funds dedicated to DEA is 0.14%, a decrease of 6.68%. The put/call ratio of DEA is 0.92, indicating a bullish outlook. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
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427e4a47-ba41-45dd-b3c3-eb3c8ae11180
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723303.0
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2023-04-27 00:00:00 UTC
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LTC Properties (LTC) Q1 FFO Meet Estimates
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DEA
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https://www.nasdaq.com/articles/ltc-properties-ltc-q1-ffo-meet-estimates
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nan
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nan
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LTC Properties (LTC) came out with quarterly funds from operations (FFO) of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.60 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this real estate investment trust would post FFO of $0.67 per share when it actually produced FFO of $0.72, delivering a surprise of 7.46%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
LTC, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $31.74 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 6.14%. This compares to year-ago revenues of $30.32 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
LTC shares have lost about 5.5% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for LTC?
While LTC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for LTC: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.67 on $30.1 million in revenues for the coming quarter and $2.68 on $120.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. The results are expected to be released on May 2.
This property management company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of -12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $70.39 million, down 2.6% from the year-ago quarter.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
LTC Properties, Inc. (LTC) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Click to get this free report LTC Properties, Inc. (LTC) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
|
Click to get this free report LTC Properties, Inc. (LTC) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. LTC, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $31.74 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 6.14%.
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Click to get this free report LTC Properties, Inc. (LTC) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. LTC Properties (LTC) came out with quarterly funds from operations (FFO) of $0.66 per share, in line with the Zacks Consensus Estimate.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Click to get this free report LTC Properties, Inc. (LTC) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. LTC Properties (LTC) came out with quarterly funds from operations (FFO) of $0.66 per share, in line with the Zacks Consensus Estimate.
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ab90a70d-74e1-438c-b976-1fc55e65c6ae
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723304.0
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2023-04-25 00:00:00 UTC
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Highwoods Properties (HIW) Beats Q1 FFO Estimates
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DEA
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https://www.nasdaq.com/articles/highwoods-properties-hiw-beats-q1-ffo-estimates
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nan
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nan
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Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.98 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to FFO of $1.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 5.38%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.96 per share when it actually produced FFO of $0.96, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Highwoods Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $212.75 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $206.38 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Highwoods Properties shares have lost about 18.5% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Highwoods Properties?
While Highwoods Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Highwoods Properties: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.96 on $212.41 million in revenues for the coming quarter and $3.77 on $851.83 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. The results are expected to be released on May 2.
This property management company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of -12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $70.39 million, down 2.6% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Click to get this free report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Click to get this free report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Highwoods Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $212.75 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.13%.
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Click to get this free report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.98 per share, beating the Zacks Consensus Estimate of $0.93 per share.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended March 2023. Click to get this free report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Over the last four quarters, the company has surpassed consensus FFO estimates three times.
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bf7b8699-c47e-4dfc-8487-9f5f18094788
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723305.0
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2023-04-19 00:00:00 UTC
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Rexford Industrial (REXR) Matches Q1 FFO Estimates
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DEA
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https://www.nasdaq.com/articles/rexford-industrial-rexr-matches-q1-ffo-estimates
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Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.52 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this industrial real estate investment trust would post FFO of $0.48 per share when it actually produced FFO of $0.49, delivering a surprise of 2.08%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Rexford Industrial, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $186.24 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 4.99%. This compares to year-ago revenues of $140.75 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Rexford Industrial shares have added about 0.8% since the beginning of the year versus the S&P 500's gain of 8.2%.
What's Next for Rexford Industrial?
While Rexford Industrial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Rexford Industrial: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.54 on $180.37 million in revenues for the coming quarter and $2.18 on $737.31 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended March 2023. The results are expected to be released on May 2.
This property management company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of -12.1%. The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level.
Easterly Government Properties' revenues are expected to be $70.39 million, down 2.6% from the year-ago quarter.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rexford Industrial Realty, Inc. (REXR) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended March 2023. Click to get this free report Rexford Industrial Realty, Inc. (REXR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Click to get this free report Rexford Industrial Realty, Inc. (REXR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended March 2023. Rexford Industrial, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $186.24 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 4.99%.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended March 2023. Click to get this free report Rexford Industrial Realty, Inc. (REXR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.52 per share, in line with the Zacks Consensus Estimate.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended March 2023. Click to get this free report Rexford Industrial Realty, Inc. (REXR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. While Rexford Industrial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
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b268de2e-74a7-4fc3-9f90-2defe7d29dbc
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723306.0
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2023-04-15 00:00:00 UTC
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Why Is Easterly Government Properties' Dividend Yield So High?
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DEA
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https://www.nasdaq.com/articles/why-is-easterly-government-properties-dividend-yield-so-high
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nan
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nan
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Tenant quality is important when it comes to real estate investment trusts (REITs). Easterly Government Properties (NYSE: DEA) has a lock on some of the highest-quality tenants around -- the U.S. government and government agencies. And yet the stock has sold off over the past year, pushing the dividend yield to a historic high of 7.5%. What's going on?
Business basics
Easterly owns a portfolio of 86 properties, covering 8.7 million square feet spread across the United States. Office assets make up around 62% of the portfolio, outpatient properties 20%, lab space 6%, and courthouses 4%, with a fairly sizable "other" category rounding things out to 100%. The average remaining lease term is a pleasing 10.3 years, and occupancy is solid at 98.8%.
Image source: Getty Images.
As noted, almost all of the property in the portfolio is leased to either the U.S. government or a U.S. government agency. These are some of the highest-quality tenants that a REIT could hope for. That said, management doesn't buy properties willy-nilly -- it is specifically looking for well-located, young buildings with direct tenants that are growing.
From a foundational view of things, the REIT's business model seems fairly attractive. And yet the stock has sold off by about 30% over the past year, pushing the yield sharply higher. It is likely that investors are worried that Easterly won't be able to sustain its dividend.
DEA data by YCharts.
Follow the money
From a top-level view, such concerns seem overblown. In 2022 Easterly generated funds from operations (FFO) of $1.27 per share. The dividends paid during the year added up to $1.06 per share. That results in an FFO payout ratio of around 83%. That's not at all unreasonable for a REIT, which has to pay out at least 90% of taxable earnings.
However, when you dig a little further, you'll see that Easterly also offered up another figure called cash available for distribution (CAD). Essentially, taking into account other expenses that are necessary, this is the amount left over that could be paid out as dividends. According to the company, CAD in 2022 totaled $108.5 million. If you go the annual report and look at the cash flow statement, you'll see that the company paid out total dividends of $109.2 million last year.
That comparison makes the dividend look a lot less secure. Now consider the guidance that Easterly provided for 2023, in which it is projecting FFO between $1.11 and $1.14 per share. That represents a year-over-year drop of as much as 12.5% and would push the FFO payout ratio up to 95% at the low end of guidance. There's a lot less room for adversity in that payout ratio than its 83% in 2022. And while the company didn't provide formal guidance for CAD, the FFO drop it is projecting would clearly make covering the dividend more difficult, not easier.
Not as strong as it seems
It would be hard to suggest that shares of Easterly Government Properties would be a massive risk for investors. Given its business model, that just isn't likely to be the case. However, the historically high yield is a warning that Wall Street has concerns about the safety of the dividend. And indeed, a dividend cut isn't as far-fetched as it might seem when you consider the FFO guidance and the CAD numbers for 2022. In the end, dividend investors looking to live off of the dividends their portfolios generate should probably tread with caution here.
10 stocks we like better than Easterly Government Properties
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Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (NYSE: DEA) has a lock on some of the highest-quality tenants around -- the U.S. government and government agencies. DEA data by YCharts. Business basics Easterly owns a portfolio of 86 properties, covering 8.7 million square feet spread across the United States.
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Easterly Government Properties (NYSE: DEA) has a lock on some of the highest-quality tenants around -- the U.S. government and government agencies. DEA data by YCharts. And yet the stock has sold off over the past year, pushing the dividend yield to a historic high of 7.5%.
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Easterly Government Properties (NYSE: DEA) has a lock on some of the highest-quality tenants around -- the U.S. government and government agencies. DEA data by YCharts. 10 stocks we like better than Easterly Government Properties When our analyst team has a stock tip, it can pay to listen.
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Easterly Government Properties (NYSE: DEA) has a lock on some of the highest-quality tenants around -- the U.S. government and government agencies. DEA data by YCharts. As noted, almost all of the property in the portfolio is leased to either the U.S. government or a U.S. government agency.
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8476269c-d626-4441-8c0c-4bc1c7d31a5f
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723307.0
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2023-03-28 00:00:00 UTC
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Compass Point Upgrades Easterly Government Properties (DEA)
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DEA
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https://www.nasdaq.com/articles/compass-point-upgrades-easterly-government-properties-dea
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On March 28, 2023, Compass Point upgraded their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy.
Analyst Price Forecast Suggests 19.51% Upside
As of March 29, 2023, the average one-year price target for Easterly Government Properties is $15.13. The forecasts range from a low of $14.14 to a high of $17.85. The average price target represents an increase of 19.51% from its latest reported closing price of $12.66.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Easterly Government Properties is $294MM, a decrease of 0.95%. The projected annual non-GAAP EPS is $0.22.
Easterly Government Properties Declares $0.26 Dividend
On February 22, 2023 the company declared a regular quarterly dividend of $0.26 per share ($1.06 annualized). Shareholders of record as of March 9, 2023 received the payment on March 21, 2023. Previously, the company paid $0.26 per share.
At the current share price of $12.66 / share, the stock's dividend yield is 8.37%. Looking back five years and taking a sample every week, the average dividend yield has been 5.23%, the lowest has been 3.79%, and the highest has been 8.37%. The standard deviation of yields is 0.78 (n=236).
The current dividend yield is 4.03 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 3.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,329K shares representing 6.97% ownership of the company. In it's prior filing, the firm reported owning 6,154K shares, representing an increase of 2.77%. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,912K shares representing 4.31% ownership of the company. In it's prior filing, the firm reported owning 3,750K shares, representing an increase of 4.15%. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,815K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 2,789K shares, representing an increase of 0.92%. The firm decreased its portfolio allocation in DEA by 15.66% over the last quarter.
Federated Hermes holds 2,810K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 2,772K shares, representing an increase of 1.35%. The firm decreased its portfolio allocation in DEA by 13.43% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,100K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 2,008K shares, representing an increase of 4.40%. The firm decreased its portfolio allocation in DEA by 14.28% over the last quarter.
What is the Fund Sentiment?
There are 531 funds or institutions reporting positions in Easterly Government Properties. This is an increase of 1 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to DEA is 0.13%, a decrease of 13.10%. Total shares owned by institutions increased in the last three months by 2.99% to 89,797K shares. The put/call ratio of DEA is 0.76, indicating a bullish outlook.
Easterly Government Properties Background Information
(This description is provided by the company.)
Easterly Government Properties, Inc. is based in Washington, D.C., 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. Government agencies for properties leased through the U.S. General Services Administration (GSA).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On March 28, 2023, Compass Point upgraded their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
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On March 28, 2023, Compass Point upgraded their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
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On March 28, 2023, Compass Point upgraded their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
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On March 28, 2023, Compass Point upgraded their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy. The firm decreased its portfolio allocation in DEA by 15.34% over the last quarter. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
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1d75a8ef-3bbd-4504-beb5-0d092f9636ab
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723308.0
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2023-03-17 00:00:00 UTC
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First Week of May 19th Options Trading For Easterly Government Properties (DEA)
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DEA
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https://www.nasdaq.com/articles/first-week-of-may-19th-options-trading-for-easterly-government-properties-dea
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nan
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nan
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Investors in Easterly Government Properties Inc (Symbol: DEA) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DEA options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $12.50 strike price has a current bid of 45 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $12.50, but will also collect the premium, putting the cost basis of the shares at $12.05 (before broker commissions). To an investor already interested in purchasing shares of DEA, that could represent an attractive alternative to paying $13.04/share today.
Because the $12.50 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.60% return on the cash commitment, or 20.86% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Easterly Government Properties Inc, and highlighting in green where the $12.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $15.00 strike price has a current bid of 5 cents. If an investor was to purchase shares of DEA stock at the current price level of $13.04/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $15.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.41% if the stock gets called away at the May 19th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DEA shares really soar, which is why looking at the trailing twelve month trading history for Easterly Government Properties Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEA's trailing twelve month trading history, with the $15.00 strike highlighted in red:
Considering the fact that the $15.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 91%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.38% boost of extra return to the investor, or 2.22% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 42%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $13.04) to be 26%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the REITs »
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DEA shares really soar, which is why looking at the trailing twelve month trading history for Easterly Government Properties Inc, as well as studying the business fundamentals becomes important. Below is a chart showing DEA's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Easterly Government Properties Inc (Symbol: DEA) saw new options begin trading this week, for the May 19th expiration.
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Below is a chart showing DEA's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Easterly Government Properties Inc (Symbol: DEA) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DEA options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DEA's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Easterly Government Properties Inc (Symbol: DEA) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DEA options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DEA options chain for the new May 19th contracts and identified one put and one call contract of particular interest. Below is a chart showing DEA's trailing twelve month trading history, with the $15.00 strike highlighted in red: Considering the fact that the $15.00 strike represents an approximate 15% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Easterly Government Properties Inc (Symbol: DEA) saw new options begin trading this week, for the May 19th expiration.
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0d7ffc0e-d0da-4f1f-bf01-fa3174341464
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723309.0
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2023-03-15 00:00:00 UTC
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EastGroup Properties (EGP) Soars 3.1%: Is Further Upside Left in the Stock?
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DEA
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https://www.nasdaq.com/articles/eastgroup-properties-egp-soars-3.1%3A-is-further-upside-left-in-the-stock
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nan
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EastGroup Properties EGP shares rallied 3.1% in the last trading session to close at $164.68. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.6% loss over the past four weeks.
This increased optimism stems from the favorable industrial real estate market fundamentals and the company’s capacity to leverage growth potential.
This real estate investment trust is expected to post quarterly funds from operations (FFO) of $1.81 per share in its upcoming report, which represents a year-over-year change of +7.7%. Revenues are expected to be $132.74 million, up 17.5% from the year-ago quarter.
FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO estimate revisions are strongly correlated with near-term stock price movements.
For EastGroup Properties, the consensus FFO per share estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. And a positive trend in FFO estimate revision usually translates into price appreciation. So, make sure to keep an eye on EGP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
EastGroup Properties is part of the Zacks REIT and Equity Trust - Other industry. Easterly Government Properties DEA, another stock in the same industry, closed the last trading session 1.6% lower at $13.96. DEA has returned -12.5% in the past month.
For Easterly Government Properties, the consensus FFO per share estimate for the upcoming report has changed -3.3% over the past month to $0.29. This represents a change of -12.1% from what the company reported a year ago. Easterly Government Properties currently has a Zacks Rank of #3 (Hold).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties DEA, another stock in the same industry, closed the last trading session 1.6% lower at $13.96. DEA has returned -12.5% in the past month. Click to get this free report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties DEA, another stock in the same industry, closed the last trading session 1.6% lower at $13.96. DEA has returned -12.5% in the past month.
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Click to get this free report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties DEA, another stock in the same industry, closed the last trading session 1.6% lower at $13.96. DEA has returned -12.5% in the past month.
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Easterly Government Properties DEA, another stock in the same industry, closed the last trading session 1.6% lower at $13.96. DEA has returned -12.5% in the past month. Click to get this free report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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d699f7ed-d209-43fb-9828-5a8b43f540a3
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723310.0
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2023-03-14 00:00:00 UTC
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Easterly Government Properties Enters Oversold Territory
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-enters-oversold-territory-2
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEA entered into oversold territory, changing hands as low as $13.92 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Easterly Government Properties Inc, the RSI reading has hit 29.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 35.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.48% based upon the recent $14.18 share price.
A bullish investor could look at DEA's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
TETC YTD Return
EUFN YTD Return
AACQ YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DEA's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEA entered into oversold territory, changing hands as low as $13.92 per share.
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Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.48% based upon the recent $14.18 share price. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEA entered into oversold territory, changing hands as low as $13.92 per share.
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Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEA entered into oversold territory, changing hands as low as $13.92 per share. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.48% based upon the recent $14.18 share price.
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But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DEA entered into oversold territory, changing hands as low as $13.92 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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a5ed718d-bcdf-48b6-bc2c-54dccc77c1ae
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723311.0
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2023-03-06 00:00:00 UTC
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Ex-Dividend Reminder: American Assets Trust, Kimco Realty and Easterly Government Properties
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DEA
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-american-assets-trust-kimco-realty-and-easterly-government
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc will pay its quarterly dividend of $0.33 on 3/23/23, Kimco Realty Corp will pay its quarterly dividend of $0.23 on 3/23/23, and Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 3/21/23. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal.
Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared.
American Assets Trust Inc (Symbol: AAT):
Kimco Realty Corp (Symbol: KIM):
Easterly Government Properties Inc (Symbol: DEA):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.30% for American Assets Trust Inc, 4.43% for Kimco Realty Corp, and 6.97% for Easterly Government Properties Inc.
In Monday trading, American Assets Trust Inc shares are currently up about 0.3%, Kimco Realty Corp shares are up about 0.5%, and Easterly Government Properties Inc shares are up about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Cheap Stocks To Watch
VCVC YTD Return
PTI market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal. Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): Kimco Realty Corp (Symbol: KIM): Easterly Government Properties Inc (Symbol: DEA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): Kimco Realty Corp (Symbol: KIM): Easterly Government Properties Inc (Symbol: DEA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal. Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared.
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84b8720d-36eb-4193-ba6b-f04b426bed17
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723312.0
|
2023-02-28 00:00:00 UTC
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Easterly Government Properties (DEA) Q4 FFO Lag Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-q4-ffo-lag-estimates
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nan
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nan
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -3.33%. A quarter ago, it was expected that this property management company would post FFO of $0.34 per share when it actually produced FFO of $0.32, delivering a surprise of -5.88%.
Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $73.51 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.88%. This compares to year-ago revenues of $71.64 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have added about 5.3% since the beginning of the year versus the S&P 500's gain of 3.7%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.30 on $70.03 million in revenues for the coming quarter and $1.15 on $283.57 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Postal Realty Trust (PSTL), has yet to report results for the quarter ended December 2022. The results are expected to be released on March 1.
This company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level.
Postal Realty Trust's revenues are expected to be $14.43 million, up 29.7% from the year-ago quarter.
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Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $73.51 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.88%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $73.51 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.88%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. Click to get this free report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $73.51 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.88%.
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a327deaa-e675-49ef-baf6-459956d58037
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723313.0
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2023-02-24 00:00:00 UTC
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Easterly Government Properties (DEA) Passes Through 7% Yield Mark
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-passes-through-7-yield-mark
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $15.09 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 7% would appear considerably attractive if that yield is sustainable. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
Top Ten Hedge Funds Holding CPGI
WFC Dividend History
PZZ Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $15.09 on the day. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $15.09 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $15.09 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
|
Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $15.09 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
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9e4bfbf3-844e-4834-8ab5-495da9d4e2b0
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723314.0
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2023-02-09 00:00:00 UTC
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Ventas (VTR) Q4 FFO and Revenues Beat Estimates
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DEA
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https://www.nasdaq.com/articles/ventas-vtr-q4-ffo-and-revenues-beat-estimates
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nan
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nan
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Ventas (VTR) came out with quarterly funds from operations (FFO) of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to FFO of $0.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 1.39%. A quarter ago, it was expected that this seniors housing real estate investment trust would post FFO of $0.76 per share when it actually produced FFO of $0.76, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Ventas, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.05 billion for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Ventas shares have added about 15.2% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for Ventas?
While Ventas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ventas: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.72 on $1.07 billion in revenues for the coming quarter and $3.07 on $4.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 28.
This property management company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -6.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $72.18 million, up 0.8% from the year-ago quarter.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ventas, Inc. (VTR) : Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2022. Click to get this free report Ventas, Inc. (VTR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Click to get this free report Ventas, Inc. (VTR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2022. Ventas, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.05 billion for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.15%.
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Click to get this free report Ventas, Inc. (VTR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2022. Ventas (VTR) came out with quarterly funds from operations (FFO) of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2022. Click to get this free report Ventas, Inc. (VTR) : Free Stock Analysis Report Easterly Government Properties, Inc. (DEA) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
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91594743-3db4-4106-be7e-4c0cda1c75e5
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723315.0
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2023-02-04 00:00:00 UTC
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3 of the Best High-Yield Dividend Stocks to Buy in February
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DEA
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https://www.nasdaq.com/articles/3-of-the-best-high-yield-dividend-stocks-to-buy-in-february
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nan
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nan
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Income investors often have to make trade-offs. They might give up a more attractive dividend yield for lower portfolio risk or vice versa. But such trade-offs aren't always necessary.
Some stocks offer great yields and aren't inordinately risky. Here are three of the best high-yield dividend stocks to buy in February.
1. Easterly Government Properties
When I think of low-risk dividend stocks, Easterly Government Properties (NYSE: DEA) immediately comes to mind. The company is a real estate investment trust (REIT) that leases nearly all of its properties to the U.S. government.
Easterly's dividend yield currently stands above 6.7%. The company's dividend should be easily sustainable. A whopping 98% of Easterly's lease income is paid by federal agencies. There's arguably no better tenant in the world to have than Uncle Sam.
It's important to watch how much debt a REIT has, especially with interest rates now higher than they've been in years. Easterly should be in good shape on this front. The company's debt totaled $1.37 billion at the end of the third quarter of 2022. This amount is likely to decrease, though, with Easterly's sale of 10 properties for gross proceeds of $205.3 million.
The Federal Reserve appears to be easing up on interest rate hikes as inflation moderates. That's great news for Easterly because it means the company's borrowing costs to fund future expansion shouldn't be as high as they might have been. Positive moves by the Fed could cause Easterly stock to deliver solid gains this year.
2. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) is a leading midstream energy company. It owns more than 50,000 miles of pipelines that transport natural gas liquids, natural gas, crude oil, petrochemicals, and refined products. Enterprise also operates 24 natural gas processing facilities as well as other facilities for processing oil and gas products.
Income investors should love Enterprise Products Partners' dividend. The company has increased its dividend for 24 consecutive years. Its dividend yield is now nearly 7.4%.
Enterprise's ability to pay its dividend doesn't depend on oil and gas prices. Instead, the company can rely on steady cash flow from the fees it charges to use its pipelines.
But could the shift to renewable energy sources threaten Enterprise Products Partners over the longer term? The company actually isn't worried about clean energy's impact on its business. Enterprise is reducing carbon emissions at its facilities. However, it also expects that the demand for its pipelines will grow in the future rather than decline.
3. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) is a REIT that leases facilities to hospital operators. It currently owns 435 facilities with around 44,000 licensed beds in the U.S., Australia, Colombia, and seven European countries.
The hospital REIT offers an especially juicy dividend yield of nearly 8.9%. Medical Properties Trust has also increased its dividend for eight consecutive years, while several of its peers cut their dividends.
Last year was challenging for Medical Properties Trust. The stock plunged more than 50% due to investors' worries about the financial stability of several key tenants. Indeed, one of the REIT's tenants (Pipeline Health) declared bankruptcy.
But Medical Properties Trust recently received some good news. Pipeline will pay all of the rent owed for the properties it leases from Medical Properties Trust. Also, the REIT's other tenants should benefit from increased reimbursement from Medicare and private payers. With these developments improving Medical Properties Trust's own financial outlook, this high-yield dividend stock appears to be a great pick to buy in February.
10 stocks we like better than Medical Properties Trust
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Medical Properties Trust wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Keith Speights has positions in Enterprise Products Partners. The Motley Fool recommends Easterly Government Properties and Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties When I think of low-risk dividend stocks, Easterly Government Properties (NYSE: DEA) immediately comes to mind. That's great news for Easterly because it means the company's borrowing costs to fund future expansion shouldn't be as high as they might have been. But could the shift to renewable energy sources threaten Enterprise Products Partners over the longer term?
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Easterly Government Properties When I think of low-risk dividend stocks, Easterly Government Properties (NYSE: DEA) immediately comes to mind. Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) is a leading midstream energy company. Medical Properties Trust Medical Properties Trust (NYSE: MPW) is a REIT that leases facilities to hospital operators.
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Easterly Government Properties When I think of low-risk dividend stocks, Easterly Government Properties (NYSE: DEA) immediately comes to mind. Medical Properties Trust Medical Properties Trust (NYSE: MPW) is a REIT that leases facilities to hospital operators. Medical Properties Trust has also increased its dividend for eight consecutive years, while several of its peers cut their dividends.
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Easterly Government Properties When I think of low-risk dividend stocks, Easterly Government Properties (NYSE: DEA) immediately comes to mind. Enterprise also operates 24 natural gas processing facilities as well as other facilities for processing oil and gas products. Medical Properties Trust has also increased its dividend for eight consecutive years, while several of its peers cut their dividends.
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9e563c02-4fa7-4853-ad81-351a4e3ad9a5
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723316.0
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2023-02-03 00:00:00 UTC
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State Street Increases Position in Easterly Government Properties (DEA)
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DEA
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https://www.nasdaq.com/articles/state-street-increases-position-in-easterly-government-properties-dea
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nan
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nan
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Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 5.87MM shares of Easterly Government Properties Inc (DEA). This represents 6.46% of the company.
In their previous filing dated February 11, 2022 they reported 4.85MM shares and 5.63% of the company, an increase in shares of 20.98% and an increase in total ownership of 0.83% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 5.78% Downside
As of February 1, 2023, the average one-year price target for Easterly Government Properties is $15.73. The forecasts range from a low of $14.14 to a high of $17.85. The average price target represents a decrease of 5.78% from its latest reported closing price of $16.69.
The projected annual revenue for Easterly Government Properties is $294MM, a decrease of 0.05%. The projected annual EPS is $0.22, a decrease of 8.30%.
Fund Sentiment
There are 519 funds or institutions reporting positions in Easterly Government Properties. This is a decrease of 21 owner(s) or 3.89%.
Average portfolio weight of all funds dedicated to US:DEA is 0.1425%, a decrease of 7.4879%. Total shares owned by institutions increased in the last three months by 0.98% to 87,484K shares.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,154,231 shares representing 6.78% ownership of the company. In it's prior filing, the firm reported owning 5,728,449 shares, representing an increase of 6.92%. The firm decreased its portfolio allocation in DEA by 9.69% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,912,452 shares representing 4.31% ownership of the company. In it's prior filing, the firm reported owning 3,750,019 shares, representing an increase of 4.15%. The firm increased its portfolio allocation in DEA by 7.79% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,789,000 shares representing 3.07% ownership of the company. In it's prior filing, the firm reported owning 2,709,162 shares, representing an increase of 2.86%. The firm decreased its portfolio allocation in DEA by 11.12% over the last quarter.
Federated Hermes holds 2,771,749 shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 2,629,811 shares, representing an increase of 5.12%. The firm decreased its portfolio allocation in DEA by 5.97% over the last quarter.
GW&K Investment Management holds 2,163,648 shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 1,958,225 shares, representing an increase of 9.49%. The firm decreased its portfolio allocation in DEA by 37.22% over the last quarter.
Easterly Government Properties Declares $0.26 Dividend
Easterly Government Properties said on July 28, 2022 that its board of directors declared a regular quarterly dividend of $0.26 per share ($1.06 annualized). Shareholders of record as of August 10, 2022 received the payment on August 23, 2022. Previously, the company paid $0.26 per share.
At the current share price of $16.69 / share, the stock's dividend yield is 6.35%. Looking back five years and taking a sample every week, the average dividend yield has been 5.17%, the lowest has been 3.79%, and the highest has been 7.58%. The standard deviation of yields is 0.68 (n=236).
The current dividend yield is 1.73 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 4.36. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.
Easterly Government Properties Background Information
(This description is provided by the company.)
Easterly Government Properties, Inc. is based in Washington, D.C., 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. Government agencies for properties leased through the U.S. General Services Administration (GSA).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 5.87MM shares of Easterly Government Properties Inc (DEA). Average portfolio weight of all funds dedicated to US:DEA is 0.1425%, a decrease of 7.4879%. The firm decreased its portfolio allocation in DEA by 9.69% over the last quarter.
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Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 5.87MM shares of Easterly Government Properties Inc (DEA). Average portfolio weight of all funds dedicated to US:DEA is 0.1425%, a decrease of 7.4879%. The firm decreased its portfolio allocation in DEA by 9.69% over the last quarter.
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Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 5.87MM shares of Easterly Government Properties Inc (DEA). Average portfolio weight of all funds dedicated to US:DEA is 0.1425%, a decrease of 7.4879%. The firm decreased its portfolio allocation in DEA by 9.69% over the last quarter.
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Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 5.87MM shares of Easterly Government Properties Inc (DEA). Average portfolio weight of all funds dedicated to US:DEA is 0.1425%, a decrease of 7.4879%. The firm decreased its portfolio allocation in DEA by 9.69% over the last quarter.
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e40c68ea-b90b-4af6-8a58-4df504ee5b37
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723317.0
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2023-01-28 00:00:00 UTC
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3 Low-Risk Dividend Stocks to Buy in 2023
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DEA
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https://www.nasdaq.com/articles/3-low-risk-dividend-stocks-to-buy-in-2023
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nan
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nan
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When the seas are rough, captains batten down the hatches on their ships. Investors have a similar mindset when the stock market is choppy. Their equivalent to battening down the hatches is to reduce the exposure to risk in their portfolios.
Stocks have started off the new year on the right foot. However, it's still possible that there will be a fair amount of volatility in the coming months. For investors seeking to navigate the uncertain waters and sleep peacefully at night, here are three low-risk dividend stocks to buy in 2023.
1. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) just might have the most dependable cash flow you'll find anywhere. The real estate investment trust (REIT) leases most of the properties it owns to U.S. federal agencies. As such, nearly all of Easterly's recurring cash flows are backed by the full faith and credit of the U.S. government.
Federal regulations require that REITs return at least 90% of their taxable income to shareholders in the form of dividends. Easterly's dividend yield currently stands at 6.8%.
The stock isn't insulated from macroeconomic headwinds, though. Easterly's share price is nearly 30% below its previous high. Rising interest rates tend to be problematic for REITs because they push the costs of borrowing higher.
However, Easterly is in a good financial position to weather whatever might happen. And with the possibility that the Federal Reserve will ease up on rate hikes, the stock could rebound nicely this year.
2. Johnson & Johnson
Investors have turned to Johnson & Johnson (NYSE: JNJ) as a safe haven for a long time. That's understandable, given that the healthcare giant has been successful for well over a century.
J&J's dividend is a big part of the attraction. The company is a Dividend King, with 60 consecutive years of dividend increases under its belt. Its dividend yield is now nearly 2.7%.
Last year, Johnson & Johnson handily outperformed the overall market, with its shares rising 3% while the S&P 500 plunged 19.4%. The stock isn't doing as well so far in 2023, though, with the shares sliding lower as the S&P has climbed.
But I think that J&J could bounce back after its rocky start. COVID-19 should have less of a negative impact on the company's business going forward. Foreign exchange headwinds should diminish somewhat as the Fed becomes less hawkish. J&J's upcoming spinoff of its consumer healthcare unit could also provide a spark for the stock.
3. PepsiCo
Many investors are concerned about the potential for the U.S. economy to enter a recession this year. They're not alone -- a majority of economists surveyed by The Wall Street Journal think a recession could be on the way, too. PepsiCo (NASDAQ: PEP), though, is arguably a practically recession-proof stock.
There's no doubt that PepsiCo is a great dividend stock. The food and beverage maker has increased its dividend payout for 50 consecutive years, earning it a spot alongside Johnson & Johnson in the list of Dividend Kings. Also like J&J, PepsiCo's dividend yield currently stands at nearly 2.7%.
The similarities with Johnson & Johnson don't end there. PepsiCo beat the S&P 500 in 2022 but its shares have fallen a little so far this year. There's no need to worry, however.
PepsiCo continues to increase its revenue and earnings at a solid pace. The company's Frito-Lay snacks unit is an especially strong growth driver. The stock should fare relatively well whether or not a recession comes this year, making it a solid low-risk pick.
10 stocks we like better than PepsiCo
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and PepsiCo wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Keith Speights has positions in PepsiCo. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) just might have the most dependable cash flow you'll find anywhere. For investors seeking to navigate the uncertain waters and sleep peacefully at night, here are three low-risk dividend stocks to buy in 2023. The real estate investment trust (REIT) leases most of the properties it owns to U.S. federal agencies.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) just might have the most dependable cash flow you'll find anywhere. The company is a Dividend King, with 60 consecutive years of dividend increases under its belt. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) just might have the most dependable cash flow you'll find anywhere. Johnson & Johnson Investors have turned to Johnson & Johnson (NYSE: JNJ) as a safe haven for a long time. The food and beverage maker has increased its dividend payout for 50 consecutive years, earning it a spot alongside Johnson & Johnson in the list of Dividend Kings.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) just might have the most dependable cash flow you'll find anywhere. The company is a Dividend King, with 60 consecutive years of dividend increases under its belt. * They just revealed what they believe are the ten best stocks for investors to buy right now... and PepsiCo wasn't one of them!
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c85d6fb9-5417-4c75-be18-ff88454d073f
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723318.0
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2023-01-25 00:00:00 UTC
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2 Great Stocks You (Probably) Haven't Heard Of Yet
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DEA
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https://www.nasdaq.com/articles/2-great-stocks-you-probably-havent-heard-of-yet
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nan
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nan
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There are some excellent investment opportunities in stocks that most investors know, but sometimes it can pay off nicely to look beyond the household names. There are some great companies -- especially in the real estate sector – that many investors haven't heard of that have excellent risk-reward dynamics and the capability to produce market-beating returns for years to come.
With that in mind, here are two under-the-radar stocks that patient long-term investors may want to take a closer look at in 2023.
Great dividends and upside potential
Easterly Government Properties (NYSE: DEA) is a real estate investment trust, or REIT, that invests in several different types of commercial properties. However, all of them have one thing in common -- their tenant is the United States government (specifically, its various agencies). This gives Easterly a near 100% occupancy rate, and a steady and reliably growing income stream that many REITs would love to have.
It may seem odd that such a steady and predictable business would be more than 30% below its highs, but that's exactly what has happened. And there's a good explanation. Because it is such a predictable business and is largely owned by income-seeking investors, it trades more like a bond than a stock. In other words, Easterly Government Properties is highly sensitive to rising interest rates. As rates rise, the yields investors expect from income instruments rise as well, which puts pressure on the stock prices. But now, investors can buy shares at a massive discount while inflation and interest rates remain high and receive a 6.8% dividend yield while they wait for things to normalize.
A unique real estate company with tons of optionality
It's tough to describe what Howard Hughes Corporation (NYSE: HHC) does, but a good term would be "city builder."
Howard Hughes Corporation develops master planned communities, but at a massive scale. If you've ever been to the Woodlands near Houston or Summerlin in Las Vegas, those are Howard Hughes communities, and are the size of small cities. In fact, the company's name is derived from billionaire Howard Hughes' original company, which started the Summerlin community.
The general idea is that the company acquires a large parcel of land, like the 37,000 acres it recently bought near Phoenix. It then sells a small portion to homebuilders, who develop residential neighborhoods. Then, it builds commercial properties (like an office building or hotel) near these new neighborhoods, which makes the surrounding land more valuable to homebuilders, and it sells a little more. This cycle of value creation can repeat for decades.
Obviously, this business model isn't ideal when the real estate market comes to a virtual halt like it has recently, and that's a big reason why the company is trading for well below its highs. However, the business is still performing quite well. The business remains highly profitable, master-planned community earnings (land sales) increased 39% year-over-year in the third quarter, and despite a difficult environment for several types of commercial properties, Howard Hughes Corporation's operating assets grew NOI slightly.
However, there's a ton of long-term value creation potential. As an example, in the 37,000-acre Phoenix-area community, Howard Hughes Corporation anticipates creating a total of 100,000 homesites and developing 55 million square feet of commercial space. And as the land sales are used to fund the commercial development, the model is very self-sustaining.
Buy for the long term
To be perfectly clear, I love both of these as long-term investments. I have absolutely no idea what these stocks will do over the next few weeks or months, and if the economic uncertainty persists, they could be very volatile. Having said that, I'm confident that investors who buy at these levels will do very well over the coming years.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Matthew Frankel, CFP® has positions in Howard Hughes. The Motley Fool has positions in and recommends Howard Hughes. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Great dividends and upside potential Easterly Government Properties (NYSE: DEA) is a real estate investment trust, or REIT, that invests in several different types of commercial properties. The general idea is that the company acquires a large parcel of land, like the 37,000 acres it recently bought near Phoenix. Obviously, this business model isn't ideal when the real estate market comes to a virtual halt like it has recently, and that's a big reason why the company is trading for well below its highs.
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Great dividends and upside potential Easterly Government Properties (NYSE: DEA) is a real estate investment trust, or REIT, that invests in several different types of commercial properties. The general idea is that the company acquires a large parcel of land, like the 37,000 acres it recently bought near Phoenix. Obviously, this business model isn't ideal when the real estate market comes to a virtual halt like it has recently, and that's a big reason why the company is trading for well below its highs.
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Great dividends and upside potential Easterly Government Properties (NYSE: DEA) is a real estate investment trust, or REIT, that invests in several different types of commercial properties. The general idea is that the company acquires a large parcel of land, like the 37,000 acres it recently bought near Phoenix. Obviously, this business model isn't ideal when the real estate market comes to a virtual halt like it has recently, and that's a big reason why the company is trading for well below its highs.
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Great dividends and upside potential Easterly Government Properties (NYSE: DEA) is a real estate investment trust, or REIT, that invests in several different types of commercial properties. Obviously, this business model isn't ideal when the real estate market comes to a virtual halt like it has recently, and that's a big reason why the company is trading for well below its highs. The general idea is that the company acquires a large parcel of land, like the 37,000 acres it recently bought near Phoenix.
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b3937c22-9996-4bd5-8cfb-0c4ebbff6cde
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723319.0
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2023-01-16 00:00:00 UTC
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3 No-Brainer Dividend Stocks to Buy in 2023
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DEA
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https://www.nasdaq.com/articles/3-no-brainer-dividend-stocks-to-buy-in-2023-0
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nan
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nan
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During the previous long bull market, dividends were an afterthought for many investors. Their focus was solely on growth.
It's a different environment today. More investors now realize just how important dividends can be. Dividends boost total returns. They also pay you while you wait for stocks to rebound.
There are lots of great dividend stocks out there. Some really stand out, though. Here are three no-brainer dividend stocks to buy in 2023.
1. Chevron
Chevron (NYSE: CVX) has long been a favorite for dividend investors. And for good reason. The oil and gas giant has increased its dividend for 35 years and is likely to soon extend that streak. Chevron's dividend yields over 3.2%.
Investors have enjoyed strong growth in addition to this attractive dividend over the last couple of years. The momentum that began in late 2020 is still going. Chevron stock has soared nearly 40% over the last 12 months.
These good times could continue to roll. Although oil prices have declined in recent months, several top analysts think that a bull market is coming for oil in 2023. If they're right, it will almost certainly provide a solid catalyst for Chevron stock.
Even if this oil bull market doesn't materialize, Chevron still looks like a smart pick. The demand for fossil fuels is likely to continue growing despite the transition to renewable energy sources. Chevron is also investing heavily in carbon capture, a market that could present a multi-trillion-dollar opportunity over the next few decades.
2. Easterly Government Properties
Some dividend investors might not be familiar with Easterly Government Properties (NYSE: DEA). However, this stock should be on your radar. Easterly is a real estate investment trust (REIT) that offers a juicy dividend yield of 6.9%.
Rising interest rates have hurt most REIT stocks. Easterly is no exception. Its share price is down 30% over the last year, primarily due to the Federal Reserve cranking up interest rates to fight inflation.
However, the latest report from the U.S. Bureau of Labor Statistics showed that inflation continued to slow down in December. Consumer prices even fell the most on a month-to-month basis since the early days of the COVID-19 pandemic. This gives investors a reason to be optimistic that the Fed won't need to increase interest rates much more. That would be great news for Easterly.
Regardless of what happens with interest rates, though, Easterly's dividend should be solid. The company leases nearly all of its 95 properties to U.S. government agencies. As a result, 98% of Easterly's cash flow that supports its dividend is funded by Uncle Sam.
3. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) (MPT) is another REIT that looks like a no-brainer for 2023. The company focuses on leasing facilities to hospital operators. MPT owns 435 facilities with 44,000 licensed beds in the U.S., Australia, Colombia, and seven European countries.
For investors seeking an ultra-high dividend yield, MPT should be especially appealing. The healthcare REIT's dividend yield currently tops 8.9%. MPT has increased its dividend for eight consecutive years. This track record is even more impressive considering that many of its peers have slashed their dividends during the period.
Interest rate increases have weighed on MPT just as they have most other REITs. Some of MPT's tenants have also faced financial challenges, with one filing for bankruptcy protection last year. But the outlook is improving for hospital operators with greater reimbursement from Medicare and private payers.
The demand for healthcare services will almost certainly increase in the future with aging populations. Hospitals will be needed more, not less. As the world's second-largest non-government owner of hospitals, Medical Properties Trust's long-term prospects should be bright.
10 stocks we like better than Medical Properties Trust
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Medical Properties Trust wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Keith Speights has no position in any of the stocks mentioned. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Some dividend investors might not be familiar with Easterly Government Properties (NYSE: DEA). Easterly is a real estate investment trust (REIT) that offers a juicy dividend yield of 6.9%. Its share price is down 30% over the last year, primarily due to the Federal Reserve cranking up interest rates to fight inflation.
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Easterly Government Properties Some dividend investors might not be familiar with Easterly Government Properties (NYSE: DEA). Medical Properties Trust Medical Properties Trust (NYSE: MPW) (MPT) is another REIT that looks like a no-brainer for 2023. The company focuses on leasing facilities to hospital operators.
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Easterly Government Properties Some dividend investors might not be familiar with Easterly Government Properties (NYSE: DEA). 10 stocks we like better than Medical Properties Trust When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Keith Speights has no position in any of the stocks mentioned.
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Easterly Government Properties Some dividend investors might not be familiar with Easterly Government Properties (NYSE: DEA). Regardless of what happens with interest rates, though, Easterly's dividend should be solid. The company focuses on leasing facilities to hospital operators.
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346fff98-63d8-465a-b832-f2f57c5ad918
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723320.0
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2023-01-09 00:00:00 UTC
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Here's the First Stock I'm Buying in 2023
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DEA
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https://www.nasdaq.com/articles/heres-the-first-stock-im-buying-in-2023
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nan
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nan
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The S&P 500 fell by nearly 20% in 2022, and the stock market has some attractive opportunities for long-term investors. In this video, Matt Frankel, CFP® and Tyler Crowe share the stocks they're planning to buy very soon.
*Stock prices in the video are as of Jan. 6, 2023. The video was published on Jan. 9, 2023.
10 stocks we like better than GrafTech International Ltd.
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and GrafTech International Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2022
Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has positions in GrafTech International. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In this video, Matt Frankel, CFP® and Tyler Crowe share the stocks they're planning to buy very soon. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * They just revealed what they believe are the ten best stocks for investors to buy right now... and GrafTech International Ltd. wasn't one of them!
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has positions in GrafTech International.
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In this video, Matt Frankel, CFP® and Tyler Crowe share the stocks they're planning to buy very soon. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Matthew Frankel, CFP® has no position in any of the stocks mentioned.
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In this video, Matt Frankel, CFP® and Tyler Crowe share the stocks they're planning to buy very soon. * They just revealed what they believe are the ten best stocks for investors to buy right now... and GrafTech International Ltd. wasn't one of them! Their opinions remain their own and are unaffected by The Motley Fool.
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d08c4067-ccd1-44a6-b2a9-6c95015b4ad9
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723321.0
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2023-01-05 00:00:00 UTC
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3 Top Income Stocks to Buy for 2023
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DEA
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https://www.nasdaq.com/articles/3-top-income-stocks-to-buy-for-2023
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2022 was a tough year for the stock market, and that's even true for some of the most rock-solid dividend stocks. Despite excellent profitability and consistent cash flow, some of the best-run dividend stocks are down by 20%, 30%, or more over the past year.
With that in mind, now could be an excellent opportunity to add shares of some excellent dividend stocks while they're on sale. These stocks not only have the ability to produce outstanding total returns over time, but can also give you the peace of mind that comes with investing in excellent businesses with relatively low volatility. Here are three, in particular, that look especially attractive right now.
The long-term trends remain very strong
To put it mildly, the industrial real estate subsector was on fire in 2020 and 2021. As the world was facing COVID-19 disruptions, e-commerce surged and demand for logistics space soared. And rent skyrocketed. Industrial real estate investment trust (REIT) EastGroup Properties (NYSE: EGP) reported rent increases of 39.4% year over year in the most recent quarter on both new and renewal leases.
However, the recent slowdown in consumer spending, combined with fears of a 2023 recession, have caused the sector to cool off a bit. Plus, there are fears that industrial REITs built too many properties during the boom, which could lead to oversupply problems.
These are temporary concerns. EastGroup's portfolio is 99% leased, and even its six just-completed properties were 94% leased upon completion. Plus, the long-term trend for e-commerce is strong, with the percentage of retail sales coming from e-commerce still only about 15%. With EastGroup down by one-third from its 52-week high and offering a 3.3% dividend yield, now could be a great time to take a closer look.
You couldn't ask for a more stable tenant base
Easterly Government Properties (NYSE: DEA) is a unique REIT because it owns a variety of property types, but virtually all of them are leased to a single tenant -- the United States government. The company owns 95 properties leased to various government agencies, which gives it an extremely stable and predictable stream of rental income.
The stock is down by 37% from its highs, despite the stability, and there are a couple of reasons why. First, the cost of capital has increased significantly as interest rates have risen, making near-term growth more challenging. And second, because it's so stable, Easterly trades more like a bond, in the sense that investors buy it for its yield, which moves up and down with prevailing rates.
Since price and yield have an inverse relationship, Easterly's stock price has come under pressure, even though the business continues to deliver steady profitability. Because of its depressed share price, Easterly currently has a 7.2% dividend yield, making it attractive from an income perspective. It also has upside potential in the stock price.
Real estate yields without the individual stock risk
Last but not least, if you're not comfortable taking the risk involved with choosing a specific REIT, why not just buy them all? The Vanguard Real Estate ETF (NYSEMKT: VNQ) is an exchange-traded fund, or ETF, that tracks the real estate sector.
Because of the 2022 declines, the ETF has an excellent yield of about 3.8% and the upside potential that comes with exposure to some of the largest and strongest REITs in the market. Top holdings include companies like American Tower, Prologis, Equinix, and many more.
The bottom line is that yield-oriented investments like REITs generally had a terrible 2022, and now could be a great time to take advantage of a rare opportunity to buy rock-solid dividend stocks (or the ETFs that track them) at a discount.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2022
Matthew Frankel, CFP® has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends American Tower, EastGroup Properties, Equinix, Prologis, and Vanguard Specialized Funds-Vanguard Real Estate ETF. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You couldn't ask for a more stable tenant base Easterly Government Properties (NYSE: DEA) is a unique REIT because it owns a variety of property types, but virtually all of them are leased to a single tenant -- the United States government. These stocks not only have the ability to produce outstanding total returns over time, but can also give you the peace of mind that comes with investing in excellent businesses with relatively low volatility. The bottom line is that yield-oriented investments like REITs generally had a terrible 2022, and now could be a great time to take advantage of a rare opportunity to buy rock-solid dividend stocks (or the ETFs that track them) at a discount.
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You couldn't ask for a more stable tenant base Easterly Government Properties (NYSE: DEA) is a unique REIT because it owns a variety of property types, but virtually all of them are leased to a single tenant -- the United States government. Industrial real estate investment trust (REIT) EastGroup Properties (NYSE: EGP) reported rent increases of 39.4% year over year in the most recent quarter on both new and renewal leases. The Motley Fool has positions in and recommends American Tower, EastGroup Properties, Equinix, Prologis, and Vanguard Specialized Funds-Vanguard Real Estate ETF.
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You couldn't ask for a more stable tenant base Easterly Government Properties (NYSE: DEA) is a unique REIT because it owns a variety of property types, but virtually all of them are leased to a single tenant -- the United States government. Industrial real estate investment trust (REIT) EastGroup Properties (NYSE: EGP) reported rent increases of 39.4% year over year in the most recent quarter on both new and renewal leases. 10 stocks we like better than Easterly Government Properties When our award-winning analyst team has a stock tip, it can pay to listen.
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You couldn't ask for a more stable tenant base Easterly Government Properties (NYSE: DEA) is a unique REIT because it owns a variety of property types, but virtually all of them are leased to a single tenant -- the United States government. Industrial real estate investment trust (REIT) EastGroup Properties (NYSE: EGP) reported rent increases of 39.4% year over year in the most recent quarter on both new and renewal leases. Because of its depressed share price, Easterly currently has a 7.2% dividend yield, making it attractive from an income perspective.
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2023-01-04 00:00:00 UTC
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"Motley Fool Money" 2023 Investing Preview
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https://www.nasdaq.com/articles/motley-fool-money-2023-investing-preview
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In this podcast, Motley Fool senior analysts Jason Moser and Matt Argersinger discuss:
Industries and trends that investors should be watching.
Why the CEOs of Amazon, Starbucks, and Twilio could be on the hot seat.
Two stocks poised for upside.
Keeping online streaming and "buy now, pay later" businesses on a short leash.
Why they aren't worried about Blackstone, Home Depot, or Johnson & Johnson.
Potential surprises for investors in 2023.
Why Live Nation and nCino could both be acquired.
One trend and one stock that investors will have to be very patient with.
Reckless business predictions involving crypto, Elon Musk, and Warren Buffett.
Two stocks on their radar: Topgolf Callaway and Easterly Government Properties.
Want even more stock ideas? Get a free copy of The Motley Fool's "5 Stocks Under $49" report by going to www.fool.com/report.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Walmart
When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
Stock Advisor returns as of December 1, 2022
This video was recorded on Dec. 30, 2022.
Chris Hill: It's a brand new year for investors, Motley Fool Money starts now.
From Fool Global headquarters, this is Motley Fool Money. It's the Motley Fool Money radio show. I'm Chris Hill joining me in studio Motley Fool senior analysts Jason Moser and Matt Argersinger. Good to see you as always, gentlemen.
Jason Moser: Yeah.
Matt Argersinger: Hi, Chris.
Chris Hill: It is our 2023 preview. We've got stocks to watch, stocks to avoid, CEOs on the hot seat, and of course, as we do every year, we're going to make a few reckless predictions. But Matt, let's go wide to start with: What is an industry that investors should be watching in the new year?
Matt Argersinger: I'm going to be a bit of a Homer on this one, Chris, because you know I like real estate, but I think REITs -- real estate investment trusts -- in general are one area of the market investors really need to pay attention to. They're trading at huge discounts to their net asset values as a whole. REITs tend to do quite well during inflationary times, in periods of higher interest rates. That might not seem apparent right now because a lot of them are really beaten down, and that's really the point. I'm seeing some of the best valuations in years.
You can find a slew of very strong REITs paying 5%-plus dividends, and maybe that doesn't sound very good in a time when risk-free Treasuries are trading at 4% yields, and you can get those and not have to worry about any risk. But with REITs, you also get growth. You get earnings power, you get assets. These are companies that are growing their net operating income, growing their dividends over time, and I think if you look back to late 2022, early 2023, I think this is going to be a great time to pick up REITs and build a sustainable, growing income stream for your portfolio.
Chris Hill: After the stock market we just went through over the past year, 5% growth sounds phenomenal to me. Jason, what about you? What's an industry you think folks should be watching?
Jason Moser: I think it's going to be very interesting to see how the retail and consumer discretionary market shakes out here. I mean, I think we've got a year coming up here where rates should remain materially higher, the prospects for any additional stimulus are pretty much off the table now. We've seen the downside of that, and the consumer is just finding themselves in a bit of a tougher spot now. I've talked about this data before, but I mean, the personal savings rate's now at just 2.3%, and you've got to go all the way back to July, I think, of 2005, when it was lower. Credit card balances set to cross over $1 trillion for the first time ever, and more Americans now than ever before are living paycheck to paycheck -- 60% today versus 56% a year ago. I think this is just going to force consumers to be a bit more thoughtful about how they spend their money, and I think it's going to create some winners and losers in the consumer discretionary and greater retail space.
Chris Hill: Well, and the thing about retailers, we're going to get the not the full report card, but we're going to get some early indications, late January, early February, as some of the major retailers start to share how they did over the holidays.
Jason Moser: Yeah, and it does feel like while consumers are spending, they're starting to get tapped out. So I think we're going to probably see some modest numbers for this holiday season, not too good, not too bad, a Goldilocks thing. But yeah, going for 2023, at least in the front half, it feels like consumers are going to be in recovery mode.
Chris Hill: Let's move on to trends. Matt, what's a trend that you're excited about this year?
Matt Argersinger: I think this is one -- and of course, I guess we can talk about the pandemic as well -- but the idea of reshoring, on-shoring, bringing a lot of manufacturing back to the U.S. There is a real thing of moving from what was the just-in-time manufacturing of recent decades to just-in-case manufacturing, and we got to a situation post-pandemic where we were dealing with all these supply chain pressures, inventory problems, logistical issues. I think there's a greater sense among companies in the United States that manufacture, that we need to bring some of that back home.
We need to bring some of that back to the U.S. There was a recent survey by Thomas Company that surveyed 709 manufacturers, and 83% of them said they were either likely or very likely to bring some of their manufacturing back to the U.S. I think that's a big trend. The Taiwan Semiconductor plant that they're building out in north Phoenix, the major investments we're making there. Now that's a foreign company, but that's I think, a good poster child for what this trend could be like in the years to come. If even just 5% or 10% of the manufacturing that was outsourced in the previous decade comes back, you're talking massive job growth, massive investment in the country.
Chris Hill: Well, and it was the pandemic and it was also, early in 2022, with Russia's invasion of Ukraine. As you indicated, there are a lot of companies that we're figuring out where they were getting all their different parts from.
Matt Argersinger: That's right, and that's another big catalyst I think.
Chris Hill: What about you, Jason, a trend you're excited about?
Jason Moser: Yeah, keeping my eye on connected TV, the CTV, we talk a lot about here. The advertising that comes with it. For example, I mean, this is a company that really benefits from this, is The Trade Desk. You've got to search through their Analyst Day transcript from October, and just the term "CTV" was mentioned 89 times. It's just a big driver for their business, and it's accelerating. You see most of the big traditional media companies noted back at the beginning of 2020 that they felt like they had time -- there's going to be a 7-year process and seeing us flipping away from the cable model and more toward connected TV. They were preparing their investments accordingly. But what we're seeing now is this has really accelerated more quickly than they even estimated, and ultimately, they view this as something that they have less than three years, really, to make this transition fully to adopting that connected TV strategy.
When you look at the past versus the future -- I mean, before you had Roku, Hulu, and YouTube, which made up 46% of the U.S. connected TV ad market in 2020. Now that's down to about 33%, and it's not because they're losing business, because of poor performance. It's because we have more players in the space now than ever before. I mean, you've got Peacock, Paramount Plus, Netflix diving in, Disney+, Amazon among others. You see this over-the-top ad spend market. It's poised to grow from $6.3 billion this year to just over $11 billion by 2024. A lot of money being spent in this connected TV market, for sure, and I think that's one that investors ought to keep an eye on.
Chris Hill: You look at the early data that we've gotten out of Netflix and their initial foray into the ad tier. It's starting off slowly, but maybe that gives them something to build on.
Jason Moser: I think so, and I mean, honestly, I'm not surprised at all by that. They really put this thing out there very quickly. We always refer to Reed Hastings as the smartest guy in the room when it comes to streaming. But this is a reactive move for them to incorporate an advertising tier. Maybe he's not the smartest guy in the room when it comes to actually building an ad-supported platform. But he's still a really smart guy. I think that you give them a little time, they'll roll this out. It will be very effective and a nice contributor to their business.
Chris Hill: Every year, we see CEOs leave, either of their own accord or they're pushed out. When you think about 2023, Matt? Who is a CEO whose seat is getting warmer?
Matt Argersinger: Definitely getting warmer, not hot, but getting warmer: Andy Jassy, CEO of Amazon. This is a little unfair -- guy has only been in the seat for about 18 months. But if you think about some of the great leadership handoffs in history -- and I'm talking, you're going from a legendary, iconic CEO, maybe a founder, giving the ring to someone else, it generally doesn't go well. I'm thinking back to Jack Welch to Jeff Immelt, Bill Gates to Steve Ballmer, Howard Schultz to literally anyone at Starbucks, and -- unfair, but most recently -- Bob Iger to Bob Chapek. But I think the only one in recent history that's worked out in my mind is Steve Jobs to Tim Cook, which I think everyone agrees.
Jason Moser: With pushback. And Craig Jelinek has been quite an effective CEO for Costco, taking over for [James] Sinegal. That was a little while back though.
Matt Argersinger: That's a good one too. Anyway, it is hard to find good examples. I think that automatically puts pressure on Jassy, but remember, he's coming from AWS and he did a spectacular job there. But now he's trying to rightsize this massive retail operation at Amazon. I just think, how much of a leash are shareholders going to give them? The stock's down quite a bit since he took over, kudos to Jeff Bezos for getting out near the top, just like Bob Iger did a couple of years ago. But I think it's a big challenge for him and it may not go as easy as people think.
Chris Hill: What about you, Jason?
Jason Moser: Have you ever noticed that Jassy sounds like Bezos? Like their voice, their intonations. Like, if you just close your eyes and listen to an interview with Andy Jassy, and then listen to an interview with Jeff Bezos. Just close your eyes. You listen to them, they really sound alike.
Chris Hill: Does Jassy have the maniacal laugh too?
Jason Moser: That's what I think he needs.
Matt Argersinger: That's what he's missing.
Jason Moser: That's what he's missing. But otherwise, it's really interesting. Maybe that's just because they worked so closely together for so long. But yeah, I think like Matty. I mean, I don't know that this is necessarily a hot seat, but it is getting warmer: Jeff Lawson at Twilio. Twilio is a good business and the suite of offerings that it has, but now is the time for them to focus on making some actual money. The clock is ticking, investors are ready. The key narrative of their Investor Day in November, one thing they can do to help this cause -- bring that stock-based compensation down.
That's something that we see with a lot of these tech businesses that come to the market so quickly. You've got to attract a capable workforce, and stock-based compensation is a way to do that, but they have committed to bringing that down. They have committed to delivering full-year non-GAAP operating profitability starting in 2023, and that's the next step. I think investors will view this business a little bit differently once they hit that target. But they've got to hit that target. It's one thing to say it, it's another thing to do it, and if we see signs that this isn't going to happen, I mean, Lawson's going to have some serious questions to answer. And he's protected with the dual-class share structure. But that doesn't stop those questions from coming in, that seat from getting warmer.
Chris Hill: Matty made the joke about Howard Schultz at Starbucks. But let me just suggest that I actually think that Schultz as the interim CEO is actually on the hot seat for the first three months of 2023, because Laxman Narasimhan takes over on April 1 as the CEO, and I think Schultz needs to hand him the keys to the corner office, take a bow, get off the stage, and disappear forever -- and if he doesn't do that, it's just causing problems for the next year.
Matt Argersinger: Probably right.
Chris Hill: Up next, a few stocks with upside potential and a few stocks with, the opposite. Stay right here. You're listening to Motley Fool Money.
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Chris Hill: Welcome back to Motley Fool Money. Chris Hill here in studio with Matt Argersinger and Jason Moser. It is our 2023 preview. Matt, what is a stock or industry that you think is poised for upside in 2023?
Matt Argersinger: I mentioned Andy Jassy a little while ago. He had a warning about excess capacity in Amazon's warehouse space back in the spring, which really cast a shadow over the warehouse real estate industry. All the REITs in that space have been down 40% to 50% since he made that proclamation. Investors read too much into that. I think we still have a dire need of more warehouse and fulfillment space, in the U.S. in particular. E-commerce is still going to take retail market share over time. More and more companies are adopting omnichannel sales approaches to their businesses, and if I'm right at all about that reshoring/onshoring trend, we're going to need more manufacturing and warehouse space in this country. So if I look at companies like Prologis, the biggest industrial REIT, Easterly Government Properties, one I like a lot, STAG Industrial -- I think those are all industrial REITs that are poised to do really well in the years to come.
Chris Hill: Jason, what about you?
Jason Moser: Well, continuing on with my excitement about connected TV, I think The Trade Desk is poised for a better yield this year. Like many stocks, it's down around 50% this year.
Chris Hill: You'd hate to think it's going to be a worse year.
Jason Moser: I hope not. The nice thing about Trade Desk is it's a profitable business. It makes money. They've crossed that hurdle and left it in the rearview. They continue to invest in the business, but it generates cash and makes money. So it's a little bit less of a speculative type of investment, but again, you look at the tailwinds forming in connected TV, and you look at the role that The Trade Desk plays in it. They'll be working very closely with Disney on its offering. Calling for around $490 million or better for this final quarter of the year. That would peg them at around $1.5 billion in revenue for the full year, up from just under $1.2 billion a year ago. Smart leadership in co-founder Jeff Green. It's a business that I own personally in my portfolio. Whenever you think of the tailwinds in connected TV, one of the first companies that comes to my mind is The Trade Desk.
Chris Hill: Matt, what is a stock or an industry either to avoid or, at a minimum, keep on a very short leash?
Matt Argersinger: So I don't think this is pushing back on Jason's connected TV idea, because I think the advertising interplay is different than what I'm talking about, but he said it earlier, with so many new players in the space. If you go back 10 years ago with streaming TV, I think you had Netflix and HBO, and then you had all these nascent emerging players. Well, now you've got Prime Video, which is huge. Jason mentioned Peacock, Paramount Plus, Disney Plus, Apple, Hulu, YouTube TV, which I think just is going to bid $2 billion to $3 billion to get the NFL Sunday Ticket, as far as we know. But I just feel like there's so many competitors now, so many choices, only so many hours in a day for someone to really consume all this amazing content that's being made. Meanwhile, that content is becoming more and more expensive to make -- especially the live TV stuff like the sports. I just worry that the industry players themselves might be heading to a marginal profit of zero over time unless there's consolidation, unless there's a change, because right now, I think there's just too many players, and I think the consumer is getting to the point where it's like, "Wait a second. I've got five or six of these things. I only really watch one or two. What am I doing paying for all this stuff?"
Chris Hill: Well, in 2022 we've seen CEOs -- you look at David Zaslav at Warner Bros. Discovery just talking about the cost of content -- in some cases just saying, "No, I'm not writing these checks for everything for the rest of time." Bob Iger has hinted as much at Disney as well. So if you think about larger companies like that, it makes it even tougher for the Paramount Pluses of the world.
Matt Argersinger: I think it's been an amazing time as a consumer of entertainment. I just think it's going to be a tough time for the entertainment companies themselves.
Chris Hill: Jason, what are you keeping on a short leash or avoiding altogether?
Jason Moser: Well, Chris, you know how I feel about "buy now, pay later."
Chris Hill: Not a big fan.
Jason Moser: I'm not the biggest fan in the world. I think there are reasons to be concerned. You go back to just the middle of the year. Klarna, which is one of the bigger players in this space is the pure-play buy now, pay later platform. They raised $800 million in new funding at a $6.7 billion valuation. Now that sounds great until you recognize that the previous year, that valuation stood at $45.6 billion. That is insane to think of. When you look at the other businesses out there that are playing in this space -- PayPal building its own homegrown offering and benefiting from it a little bit, but then you look at something like Block, where Block made that Afterpay acquisition, $30 billion.
The gross merchandise volume for their buy now, pay later platform was $5.4 billion this most recent quarter. That was up just 10% from a year ago. It just feels like this is a lifeline when you're running out of options, and that's never a good thing. There was a study conducted by researchers at the University of Washington, University of California-Irvine, and the Singapore Management University: They found that buy now, pay later services, using these services results in more bank overdraft charges, credit card charges, and credit card late fees. All of these ding the consumer.
Matt Argersinger: It's like "buy now, default later."
Jason Moser: Essentially, that's what it's starting to feel like. The scary part is that spending with buy now, pay later platforms, with these tools, it's projected to reach $1 trillion by 2025. Man, I just don't feel like that ends well.
Chris Hill: Let's go to the other end of the spectrum. Matt, what is a stock that you're just not worried about? Maybe it's not shooting to the moon, but you're not checking on it every week?
Matt Argersinger: It's Blackstone for me. It's a stock I've owned for a little bit now. They've been in the news lately for some wrong reasons. They slowed the rate at which investors could withdraw from one of their big funds -- that spooked a lot of investors. You saw Blackstone's stock drop quite a bit. This is one of the smartest, best asset managers on the planet with a great track record. This is normal course of business for them when times get a little distressed. I'm not worried at all about Blackstone. I think they're going to be just fine.
Chris Hill: Jason, what about you?
Jason Moser: Home Depot. That's the one that stands out to me. I used 2022 as the year to actually establish my position in Home Depot, bought it in my retirement portfolio with the intention of holding it hopefully forever. I'd like to be able to pass that one on, if possible. But if you go back to our preview show for 2022, the industry or stocks that I was excited about was home improvement, and interestingly enough, Home Depot and Lowe's have both underperformed this year, underperformed the market. Obviously, it has been a very difficult year, but again, like I said, I used that as an opportunity to build a position in Home Depot. Home improvement space is so resilient. It's very reliable. Housing is just going to be something that underpins our economy for the rest of our days, and Home Depot and Lowe's stand to benefit tremendously from that through time.
Chris Hill: I'll just add in Johnson & Johnson. It actually outperformed the S&P 500 by about 15 percentage points in 2022. They're splitting off the consumer business in November. I'm not worried at all. Our 2023 preview is going to roll on after the break, so stay right here. You're listening to Motley Fool Money.
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Chris Hill: Welcome back to Motley Fool Money. Chris Hill here in studio with Jason Moser and Matt Argersinger. It is our 2023 preview, which I'll just point out we're recording a few days early before the end of the year, so just do us a favor and keep that in mind in case there are any last-minute announcements from any of the companies that we talk about.
The way the market has gone in 2022, obviously, not fun for us as investors, but it does offer a nice advantage that we have as long-term investors, and that is the fact that there are a lot of great companies out there that are back at levels that they haven't been at in years.
Our investing team actually put together a report of five companies that have all fallen below $49 a share and the report is free, you can get it just by going to fool.com/report and you just get immediate access to the report, which I will point out creatively is called "Five Stocks Under $49," so shout out to whoever named that report. Again, just go to fool.com/report.
Jason, we're going to start with a round of fill-in-the-blank. "In 2023, 'Blank' is going to surprise a lot of investors."
Jason Moser: I think it's Salesforce is going to surprise a lot of investors in the good way, not the bad way. Chris, let's be "glass half full." It sounds like a broken record, but yeah, tough year, stock is down around 50% this year. We have seen just a mass leadership exodus from this company recently. Marc Benioff lost his co-CEO, Bret Taylor, I think it was the second co-CEO in three years. Stewart Butterfield from Slack, Tablo President CEO Mark Nelson. There's a Bloomberg report that at least a dozen in the company's leadership ranks have announced resignations since October.
This just raises a lot of questions as to what really is going on inside the building. They're starting to feel some heat on margins, investors demanding a little bit more on the profitability side. I think Benioff's up to the task. I think he's taking a lot of this very seriously. It does look like they are assessing the workforce and trying to maybe rightsize the business as well, and I think that all will ultimately work out well for shareholders. Very good business, it's just a very tough year.
Chris Hill: Matt, it can be a company, a CEO, an industry. What do you think is going to surprise investors?
Matt Argersinger: I'm actually going big macro here, Chris. I think inflation is going to surprise a lot of investors, but the opposite way. I think by the second half of 2023, we're actually going to be talking about deflation more than inflation. I think you see a lot of the big headline inflation numbers rolling over now, especially on the commodity side. I think rents are really slowing, housing prices we know are probably going to come down a little bit. And if we do get an economic downturn, which a lot of people are pointing to, we could be in a situation, I think, by the second half where we are in a recession and the concern is no longer inflation, it's deflation. And who knows at that point -- because I never know what they're doing -- what the Fed might be doing with interest rates or where the interest rates might be in the economy. But I think, probably at this point, because inflation has stuck around a lot longer than we think, that a lot of investors assume that that's going to be the case, that we're going to have years of elevated inflation. I think signs point to... it might be the opposite.
Chris Hill: Well, if it's any solace to you, no one really knows what they're doing over there at the Fed. There you go. Jason: "This time next year, I think I'm going to regret not owning 'Blank.'"
Jason Moser: Probably CrowdStrike. Cybersecurity for me is just a tough one to understand fully. Threats are always changing, and I fully know that I'm not an expert in this space. As such, I probably won't buy shares of CrowdStrike either just because it's not a business I'm fully comfortable in understanding. Now with that said, this is clearly a business that's making waves in the space. Enterprise clients -- I think the stock is having a tough time right now because enterprise clients are being very thoughtful about their budgets and they're not spending as much right now.
But the business itself, combined machine learning and AI, and behavioral analytics; strong leader at the helm, they've got the co-founder CEO George Kurtz. He has a lot of experience in the space, and I think that the nature of cybersecurity is not optional. It is a requirement in this day and age, and that is only going to become more the case as time goes on. You see CrowdStrike obviously having a difficult year, I think that ultimately changes down the road. Again though, for me to get exposure in that cyberspace, I almost feel like I would just need to buy an ETF and call it a day.
Chris Hill: But earlier in the show we were talking about connected TV and advertising. Pulling back on marketing spend, that's a lever that a lot of businesses across a range of industries are pulling. To your point, don't cheap out on cybersecurity. What are you just feeling?
Jason Moser: You get what you pay for in that case.
Chris Hill: Matt, what do you think people are going to regret not owning a year from now?
Matt Argersinger: Well, I think I'm going to regret probably not owning Prologis. This is me being silly with stock investing in the sense that I've been waiting for a lower price. This stock, I've been anchoring to the $100 stock price on this company. As we're taping, it's like $110. It's the world's biggest REIT, I think, at this point. it's certainly the world's biggest industrial REIT. For all those things I said earlier about the need for more warehouse space, rents in that space are going to be growing bonkers. It is just such a well-managed company throughout decades, it's been a huge outperformer. For whatever reason, I tend to own the smaller REITs in that space, and so I've neglected Prologis, but I know for a fact, probably a year from now, I'll regret not buying Prologis today.
Chris Hill: One thing that we see as investors in good times and certainly in recessionary times is larger businesses buying smaller businesses. Jason: "In 2023, don't be surprised if 'Blank' buys 'Blank.'"
Jason Moser: I would not be surprised at all to see Thoma Bravo, the private equity firm, buy nCino, which is the banking software company. And nCino, they have software that automates and streamlines complex processes at banks. They utilize data analytics, AI, machine learning, all that stuff, to ultimately enable banks and credit unions to onboard clients make loans, manage the loan life cycle, open accounts. To me, this seems like a business very much in line with what Bravo's interested in. It wasn't all that long ago they bought Ellie Mae, for example. But you look at nCino -- again, tough year. Guiding for $400 million in revenue this year, now at a $2.8 billion market cap. This is something I think that would be well within Bravo's capability. It would not surprise me at all to see this happen.
Matt Argersinger: Nothing to do with Encino Man -- great early '90s comedy movie.
Jason Moser: So good, so good.
Chris Hill: Matt, what about you?
Matt Argersinger: Don't be surprised if Blackstone, Starwood, insert your favorite private-equity company, buys Live Nation. Live Nation has been in the news lately. They've got their Ticketmaster controversy going on. There's calls to break up the company. They own some really great properties. I could see a private-equity company coming in, buying them at a distressed price, spinning off Ticketmaster, and then owning those great assets and that performance business. And it's one company I've been looking at to buy, but I feel like there's a lot of controversy around it right now, but not too much for a larger company to come and probably take out.
Jason Moser: They put those Tay-Tay fans on full tilt.
Chris Hill: You don't want to anger the Taylor Swift fans. That's right. All right, last one, Jason: "One thing you're going to have to give some time to is 'Blank.'"
Think of this as maybe a trend or a company, a business that, as you like to say, you're going to have to pack a lunch on this one.
Jason Moser: Well, speaking of food, I'm going to go back to our Thanksgiving show and my slice of humble pie: AppHarvest and controlled-environment agriculture. I think this is absolutely part of our future in our food supply chain. I think that we have a growing population, limited resources. People care more than ever before about the food that they're eating. And controlled-environment agriculture really is one way to help shore up food supply chain issues. It is something that's going to take a long time though. My mistake in that investment was being way too early to the game.
Now, SPACs enabled that. For all of the interesting companies that SPACs have brought to the market, the nature of SPACs means that they're just coming to the market far earlier than they really probably should, and that was one of the big lessons I've learned. Now, I will say I am still an AppHarvest shareholder, and I continue to hold my shares, and will continue to hold my shares because I've always viewed this as a 10-year investment thesis. It's super-long-term investing. But it is something, if investors are interested in controlled-environment agriculture, I think it's got a lot of potential, but it's also going to take a long time.
Chris Hill: Two quick things. This is a stock I own as well. It has gotten knocked down to the point where I look at it now and I wonder, is this a company that two years from now is going to be a stand-alone public company? Not because I think it's going to zero, but I think that there's enough there and the stock price is low enough that I'm wondering if someone is going to swoop in and buy them.
Jason Moser: Yeah. That thought has definitely entered my mind as well. I am not concerned with them as a going concern. They've locked up a lot of really important funding, and some FDA-backed loans as well. They've got the right people on their side, but it is something that strikes me that very well could be an acquisition target, and if that's the case, well, so it goes.
Chris Hill: The second thing -- after a year like 2022, as an investor, I don't think I'm alone in looking for silver linings. Am I wrong in thinking that a silver lining is that SPACs as an idea have really been pushed to the back burner, that I think at least over the next couple of years, we're just going to see a lot fewer companies going public via SPAC?
Jason Moser: Yeah, I think that's fair. I think we're out of that free-money environment now, and, yes, SPACs -- very, very interesting opportunities, but clearly they have underperformed in a major way, and I think that just all goes back to the nature of SPACs. You just get these companies far too early in their development, they're not established yet.
Matt Argersinger: The contrarian in me does think, though, that the industry -- it's so maligned right now that maybe, SPACs going forward now, there might be some opportunities there.
Chris Hill: Matt: "One thing you're going to have to give some time to is 'Blank.'"
Matt Argersinger: Renewable energy. I think we got all excited in recent years, the past decade now, about what solar technologies, wind power technologies, even fusion now -- which has been in the news recently -- could do for energy production in the country, in the world. And I just think the reality is, we've learned that these technologies are fantastic, but they're highly capital-intensive, they're not very efficient still. Our power grid, our transportation systems, logistics systems are going to rely on fossil fuels probably for the majority of their power generation for many years still. So as excited as we were about these technologies and what they could do for the environment and for the economy, I think that's one of those areas where we perhaps step back and say, well, the reality is, "Hey, oil and gas, hate to say it, here to stay probably for a lot longer than we think."
Chris Hill: Some business shows err on the side of caution, but not us. After the break, we've got our reckless predictions for 2023. Stay right here. This is Motley Fool Money.
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Chris Hill: As always, people on the program may have interests in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. Welcome back to Motley Fool Money. Chris Hill here in studio with Jason Moser and Matt Argersinger. We're wrapping up our preview for 2023. Reckless prediction time, Jason. We got two categories this year -- one for business, one for non-business. What is your reckless business/investing prediction for 2023?
Jason Moser: Well, I think that Elon Musk will abide by the poll and actually step down as Twitter CEO. Maybe that's not so reckless. But Chris, you know who is going to be the CEO of Twitter when he does step down?
Chris Hill: Do tell.
Jason Moser: Sheryl Sandberg.
Chris Hill: Really?
Jason Moser: There you go.
Chris Hill: She's going to leave Meta Platforms?
Jason Moser: She's already gone. She left Meta.
Chris Hill: Yeah, that's right.
Jason Moser: With experience with [Alphabet's] Google, her experience with Meta. Musk has tried to poach her before. He tried to poach her actually while she was working at Meta for Tesla. I think he might get her.
Chris Hill: Matt?
Matt Argersinger: This is not mean. I don't want to offend any of the crypto fans.
Chris Hill: Oh, my goodness. Here come the emails.
Matt Argersinger: But I do think there is a small but realistic chance that Coinbase Global goes to zero.
Chris Hill: Zero.
Matt Argersinger: It's not because I hate Bitcoin or cryptocurrencies, (and I do). It's really because if you look at their business, the vast majority of the revenue comes from retail investors trading cryptocurrencies, where they earn nice commissions in spreads from that trading. Fidelity either just launched or is in the process of launching a crypto trading platform with zero commissions, very low spreads, and I just have this feeling that it doesn't really matter what happens to cryptocurrency prices. The fact is that there's going to be less trading and that that trading is going to be a lot cheaper presents a serious problem for Coinbase, which is still, believe it or not, a $10 billion market cap company. I just think they're headed for a world of pain in 2023. I don't know if they'll go to zero, but I see a lot lower stock price there.
Chris Hill: I believe this was Ron Gross's reckless prediction on last year's show. But this time it's actually going to happen: Berkshire Hathaway in 2023 is going to announce that Warren Buffett is stepping down as CEO. He will stay on as chairman. And because it is Berkshire Hathaway, they will make this announcement in an SEC filing.
Matt Argersinger: Just an 8-K. That's it.
Chris Hill: The non-business investing category, reckless prediction. Jason, what do you got?
Jason Moser: Well, Chris, money talks as we all know, and I think in 2023, we will indeed get confirmation that a sequel to Top Gun: Maverick is in the works officially. But it gets better, because this sequel is going to star either -- or possibly both -- Bob Odenkirk and/or Bryan Cranston.
Chris Hill: I mean, those two guys make everything better.
Jason Moser: I know.
Matt Argersinger: Now I'd go see that one.
Chris Hill: I think shareholders of Paramount Plus would be thrilled with that. Matt, what do you have for the non-business investing?
Matt Argersinger: I think there's going to be a major sports betting scandal that's going to lead to insider trading rules for sports gambling. Bear with me on this. But if you think about how big the sports gambling industry has gotten, how easy it is, and the millions and tens of billions of dollars that are now involved in it. Just imagine you're an assistant coach on the Kansas City Chiefs. You will learn that Patrick Mahomes during the week of practice sprained his ankle. All of a sudden, you know that he's hobbled. He's probably not going to rush for the over-and-under on the 40 yards that he was supposed to do in this coming game. You pass it along to some friends. They bet on that. I just think the industry, the way it's evolving presents some serious challenges to insider knowledge. And we might get some regulation just like the SEC regulates stock trading.
Chris Hill: For team executives.
Matt Argersinger: But you'd even have to extend beyond that. But yes, certainly at least for team executives.
Chris Hill: Fascinating. Let's get to the stocks on our radar. Our man behind the glass, Rick Engdahl, is going to hit you with a question. Jason Moser, you're up first. What are you looking at?
Jason Moser: One that I've been talking a little bit about recently with Emily is Topgolf Callaway Brands. Ticker is MODG. Given my work history in golf, I've always been a bit hesitant to invest in golf because I know how expensive it is, how hard it is, and how a lot of people try it out, they suck at it, and then they promptly quit. It's always been a challenge from an investing perspective. But given the new name here, Topgolf Callaway Brands, you can see that they acquired Topgolf, which I think opens up a new audience to the game of golf. It gamifies it. It's a social thing as opposed to going out there and playing 18 or nine holes or whatever. I think it just opens them up to a new audience. It brings in food and beverage revenue as well. I also think it's pretty neat they have this golf-plus virtual reality experience. So it's something that I'm digging into for the augmented reality service.
Chris Hill: The ticker?
Jason Moser: MODG.
Chris Hill: You couldn't talk me into 18 holes of golf, but you could talk me into a trip to Topgolf, I'd do that with you.
Jason Moser: It's fun.
Chris Hill: Rick Engdahl, question about Topgolf Callaway.
Rick Engdahl: I tried golf, and I sucked at it, so I quit. So what's in it for me?
Jason Moser: Well, you need to go to Topgolf. I think that will change your view on things. Essentially, it's like bowling for golf. You can suck at it and still have a lot of fun.
Chris Hill: Also food and beverage?
Jason Moser: Yeah.
Chris Hill: Matt Argersinger, what are you looking at?
Matt Argersinger: Put this stock in the one that I just think is stupid cheap: Easterly Government Properties, ticker DEA. This is a REIT. Now, it's an office REIT, but they lease exclusively to federal agencies like the DEA, FBI, FDA, VA. It's essentially, you have a 7.5% dividend yield, essentially guaranteed by the federal government because that's who pays the rent to Easterly Government. It's a business that's growing because the GSA, which manages mostly government real estate, is slowly going to a leasing model instead of an owning model. I just don't understand why this company is so cheap, trading for 7.5% yield. I own shares, and I think I want to buy more.
Chris Hill: Rick, question about Easterly Government Properties?
Rick Engdahl: I'm sorry, I nodded off for a second.
Matt Argersinger: That's right. That's what you should do if you own Easterly Government Properties.
Rick Engdahl: Well, all right then. I guess I'm in good shape.
Chris Hill: How did they get the ticker symbol DEA?
Matt Argersinger: Well, I don't know how they got it, but it's certainly appropriate.
Chris Hill: Absolutely is. Rick, you got a stock you want to add to your watchlist?
Rick Engdahl: Not really, no.
Chris Hill: Not really? You couldn't be talked into food and beverage and a round of Topgolf?
Rick Engdahl: No. Well, I guess so. Sure. For the watch list?
Jason Moser: Beer's on me.
Matt Argersinger: Well, now you sold me.
Jason Moser: Well, that's a pull there.
Matt Argersinger: I know if someone's going to be buying the beer, it better be you because you've got good taste.
Jason Moser: Well, thank you very much, I appreciate it.
Chris Hill: It also says something about the golf industry that, given your experience working in it, you're like, "Yeah, this is not necessarily a great place to invest."
Jason Moser: It's a tough one. It's like grills. I love my Traeger, but I'm not buying that stock.
Chris Hill: Jason Moser, Matt Argersinger, guys, thanks so much for being here.
Jason Moser: Thank you.
Matt Argersinger: Thanks for us.
Chris Hill: That is going to do it for this week's Motley Fool Money radio show. You can drop us an email, podcasts@fool.com. That's podcasts@fool.com. This show is mixed by Rick Engdahl. I'm Chris Hill. Thanks for listening. We'll see you next time.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Chris Hill has positions in Alphabet, Amazon.com, AppHarvest, Block, Costco Wholesale, Home Depot, Johnson & Johnson, Lowe's Companies, PayPal, Starbucks, Taiwan Semiconductor Manufacturing, Trade Desk, Twilio, and Walt Disney. Jason Moser has positions in Alphabet, Amazon.com, AppHarvest, Block, Home Depot, PayPal, Starbucks, Trade Desk, Twilio, and Walt Disney. Matthew Argersinger has positions in Alphabet, Amazon.com, Blackstone, Block, Easterly Government Properties, Home Depot, Live Nation Entertainment, Netflix, PayPal, Roku, Stag Industrial, Starbucks, Trade Desk, Twilio, and Walt Disney and has the following options: short December 2022 $105 calls on Blackstone, short February 2023 $290 puts on Home Depot, short February 2023 $340 calls on Home Depot, short February 2023 $80 puts on Taiwan Semiconductor Manufacturing, short January 2023 $80 puts on Amazon.com, short January 2023 $95 puts on Prologis, and short March 2023 $85 puts on Blackstone. Rick Engdahl has positions in Alphabet, Amazon.com, Berkshire Hathaway, Block, Costco Wholesale, Live Nation Entertainment, Lowe's Companies, Meta Platforms, Netflix, PayPal, Roku, Salesforce, Starbucks, Trade Desk, Twilio, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Berkshire Hathaway, Bitcoin, Blackstone, Block, Costco Wholesale, CrowdStrike, Home Depot, Meta Platforms, Netflix, PayPal, Prologis, Roku, Salesforce, Stag Industrial, Starbucks, Taiwan Semiconductor Manufacturing, Trade Desk, Twilio, Walt Disney, and nCino. The Motley Fool recommends AppHarvest, Easterly Government Properties, Johnson & Johnson, Live Nation Entertainment, Lowe's Companies, Topgolf Callaway Brands, and Warner Bros. Discovery and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long January 2024 $145 calls on Walt Disney, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, short January 2023 $92.50 puts on Starbucks, and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Want even more stock ideas? Matt Argersinger: I think this is one -- and of course, I guess we can talk about the pandemic as well -- but the idea of reshoring, on-shoring, bringing a lot of manufacturing back to the U.S. There is a real thing of moving from what was the just-in-time manufacturing of recent decades to just-in-case manufacturing, and we got to a situation post-pandemic where we were dealing with all these supply chain pressures, inventory problems, logistical issues.
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Want even more stock ideas? Matt Argersinger: I think this is one -- and of course, I guess we can talk about the pandemic as well -- but the idea of reshoring, on-shoring, bringing a lot of manufacturing back to the U.S. There is a real thing of moving from what was the just-in-time manufacturing of recent decades to just-in-case manufacturing, and we got to a situation post-pandemic where we were dealing with all these supply chain pressures, inventory problems, logistical issues.
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Want even more stock ideas? Matt Argersinger: I think this is one -- and of course, I guess we can talk about the pandemic as well -- but the idea of reshoring, on-shoring, bringing a lot of manufacturing back to the U.S. There is a real thing of moving from what was the just-in-time manufacturing of recent decades to just-in-case manufacturing, and we got to a situation post-pandemic where we were dealing with all these supply chain pressures, inventory problems, logistical issues.
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Want even more stock ideas? Matt Argersinger: I think this is one -- and of course, I guess we can talk about the pandemic as well -- but the idea of reshoring, on-shoring, bringing a lot of manufacturing back to the U.S. There is a real thing of moving from what was the just-in-time manufacturing of recent decades to just-in-case manufacturing, and we got to a situation post-pandemic where we were dealing with all these supply chain pressures, inventory problems, logistical issues.
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2023-01-03 00:00:00 UTC
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23 Top Dividend Stocks to Buy and Hold in 2023
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DEA
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https://www.nasdaq.com/articles/23-top-dividend-stocks-to-buy-and-hold-in-2023
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No one knows for sure what the new year will bring for investors. However, it's a good bet that quite a few solid companies will continue paying dividends quarter after quarter.
Some of them could also have significant upside potential over the next 12 months. Here are 23 top dividend stocks to buy and hold in 2023.
Energy
Energy stocks led the S&P 500 in 2022 and could very well soar again in the new year. Many of them offer especially juicy dividends, to boot.
STOCK BUSINESS SUMMARY DIVIDEND YIELD
1. Brookfield Renewable Corporation (NYSE: BEPC) Renewable energy provider 4.6%
2. Brookfield Renewable Partners (NYSE: BEP) Renewable energy provider 5.2%
3. Chevron Integrated energy and chemicals producer 3.2%
4. Devon Energy (NYSE: DVN) Oil and gas producer 8.9%
5. Enterprise Products Partners Midstream energy services provider 7.8%
6. ONEOK Midstream energy services provider 5.7%
7. Pioneer Natural Resources (NYSE: PXD) Oil and gas producer 11.2%
Data source: Yahoo! Finance.
Note that the first two stocks on the list share the same underlying business. Brookfield Renewable Partners is a limited partnership (LP). The company created a separate stock organized as a corporation (Brookfield Renewable Corporation) to enable investors to avoid some of the tax hassles associated with LPs.
Also, the two stocks with the highest dividend yields -- Pioneer Natural Resources and Devon Energy -- pay a fixed-plus-variable dividend. The variable portion depends on the companies' excess free cash flow. Although there's no guarantee that Pioneer and Devon will be able to generate as much free cash flow in 2023 as they did last year, their chances appear to be pretty good.
Healthcare
Big pharma companies often pay solid dividends. These three definitely qualify -- and they each handily beat the market in 2022.
STOCK BUSINESS SUMMARY DIVIDEND YIELD
8. AbbVie (NYSE: ABBV) Biopharmaceutical company 3.7%
9. Bristol Myers Squibb Biopharmaceutical company 3.2%
10. Johnson & Johnson (NYSE: JNJ) Biopharmaceutical, consumer health, and medical devices company 2.6%
Data source: Yahoo! Finance.
AbbVie and Johnson & Johnson could be especially appealing to income investors because they're both Dividend Kings with at least 50 consecutive years of dividend increases. The new year will be one of big changes for the two companies.
AbbVie faces declining sales for its top-selling drug Humira due to biosimilar competition in the U.S. J&J plans to spin off its consumer-health unit in 2023. However, both stocks should continue to be winners for investors over the long term.
Real estate
Real estate investment trusts (REITs) are known for their high dividend yields. Below are some of the best REITs on the market.
STOCK BUSINESS SUMMARY DIVIDEND YIELD
11. Digital Realty Trust (NYSE: DLR) REIT focusing on data centers 4.8%
12. Easterly Government Properties (NYSE: DEA) REIT focusing on government properties 7.4%
13. Medical Properties Trust (NYSE: MPW) REIT focusing on hospitals 10.3%
14. Realty Income (NYSE: O) REIT focusing primarily on the retail market 4.7%
15. Rithm Capital (NYSE: RITM) REIT focusing on providing capital to financial services and real estate sectors 12.1%
16. W.P. Carey (NYSE: WPC) REIT focusing on multiple industries. 5.4%
Data source: Yahoo! Finance.
All of these REIT stocks fell in 2022, with some declining sharply. However, if the Federal Reserve stabilizes interest rates later this year, the stocks could enjoy nice rebounds.
Technology/telecommunications
Most tech stocks don't pay dividends. The ones that do tend to offer relatively low dividend yields.
Telecom stocks, on the other hand, often have attractive yields. The following stocks illustrate both points.
STOCK BUSINESS SUMMARY DIVIDEND YIELD
17. Apple (NASDAQ: AAPL) Consumer technology company 0.73%
18. Microsoft (NASDAQ: MSFT) Software and devices maker 1.2%
19. Verizon Communications (NYSE: VZ) Telecommunications provider 6.7%
Data source: Yahoo! Finance.
You probably won't buy Apple or Microsoft for their dividends. However, these two beaten-down tech stocks could roar back in 2023.
Verizon likely won't deliver the long-term growth that these tech giants will over the long term. However, it comes with a high dividend yield that income investors shouldn't ignore.
Other
The final members of our list of dividend stocks to buy and hold in 2023 span multiple sectors. All of them offer great dividends and solid long-term growth prospects.
STOCK BUSINESS SUMMARY DIVIDEND YIELD
20. Ares Capital (NASDAQ: ARCC) Business development company 10.3%
21. Brookfield Infrastructure Corporation (NYSE: BIPC) Infrastructure assets operator 3.7%
22. Brookfield Infrastructure Partners (NYSE: BIP) Infrastructure assets operator 4.6%
23. United Parcel Service Package delivery and logistics services provider 3.5%
Data source: Yahoo! Finance.
Note that Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners share the same underlying business (in a similar way that we saw earlier with the two Brookfield Renewable stocks). Investing in Brookfield Infrastructure Corporation doesn't have the tax complications of Brookfield Infrastructure Partners, which is a limited partnership.
Ares Capital ranks among the smallest on the list of 23 dividend stocks, with a market cap of under $10 billion. However, it also pays one of the highest dividend yields. The company believes it will be able to continue paying out its high dividend under multiple scenarios for the economy in 2023.
10 stocks we like better than Ares Capital
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Ares Capital wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Keith Speights has positions in AbbVie, Apple, Bristol-Myers Squibb, Brookfield Infrastructure, Brookfield Infrastructure Partners, Brookfield Renewable, Brookfield Renewable Partners, Devon Energy, Enterprise Products Partners, and Microsoft. The Motley Fool has positions in and recommends Apple, Bristol-Myers Squibb, Brookfield Renewable, Digital Realty Trust, and Microsoft. The Motley Fool recommends Brookfield Infrastructure, Brookfield Infrastructure Partners, Brookfield Renewable Partners, Easterly Government Properties, Enterprise Products Partners, Johnson & Johnson, ONEOK, Pioneer Natural Resources, United Parcel Service, Verizon Communications, and W. P. Carey and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (NYSE: DEA) REIT focusing on government properties 7.4% 13. Although there's no guarantee that Pioneer and Devon will be able to generate as much free cash flow in 2023 as they did last year, their chances appear to be pretty good. AbbVie faces declining sales for its top-selling drug Humira due to biosimilar competition in the U.S. J&J plans to spin off its consumer-health unit in 2023.
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Easterly Government Properties (NYSE: DEA) REIT focusing on government properties 7.4% 13. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Keith Speights has positions in AbbVie, Apple, Bristol-Myers Squibb, Brookfield Infrastructure, Brookfield Infrastructure Partners, Brookfield Renewable, Brookfield Renewable Partners, Devon Energy, Enterprise Products Partners, and Microsoft. The Motley Fool has positions in and recommends Apple, Bristol-Myers Squibb, Brookfield Renewable, Digital Realty Trust, and Microsoft.
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Easterly Government Properties (NYSE: DEA) REIT focusing on government properties 7.4% 13. Note that Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners share the same underlying business (in a similar way that we saw earlier with the two Brookfield Renewable stocks). See the 10 stocks *Stock Advisor returns as of December 1, 2022 Keith Speights has positions in AbbVie, Apple, Bristol-Myers Squibb, Brookfield Infrastructure, Brookfield Infrastructure Partners, Brookfield Renewable, Brookfield Renewable Partners, Devon Energy, Enterprise Products Partners, and Microsoft.
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Easterly Government Properties (NYSE: DEA) REIT focusing on government properties 7.4% 13. Also, the two stocks with the highest dividend yields -- Pioneer Natural Resources and Devon Energy -- pay a fixed-plus-variable dividend. The new year will be one of big changes for the two companies.
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723324.0
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2023-01-02 00:00:00 UTC
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Why a New Bull Market Is Likely in 2023 -- and 3 Stocks to Buy to Profit if It Comes
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DEA
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https://www.nasdaq.com/articles/why-a-new-bull-market-is-likely-in-2023-and-3-stocks-to-buy-to-profit-if-it-comes
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Wipe the slate clean. The old year is gone with its disappointments. A new year is here. There are new possibilities.
To be sure, some of the challenges of 2022 could carry over into the new year. However, there is some reason for optimism about the future. Here's why a new bull market is likely in 2023 -- and three stocks to buy to profit if it comes.
Image source: Getty Images.
History rhymes
Mark Twain is sometimes credited as saying, "History doesn't repeat itself, but it often rhymes." I'm not sure if the celebrated author actually ever said or wrote those words. However, they're true even if he didn't.
I think that the best reason to believe that a bull market is coming in 2023 is that history rhymes. In late December, I set out to find out how the stock market has performed in the past after a dismal year like the one we had in 2022.
The S&P 500 closed the year with a negative return a total of 23 times between 1940 and 2021. What happened in the following year? The index rose 19 times and declined only four times.
My analysis was even more interesting when I only focused on the years when the S&P 500 fell by 20% or more. (At the time I did this analysis, the index was down a little over 20% year to date.) Such a steep plunge happened six times between 1928 and 2021. In four of the following years after those declines, the S&P 500 soared by at least 23.5%.
Granted, the future might not mirror the past. Historically speaking, though, the chances of a good year for stocks after a bad year are pretty good. And the odds of a banner year following a horrible year (like we experienced in 2022) are pretty good as well.
Stocks to buy
Let's assume for a minute that this optimistic outlook becomes reality. What stocks should investors buy now to profit from a coming bull market? I suspect that many currently beaten-down stocks will skyrocket. However, three especially jump out to me.
First, I think that Amazon (NASDAQ: AMZN) will be a surefire winner in the next bull market. The stock is trading at its cheapest level in years. Many investors have thrown in the towel on Amazon because of its slowing growth.
However, the reasons behind this slowing growth are primarily due to macroeconomic headwinds that are only temporary. When a new bull market begins, it will likely be a good sign that those headwinds are abating or will soon die down. That should set the stage for Amazon's business -- and share price -- to take off in a major way.
The Trade Desk (NASDAQ: TTD) is another once high-flying stock that nosedived last year due to worries about the economy. However, the digital advertising leader actually delivered impressive revenue growth in the third quarter of 2022 despite the challenges.
Management expressed confidence about the company's prospects in 2023 in the Q3 update. If the overall market rebounds, The Trade Desk should rank among the biggest winners.
Returning to our "history rhymes" thesis, small-cap stocks have typically performed especially well in new bull markets. So have the stocks of companies that benefit from steady or declining interest rates (which would likely be present if a bull market materializes). Easterly Government Properties (NYSE: DEA) checks off both of these boxes.
The company is a real estate investment trust (REIT) that primarily leases properties to federal agencies. Easterly's market cap is only $1.3 billion, putting it well below the maximum threshold for a small-cap stock. Increasing interest rates make it more expensive for the company to borrow money to finance purchasing new properties. If interest rates stabilize or fall, investors would likely be much more bullish about the REIT.
Even if not...
What if history rhymes like free-verse poetry (that is, very little to not at all)? The good news is that even if a new bull market isn't on the way in 2023, Amazon, The Trade Desk, and Easterly Government Properties are still great stocks to buy and hold for the long term.
Each of these companies has solid underlying businesses. And with Easterly, you'll get a nice dividend yield of over 7.4% in the meantime. Whether or not a bull market begins in 2023, one will come sooner or later. Patient investors should profit from any of these three stocks.
10 stocks we like better than Easterly Government Properties
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*Stock Advisor returns as of December 1, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Amazon.com and Trade Desk. The Motley Fool has positions in and recommends Amazon.com and Trade Desk. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (NYSE: DEA) checks off both of these boxes. The company is a real estate investment trust (REIT) that primarily leases properties to federal agencies. Increasing interest rates make it more expensive for the company to borrow money to finance purchasing new properties.
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Easterly Government Properties (NYSE: DEA) checks off both of these boxes. What stocks should investors buy now to profit from a coming bull market? The good news is that even if a new bull market isn't on the way in 2023, Amazon, The Trade Desk, and Easterly Government Properties are still great stocks to buy and hold for the long term.
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Easterly Government Properties (NYSE: DEA) checks off both of these boxes. Historically speaking, though, the chances of a good year for stocks after a bad year are pretty good. The good news is that even if a new bull market isn't on the way in 2023, Amazon, The Trade Desk, and Easterly Government Properties are still great stocks to buy and hold for the long term.
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Easterly Government Properties (NYSE: DEA) checks off both of these boxes. A new year is here. Returning to our "history rhymes" thesis, small-cap stocks have typically performed especially well in new bull markets.
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4993ea72-59e8-4716-814a-c4c15eb5d666
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723325.0
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2022-12-21 00:00:00 UTC
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Sum Up The Pieces: VLU Could Be Worth $158
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DEA
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https://www.nasdaq.com/articles/sum-up-the-pieces%3A-vlu-could-be-worth-%24158
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P 1500 Value Tilt ETF (Symbol: VLU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $157.51 per unit.
With VLU trading at a recent price near $138.21 per unit, that means that analysts see 13.96% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VLU's underlying holdings with notable upside to their analyst target prices are Marten Transport Ltd (Symbol: MRTN), Easterly Government Properties Inc (Symbol: DEA), and Evertec, Inc. (Symbol: EVTC). Although MRTN has traded at a recent price of $19.44/share, the average analyst target is 28.60% higher at $25.00/share. Similarly, DEA has 26.95% upside from the recent share price of $13.85 if the average analyst target price of $17.58/share is reached, and analysts on average are expecting EVTC to reach a target price of $38.80/share, which is 25.73% above the recent price of $30.86. Below is a twelve month price history chart comparing the stock performance of MRTN, DEA, and EVTC:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR S&P 1500 Value Tilt ETF VLU $138.21 $157.51 13.96%
Marten Transport Ltd MRTN $19.44 $25.00 28.60%
Easterly Government Properties Inc DEA $13.85 $17.58 26.95%
Evertec, Inc. EVTC $30.86 $38.80 25.73%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Stocks Conducting Buybacks That Hedge Funds Are Selling
Top Ten Hedge Funds Holding AOM
BVN Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SPDR S&P 1500 Value Tilt ETF VLU $138.21 $157.51 13.96% Marten Transport Ltd MRTN $19.44 $25.00 28.60% Easterly Government Properties Inc DEA $13.85 $17.58 26.95% Evertec, Inc. EVTC $30.86 $38.80 25.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VLU's underlying holdings with notable upside to their analyst target prices are Marten Transport Ltd (Symbol: MRTN), Easterly Government Properties Inc (Symbol: DEA), and Evertec, Inc. (Symbol: EVTC). Similarly, DEA has 26.95% upside from the recent share price of $13.85 if the average analyst target price of $17.58/share is reached, and analysts on average are expecting EVTC to reach a target price of $38.80/share, which is 25.73% above the recent price of $30.86.
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Three of VLU's underlying holdings with notable upside to their analyst target prices are Marten Transport Ltd (Symbol: MRTN), Easterly Government Properties Inc (Symbol: DEA), and Evertec, Inc. (Symbol: EVTC). Similarly, DEA has 26.95% upside from the recent share price of $13.85 if the average analyst target price of $17.58/share is reached, and analysts on average are expecting EVTC to reach a target price of $38.80/share, which is 25.73% above the recent price of $30.86. SPDR S&P 1500 Value Tilt ETF VLU $138.21 $157.51 13.96% Marten Transport Ltd MRTN $19.44 $25.00 28.60% Easterly Government Properties Inc DEA $13.85 $17.58 26.95% Evertec, Inc. EVTC $30.86 $38.80 25.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DEA has 26.95% upside from the recent share price of $13.85 if the average analyst target price of $17.58/share is reached, and analysts on average are expecting EVTC to reach a target price of $38.80/share, which is 25.73% above the recent price of $30.86. Three of VLU's underlying holdings with notable upside to their analyst target prices are Marten Transport Ltd (Symbol: MRTN), Easterly Government Properties Inc (Symbol: DEA), and Evertec, Inc. (Symbol: EVTC). Below is a twelve month price history chart comparing the stock performance of MRTN, DEA, and EVTC: Below is a summary table of the current analyst target prices discussed above:
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SPDR S&P 1500 Value Tilt ETF VLU $138.21 $157.51 13.96% Marten Transport Ltd MRTN $19.44 $25.00 28.60% Easterly Government Properties Inc DEA $13.85 $17.58 26.95% Evertec, Inc. EVTC $30.86 $38.80 25.73% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VLU's underlying holdings with notable upside to their analyst target prices are Marten Transport Ltd (Symbol: MRTN), Easterly Government Properties Inc (Symbol: DEA), and Evertec, Inc. (Symbol: EVTC). Similarly, DEA has 26.95% upside from the recent share price of $13.85 if the average analyst target price of $17.58/share is reached, and analysts on average are expecting EVTC to reach a target price of $38.80/share, which is 25.73% above the recent price of $30.86.
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a65de223-33ad-4f16-884c-57eb39fef972
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723326.0
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2022-12-16 00:00:00 UTC
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Easterly Government Properties is Oversold
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-is-oversold
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DEA entered into oversold territory, changing hands as low as $13.97 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Easterly Government Properties Inc, the RSI reading has hit 27.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.4. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.15% based upon the recent $14.82 share price.
A bullish investor could look at DEA's 27.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
LHO shares outstanding history
Funds Holding ONN
UBA Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DEA's 27.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DEA entered into oversold territory, changing hands as low as $13.97 per share.
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Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.15% based upon the recent $14.82 share price. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DEA entered into oversold territory, changing hands as low as $13.97 per share.
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Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DEA entered into oversold territory, changing hands as low as $13.97 per share. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.15% based upon the recent $14.82 share price.
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Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of DEA entered into oversold territory, changing hands as low as $13.97 per share. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 7.15% based upon the recent $14.82 share price.
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72b1fe91-3df3-49d6-b53f-90a0cbb4e27f
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723327.0
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2022-12-15 00:00:00 UTC
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Easterly Government Properties Inc Shares Fall 1.5% Below Previous 52-Week Low - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-fall-1.5-below-previous-52-week-low-market-mover
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 30.3% year-to-date, down 29.1% over the past 12 months, and down 11.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 1.7%.
Trading Activity
Trading volume this week was 13.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -34.3%
The company's stock price performance over the past 12 months beats the peer average by -33.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.8% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -34.3% The company's stock price performance over the past 12 months beats the peer average by -33.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.8% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 1.7%. Trading Activity Trading volume this week was 13.9% higher than the 20-day average.
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Easterly Government Properties Inc (DEA) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -34.3% The company's stock price performance over the past 12 months beats the peer average by -33.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed 1.5% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 1.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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65ebf33d-5612-44dc-a26a-9c2bd238f02d
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723328.0
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2022-12-02 00:00:00 UTC
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Italian publisher De Agostini moves to take DeA Capital private
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DEA
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https://www.nasdaq.com/articles/italian-publisher-de-agostini-moves-to-take-dea-capital-private
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nan
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nan
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Adds shares
MILAN, Dec 2 (Reuters) - Italian family-owned publisher group De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital DEA.MIspending up to 128.6 million euros ($135.43 million) to buy out other investors.
De Agostini will pay 1.50 euros for each share it does not already own in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement.
Shares in Dea Capital failed to start trading at open and were indicated up 29.4% at 1.48 euros each by 0813 GMT.
The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company. ($1 = 0.9496 euros)
(Reporting by Gianluca Semeraro; editing by Valentina Za)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds shares MILAN, Dec 2 (Reuters) - Italian family-owned publisher group De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital DEA.MIspending up to 128.6 million euros ($135.43 million) to buy out other investors. De Agostini will pay 1.50 euros for each share it does not already own in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
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Adds shares MILAN, Dec 2 (Reuters) - Italian family-owned publisher group De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital DEA.MIspending up to 128.6 million euros ($135.43 million) to buy out other investors. Shares in Dea Capital failed to start trading at open and were indicated up 29.4% at 1.48 euros each by 0813 GMT. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
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Adds shares MILAN, Dec 2 (Reuters) - Italian family-owned publisher group De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital DEA.MIspending up to 128.6 million euros ($135.43 million) to buy out other investors. De Agostini will pay 1.50 euros for each share it does not already own in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. Shares in Dea Capital failed to start trading at open and were indicated up 29.4% at 1.48 euros each by 0813 GMT.
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Adds shares MILAN, Dec 2 (Reuters) - Italian family-owned publisher group De Agostini said on Friday it planned to take private its vehicle for financial investments DeA Capital DEA.MIspending up to 128.6 million euros ($135.43 million) to buy out other investors. De Agostini will pay 1.50 euros for each share it does not already own in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. Shares in Dea Capital failed to start trading at open and were indicated up 29.4% at 1.48 euros each by 0813 GMT.
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e3d81f25-c04e-4558-a9bf-a66474a7da72
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723329.0
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2022-12-02 00:00:00 UTC
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Italian publisher De Agostini launches bid to delist DeA Capital
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DEA
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https://www.nasdaq.com/articles/italian-publisher-de-agostini-launches-bid-to-delist-dea-capital
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nan
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nan
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MILAN, Dec 2 (Reuters) - Italian publisher group De Agostini said on Friday it planned to buy out other investors in its vehicle for financial investments DeA Capital DEA.MI for up to 128.6 million euros ($135.43 million) to take it private.
De Agostini will pay 1.50 euros for each share not held in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement.
The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
($1 = 0.9496 euros)
(Reporting by Gianluca Semeraro; editing by Federico Maccioni)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MILAN, Dec 2 (Reuters) - Italian publisher group De Agostini said on Friday it planned to buy out other investors in its vehicle for financial investments DeA Capital DEA.MI for up to 128.6 million euros ($135.43 million) to take it private. De Agostini will pay 1.50 euros for each share not held in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
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MILAN, Dec 2 (Reuters) - Italian publisher group De Agostini said on Friday it planned to buy out other investors in its vehicle for financial investments DeA Capital DEA.MI for up to 128.6 million euros ($135.43 million) to take it private. De Agostini will pay 1.50 euros for each share not held in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
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MILAN, Dec 2 (Reuters) - Italian publisher group De Agostini said on Friday it planned to buy out other investors in its vehicle for financial investments DeA Capital DEA.MI for up to 128.6 million euros ($135.43 million) to take it private. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company. De Agostini will pay 1.50 euros for each share not held in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement.
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MILAN, Dec 2 (Reuters) - Italian publisher group De Agostini said on Friday it planned to buy out other investors in its vehicle for financial investments DeA Capital DEA.MI for up to 128.6 million euros ($135.43 million) to take it private. De Agostini will pay 1.50 euros for each share not held in DeA Capital, a 31.1% premium to Thursday's closing price, it said in a statement. The Italian publisher group, which earlier this week had denied plans to sell Dea Capital, currently holds a 67% stake in the asset management company.
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f45c91fa-4adb-4786-ab95-5f90eab7a41f
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723330.0
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2022-12-01 00:00:00 UTC
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Seeking Large Dividends? Check Out These 9 Stocks for 2023
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DEA
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https://www.nasdaq.com/articles/seeking-large-dividends-check-out-these-9-stocks-for-2023
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nan
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nan
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With inflation raging, interest rates on the rise, and the overall uncertainty in capital markets remaining elevated, stocks with above-average yields have grown in popularity. This is because investors can predict their future returns with higher accuracy in the current chaotic environment while ensuring a margin of safety against potential losses on their capital. Stocks that feature high yields often come with their fair share of risks. Thus, I have compiled a list of nine high-quality names whose dividends should remain well-protected as we advance toward 2023.
Physicians Realty Trust (NYSE: DOC)
Dividend Yield: 6.4%
While Physicians Realty Trust has failed to achieve meaningful growth over the past decade, its 6.4% dividend yield is rock solid. In line with its rather stable funds from operations (also known as FFO, a profitability metric used by REITs), the company’s dividend has remained constant for five years in a row. Nevertheless, it has never been cut and should remain protected by the company’s unique qualities. The most significant quality is that the company’s medical properties are of critical nature, remaining in high demand regardless of the underlying state of the economy. Backed by a weighted average lease term of 5.7 years, DOC’s results should hold no negative surprises for quite some time while adequately covering the dividend.
Camping World Holdings (NYSE: CWH)
Dividend Yield: 9.3%
Camping World Holdings is not the most popular dividend stock out there, but the company has certainly been generous when it comes to its payouts. By being America’s largest retailer of recreational RVs and related products and services, the company has mastered this niche space, which should keep growing in popularity as consumers seek alternative types of living.
It’s also noteworthy that the company’s full-service repair facilities enable it to install all parts and accessories that it sells in its retail locations. By both selling and installing parts and accessories, the company has a competitive advantage over online and big-box retailers that lack this combined capability.
Innovative Industrial Properties (NYSE: IIPR)
Dividend Yield: 6.1%
Shares of Innovative Industrial Properties have experienced a rollercoaster ride over the past year, which has exhausted investors, but one thing remains clear: IIPR remains one of the fastest-growing REITs in the world.
IIPR’s AFFO/share and dividend per share have grown massively since its IPO, while the company’s acquisition pipeline continues to bring new properties that add incrementally to its results. Capitalizing on the growth of the cannabis sector, IIPR acquired 37 properties last year alone.
With its dividend remaining well-covered and leasing revenues coming in strong every quarter, IIPR appears to be the best way to get exposure in the cannabis space while collecting fat dividends.
Lazard Ltd (NYSE: LAZ)
Dividend Yield: 5.5%
Bermuda-based Lazard is one of the oldest and most creditworthy investment advisory companies, whose traces go back to 1848. A top-class reputation can be a tremendous advantage in the industry. Lazard's prestige in building long-term relationships and advising on complex transactions often makes it the go-to firm for elaborate international M&A transactions and restructuring.
Last year’s dividend increase bolster further confidence in the stock, and with payouts accounting for around half the company’s net income, investors shouldn’t have any concerns regarding a potential dividend cut.
M.D.C. Holdings, Inc. (NYSE: MDC)
Dividend Yield: 6.4%
M.D.C. Holdings sits among the largest homebuilders in the U.S. On the one hand, the company’s prospects over the near future are rather bleak, as demand for residential properties has plummeted following last year’s craze. With rates/mortgages on the rise, the company should continue facing headwinds, as was the case in its most recent results.
In Q3, the company posted a 47% year-over-year drop in unit orders, while cancellations as a percentage of beginning backlog rose 970 basis points to 17.1% from 7.4% in the prior-year period. On the other hand, the dividend should remain rather well-covered even if its earnings were to plummet over the next couple of years. This is one of the riskiest names in this list, but a noteworthy one nonetheless.
Altria Group, Inc. (NYSE: MO)
Dividend Yield: 8.2%
Some love it, while others hate it. Regardless Altria is a cash cow that boasts 53 years of consecutive annual dividend increases.
While the company has seen declining volumes in its cigarette sales, you should remember that cigarettes are among the most inelastic products. Therefore, Altria can keep increasing its prices during the current highly-inflationary environment while recording no additional casualties from lower sales volumes.
In the meantime, the company has been repurchasing its own stock lately, which would help offset any declines in net income substantially. Simultaneously, by buying back large amounts of stock, Altria is essentially “saving” a great amount of cash that would be paid in the form of dividends in these shares as well. Thus, its payout remains healthy despite the annual dividend hikes.
Philip Morris International Inc. (NYSE: PM)
Dividend Yield: 5.2%
Altria’s cousin, Philip Morris, also offers a sizable yield. It's not as high as Altria’s, but considering the company has significantly higher growth prospects, it makes sense that investors require a lower tangible return here.
While the strong U.S. dollar has pressured the company’s results lately due to the entirety of Philip Morris’ revenues being sourced in currencies other than the U.S. dollar, the company continues to deliver operating excellence. The acquisition of Swedish Match should be proven a fresh growth catalyst for the company as well.
Simon Property Group, Inc. (NYSE: SPG)
Dividend Yield: 6.2%
Retail giant Simon Property has been posting continuously improving financials since the brutal days of the COVID-19 pandemic. The REIT’s recovery has been rather speedy, with its funds from operations set to reach pre-pandemic levels this year.
While the dividend was cut in 2020, SPG has now increased its dividend for seven successive quarters. Following its most recent hike, the quarterly rate stands at $1.80, implying a 2.9% hike sequentially or a 9.1% hike year-over-year. Combined with a healthy payout ratio that stands at just over 60%, SPG should continue to serve income-oriented investors well.
Easterly Government Properties, Inc. (NYSE: DEA)
Dividend Yield: 6.7%
Last but not least, Easterly Government is one of my favorite high-yield stocks. With the company providing office space for several mission-critical U.S. Federal Agencies, its qualities are simply unparalleled. All of its cash flows are covered by Uncle Sam under multi-year leases. Further, the company’s properties are tailor-made to fit the needs of each individual agency. Therefore, Easterly does not actually compete with its conventional industry peers.
Despite being one of my favorite high-yielders, analysts are not that bullish on the stock. Easterly Government Properties features a Hold consensus rating based on one Buy and four Holds assigned in the past three months. At $17.25, the average DEA price target suggests around 11.1% upside potential.
Nevertheless, DEA provides one of the highest and safest yields out there, in my view.
The Takeaway
High-yielding stock can provide an extra layer of safety in the current environment and achieve fruitful returns in an uncertain environment, assuming, of course, that the companies paying these dividends are of high quality and their payout can be relied upon. The ten names proposed here should be able to maintain and continue growing their dividends with relative ease. Nevertheless, always make sure you do your own research and that the stocks you invest in actually meet your investment criteria.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties, Inc. (NYSE: DEA) Dividend Yield: 6.7% Last but not least, Easterly Government is one of my favorite high-yield stocks. At $17.25, the average DEA price target suggests around 11.1% upside potential. Nevertheless, DEA provides one of the highest and safest yields out there, in my view.
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Easterly Government Properties, Inc. (NYSE: DEA) Dividend Yield: 6.7% Last but not least, Easterly Government is one of my favorite high-yield stocks. At $17.25, the average DEA price target suggests around 11.1% upside potential. Nevertheless, DEA provides one of the highest and safest yields out there, in my view.
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Easterly Government Properties, Inc. (NYSE: DEA) Dividend Yield: 6.7% Last but not least, Easterly Government is one of my favorite high-yield stocks. At $17.25, the average DEA price target suggests around 11.1% upside potential. Nevertheless, DEA provides one of the highest and safest yields out there, in my view.
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Easterly Government Properties, Inc. (NYSE: DEA) Dividend Yield: 6.7% Last but not least, Easterly Government is one of my favorite high-yield stocks. At $17.25, the average DEA price target suggests around 11.1% upside potential. Nevertheless, DEA provides one of the highest and safest yields out there, in my view.
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723331.0
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2022-11-10 00:00:00 UTC
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3 Safe Dividend Stocks to Beat Inflation
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DEA
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https://www.nasdaq.com/articles/3-safe-dividend-stocks-to-beat-inflation-1
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Warren Buffett said earlier this year that inflation "swindles almost everybody." He was -- and is -- exactly right.
What can investors do to fight back against this swindler? Here are three safe dividend stocks to beat inflation.
1. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) could arguably be viewed as one of the safest dividend stocks on the market. Why? The real estate investment trust (REIT) primarily leases properties to federal agencies. Easterly likes to point out that its cash flow is "backed by the full faith and credit of the U.S. government."
Easterly's stock performance so far this year doesn't make the stock seem all that safe. The REIT's share price has fallen even more than the S&P 500.
Easterly's stock decline, though, reflects concerns about higher interest rates impacting the company's growth prospects. But there's no reason to worry about the underlying business. And Easterly's dividend remains safe and attractive, with a yield of over 6.5%.
Inflation shouldn't be an issue for Easterly, either. The company's leases have built-in price increases. This lease structure largely insulates the REIT from the impact of inflation over the long term.
2. Johnson & Johnson
Johnson & Johnson (NYSE: JNJ) has long been viewed as a safe-haven stock. The healthcare giant weathered many storms throughout its 136-year history. It certainly helps that J&J markets the kinds of products that people need, regardless of what's happening with the economy.
Unsurprisingly, Johnson & Johnson is handily outperforming the S&P 500 this year. The company's opportunities could be even stronger in 2023 with the planned spinoff of its consumer health unit.
J&J is a dividend-investor's dream. The company ranks as a Dividend King, with 60 consecutive years of dividend increases. Its dividend yield currently tops 2.6%.
Admittedly, Johnson & Johnson can feel the impact of inflation. The company noted in its Q3 conference call that it lowered full-year operating-margin guidance because of inflationary pressures. However, this reduction was only modest. J&J still has the ability to pass on higher costs to customers much more effectively than most companies do.
3. PepsiCo
PepsiCo (NASDAQ: PEP) stands out as another dividend stock that offers safety for nervous investors. It's easily beating the market so far this year.
The company's Frito-Lay business remains its crown jewel and delivered exceptionally strong growth in the latest quarter. But Pepsi's beverages continue to sell briskly, as well.
Pepsi isn't immune to the impact of inflation, with its costs rising due to supply chain issues and higher fuel costs. However, the company has been largely successful this year at passing along price increases to customers.
Like Johnson & Johnson, Pepsi is a Dividend King. The company has increased its dividend for 50 consecutive years. Its dividend yield is a little under 2.6%. This safe dividend stock should continue to be a winner over the long term.
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Keith Speights has positions in PepsiCo Inc. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) could arguably be viewed as one of the safest dividend stocks on the market. The real estate investment trust (REIT) primarily leases properties to federal agencies. Easterly's stock decline, though, reflects concerns about higher interest rates impacting the company's growth prospects.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) could arguably be viewed as one of the safest dividend stocks on the market. Johnson & Johnson Johnson & Johnson (NYSE: JNJ) has long been viewed as a safe-haven stock. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) could arguably be viewed as one of the safest dividend stocks on the market. Easterly's stock performance so far this year doesn't make the stock seem all that safe. Johnson & Johnson Johnson & Johnson (NYSE: JNJ) has long been viewed as a safe-haven stock.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) could arguably be viewed as one of the safest dividend stocks on the market. Here are three safe dividend stocks to beat inflation. The company has increased its dividend for 50 consecutive years.
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723332.0
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2022-11-01 00:00:00 UTC
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Easterly Government Properties (DEA) Misses Q3 FFO and Revenue Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-misses-q3-ffo-and-revenue-estimates
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -5.88%. A quarter ago, it was expected that this property management company would post FFO of $0.34 per share when it actually produced FFO of $0.33, delivering a surprise of -2.94%.
Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $75.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.53%. This compares to year-ago revenues of $69.61 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have lost about 24.1% since the beginning of the year versus the S&P 500's decline of -18.8%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.34 on $78.68 million in revenues for the coming quarter and $1.33 on $300.71 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Host Hotels (HST), is yet to report results for the quarter ended September 2022. The results are expected to be released on November 2.
This lodging real estate investment trust is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +95%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
Host Hotels' revenues are expected to be $1.17 billion, up 38.5% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $75.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.53%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $75.04 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.53%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
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6c17f22a-5a51-4656-b113-50fc4740eb98
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723333.0
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2022-10-27 00:00:00 UTC
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Corporate Office Properties (OFC) Matches Q3 FFO Estimates
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DEA
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https://www.nasdaq.com/articles/corporate-office-properties-ofc-matches-q3-ffo-estimates
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Corporate Office Properties (OFC) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this real estate investment trust specializing in suburban office properties would post FFO of $0.58 per share when it actually produced FFO of $0.59, delivering a surprise of 1.72%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Corporate Office Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $182.5 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.79%. This compares to year-ago revenues of $174.64 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Corporate Office Properties shares have lost about 8.8% since the beginning of the year versus the S&P 500's decline of -19.6%.
What's Next for Corporate Office Properties?
While Corporate Office Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Corporate Office Properties: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.59 on $193.51 million in revenues for the coming quarter and $2.35 on $761.61 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 47% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended September 2022. The results are expected to be released on November 1.
This property management company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +3%. The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level.
Easterly Government Properties' revenues are expected to be $76.99 million, up 10.6% from the year-ago quarter.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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Corporate Office Properties Trust (OFC): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Corporate Office Properties (OFC) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended September 2022. Corporate Office Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $182.5 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.79%.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Corporate Office Properties (OFC) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Corporate Office Properties (OFC) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate.
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723334.0
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2022-10-25 00:00:00 UTC
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First Interstate BancSystem (FIBK) Beats Q3 Earnings Estimates
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DEA
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https://www.nasdaq.com/articles/first-interstate-bancsystem-fibk-beats-q3-earnings-estimates
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nan
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nan
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First Interstate BancSystem (FIBK) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.78%. A quarter ago, it was expected that this holding company for First Interstate Bank would post earnings of $0.75 per share when it actually produced earnings of $0.93, delivering a surprise of 24%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $289.7 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $166.6 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Interstate BancSystem shares have added about 4% since the beginning of the year versus the S&P 500's decline of -20.3%.
What's Next for First Interstate BancSystem?
While First Interstate BancSystem has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Interstate BancSystem: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $302.2 million in revenues for the coming quarter and $3.24 on $1.12 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended September 2022. The results are expected to be released on November 1.
This property management company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +3%. The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level.
Easterly Government Properties' revenues are expected to be $76.99 million, up 10.6% from the year-ago quarter.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
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>>Send me my free report revealing the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Interstate BancSystem, Inc. (FIBK): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended September 2022. First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $289.7 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.62%.
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One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report First Interstate BancSystem (FIBK) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.92 per share.
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One other stock from the broader Zacks Finance sector, Easterly Government Properties (DEA), is yet to report results for the quarter ended September 2022. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The company has topped consensus revenue estimates just once over the last four quarters.
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2022-10-22 00:00:00 UTC
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3 High-Yield Dividend Stocks That Could Be Passive-Income Machines
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DEA
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https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-that-could-be-passive-income-machines
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Make money without exerting any effort. That's the idea with passive income.
It's actually a stretch, though, to say there's no effort involved. Typically, a lot of effort is required to make the money needed initially to generate passive income. You'll also likely have to put forth some effort in figuring out exactly how to achieve the goal.
Investing in stocks that pay high dividend yields is one of the easiest ways to make money without working for it. Here are three high-yield dividend stocks that could be passive-income machines.
1. Devon Energy
You won't find many members of the S&P 500 with more attractive dividends than Devon Energy (NYSE: DVN). The oil and gas producer's dividend yield currently stands at 8.9%. Since the second quarter of 2021, Devon's dividend payout has more than tripled.
The dividend isn't the only way that the company is rewarding shareholders. Devon's share price has skyrocketed close to 60% year to date. This impressive performance follows a huge gain of 179% in 2021.
Devon also continues to repurchase its shares. As of the end of July 2022, the company had spent $1.2 billion to buy back around 4% of its shares. With the stock still arguably undervalued even after its meteoric rise, Devon seems likely to keep buying additional shares.
The near term looks encouraging for Devon. Oil prices are rebounding after a decline over the summer. The company has made key acquisitions to boost its production capacity. It should be in a good position to generate strong free cash flow -- and keep the dividends flowing.
2. Easterly Government Properties
If you're looking for exceptionally dependable passive income, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) offers a dividend yield of 6.6%.
That dividend is as rock-solid as they come. Easterly focuses on leasing properties to mission-critical U.S. federal agencies. The company often reminds shareholders that it has "stable, recurring cash flows backed by the full faith and credit of the U.S. government."
On the other hand, Easterly's share price can be quite volatile. The REIT stock is down around 30% year to date. This decline is primarily the result of concerns about rising interest rates that will make it more costly for Easterly to finance expansion.
However, Easterly's long-term prospects remain attractive. The U.S. government is likely to continue shifting from owning properties to leasing. Easterly ranks as the second-largest player in the government real estate market. The company has the expertise and access to capital needed to be successful.
3. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) (MPT) is another REIT that investors seeking passive income might really like. Its dividend yield currently stands at a whopping 10.5%. The company has increased its dividend for eight consecutive years.
Rising interest rates could be problematic for MPT. There are also worries about the financial strength of the REIT's biggest tenant -- Steward. Largely as a result of these issues, MPT stock has plunged more than 50% year to date.
This steep decline, though, gives MPT a really low valuation. Shares trade at under six times expected earnings. Wall Street seems to believe a comeback could be in store, with the consensus 12-month price target reflecting an upside potential of 59%.
The company's greatest risk is the potential of default on loans that it's made and the failure of key tenants to pay rent. But MPT has successfully navigated these risks in the past. The concerns about Steward could be overblown. In MPT's second-quarter conference call, CEO Ed Aldag pointed to several areas of improvement recently in Steward's financial position.
MPT continues to generate strong profits and free cash flow. Its balance sheet looks solid. And the hospital properties that the REIT owns tend to be important to the communities that they serve. MPT should remain a passive-income machine for years to come.
10 stocks we like better than Medical Properties Trust
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*Stock Advisor returns as of September 30, 2022
Keith Speights has positions in Devon Energy. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's the idea with passive income. Easterly Government Properties If you're looking for exceptionally dependable passive income, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). This decline is primarily the result of concerns about rising interest rates that will make it more costly for Easterly to finance expansion.
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That's the idea with passive income. Easterly Government Properties If you're looking for exceptionally dependable passive income, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). It should be in a good position to generate strong free cash flow -- and keep the dividends flowing.
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Easterly Government Properties If you're looking for exceptionally dependable passive income, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). That's the idea with passive income. Medical Properties Trust Medical Properties Trust (NYSE: MPW) (MPT) is another REIT that investors seeking passive income might really like.
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Easterly Government Properties If you're looking for exceptionally dependable passive income, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). That's the idea with passive income. Devon also continues to repurchase its shares.
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9a18bb4d-74cb-45b4-a158-22b68cfafdac
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723336.0
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2022-10-15 00:00:00 UTC
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Easterly Government Properties, Inc.'s (NYSE:DEA) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc.s-nyse%3Adea-fundamentals-look-pretty-strong%3A-could-the
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nan
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nan
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It is hard to get excited after looking at Easterly Government Properties' (NYSE:DEA) recent performance, when its stock has declined 18% over the past three months. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Easterly Government Properties' ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
How Do You Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Easterly Government Properties is:
2.3% = US$33m ÷ US$1.4b (Based on the trailing twelve months to June 2022).
The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.02 in profit.
What Is The Relationship Between ROE And Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.
Easterly Government Properties' Earnings Growth And 2.3% ROE
It is quite clear that Easterly Government Properties' ROE is rather low. Not just that, even compared to the industry average of 6.6%, the company's ROE is entirely unremarkable. Despite this, surprisingly, Easterly Government Properties saw an exceptional 45% net income growth over the past five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
As a next step, we compared Easterly Government Properties' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 11%.
NYSE:DEA Past Earnings Growth October 15th 2022
Earnings growth is an important metric to consider when valuing a stock. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Easterly Government Properties is trading on a high P/E or a low P/E, relative to its industry.
Is Easterly Government Properties Efficiently Re-investing Its Profits?
Easterly Government Properties has a very high three-year median payout ratio of 74%. This means that it has only 26% of its income left to reinvest into its business. However, it's not unusual to see a REIT with such a high payout ratio mainly due to statutory requirements. In spite of this, the company was able to grow its earnings significantly, as we saw above.
Additionally, Easterly Government Properties has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 74% of its profits over the next three years. Accordingly, forecasts suggest that Easterly Government Properties' future ROE will be 2.7% which is again, similar to the current ROE.
Conclusion
Overall, we feel that Easterly Government Properties certainly does have some positive factors to consider. While no doubt its earnings growth is pretty substantial, we do feel that the reinvestment rate is pretty low, meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is hard to get excited after looking at Easterly Government Properties' (NYSE:DEA) recent performance, when its stock has declined 18% over the past three months. NYSE:DEA Past Earnings Growth October 15th 2022 Earnings growth is an important metric to consider when valuing a stock. Additionally, Easterly Government Properties has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
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It is hard to get excited after looking at Easterly Government Properties' (NYSE:DEA) recent performance, when its stock has declined 18% over the past three months. NYSE:DEA Past Earnings Growth October 15th 2022 Earnings growth is an important metric to consider when valuing a stock. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Easterly Government Properties is: 2.3% = US$33m ÷ US$1.4b (Based on the trailing twelve months to June 2022).
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It is hard to get excited after looking at Easterly Government Properties' (NYSE:DEA) recent performance, when its stock has declined 18% over the past three months. NYSE:DEA Past Earnings Growth October 15th 2022 Earnings growth is an important metric to consider when valuing a stock. Easterly Government Properties' Earnings Growth And 2.3% ROE It is quite clear that Easterly Government Properties' ROE is rather low.
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It is hard to get excited after looking at Easterly Government Properties' (NYSE:DEA) recent performance, when its stock has declined 18% over the past three months. NYSE:DEA Past Earnings Growth October 15th 2022 Earnings growth is an important metric to consider when valuing a stock. Easterly Government Properties' Earnings Growth And 2.3% ROE It is quite clear that Easterly Government Properties' ROE is rather low.
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7611879c-d57d-4b98-abf9-83ec8c8a274d
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723337.0
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2022-10-12 00:00:00 UTC
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3 Ridiculously Cheap High-Yield Dividend Stocks
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DEA
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https://www.nasdaq.com/articles/3-ridiculously-cheap-high-yield-dividend-stocks
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nan
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nan
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It's an excellent time to be a long-term dividend stock investor. In this video, Certified Financial Planner® Matt Frankel discusses three dividend stocks down by 30% or more and with 6% or higher yields that look incredibly attractive right now.
**Stock prices discussed as of the evening of Oct. 11, 2022. This video was published on Oct. 11, 2022.
10 stocks we like better than Physicians Realty Trust
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Physicians Realty Trust wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of September 30, 2022
Matthew Frankel, CFP® has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Stag Industrial. The Motley Fool recommends Easterly Government Properties and Physicians Realty Trust. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this video, Certified Financial Planner® Matt Frankel discusses three dividend stocks down by 30% or more and with 6% or higher yields that look incredibly attractive right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Physicians Realty Trust wasn't one of them!
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It's an excellent time to be a long-term dividend stock investor. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Physicians Realty Trust wasn't one of them!
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10 stocks we like better than Physicians Realty Trust When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of September 30, 2022 Matthew Frankel, CFP® has no position in any of the stocks mentioned.
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In this video, Certified Financial Planner® Matt Frankel discusses three dividend stocks down by 30% or more and with 6% or higher yields that look incredibly attractive right now. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Physicians Realty Trust wasn't one of them! See the 10 stocks *Stock Advisor returns as of September 30, 2022 Matthew Frankel, CFP® has no position in any of the stocks mentioned.
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40e0e74e-df13-4c19-80fa-b145aad0a25c
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723338.0
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2022-10-06 00:00:00 UTC
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Down 15% in 4 Weeks, Here's Why Easterly Government Properties (DEA) Looks Ripe for a Turnaround
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DEA
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https://www.nasdaq.com/articles/down-15-in-4-weeks-heres-why-easterly-government-properties-dea-looks-ripe-for-a
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nan
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nan
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A downtrend has been apparent in Easterly Government Properties (DEA) lately with too much selling pressure. The stock has declined 15% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
Here is How to Spot Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Here's Why DEA Could Experience a Turnaround
The heavy selling of DEA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.49. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for DEA has increased 0.3%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, DEA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A downtrend has been apparent in Easterly Government Properties (DEA) lately with too much selling pressure. Here's Why DEA Could Experience a Turnaround The heavy selling of DEA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.49. Over the last 30 days, the consensus EPS estimate for DEA has increased 0.3%.
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A downtrend has been apparent in Easterly Government Properties (DEA) lately with too much selling pressure. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Here's Why DEA Could Experience a Turnaround The heavy selling of DEA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.49.
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Moreover, DEA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. A downtrend has been apparent in Easterly Government Properties (DEA) lately with too much selling pressure. Here's Why DEA Could Experience a Turnaround The heavy selling of DEA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.49.
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Here's Why DEA Could Experience a Turnaround The heavy selling of DEA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.49. A downtrend has been apparent in Easterly Government Properties (DEA) lately with too much selling pressure. Over the last 30 days, the consensus EPS estimate for DEA has increased 0.3%.
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1ce8ecc1-30c5-478c-8747-6283045154d4
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723339.0
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2022-09-30 00:00:00 UTC
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2 REITs with the World’s Most Reliable Tenant
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DEA
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https://www.nasdaq.com/articles/2-reits-with-the-worlds-most-reliable-tenant
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nan
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nan
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While researching various office and industrial REITs lately, I came across two relatively unknown names whose qualities should shield them from the ongoing concerns surrounding the office and industrial property markets. Easterly Government Properties (NYSE: DEA) and Postal Realty Trust (NYSE: PSTL) have managed to avoid many of the underlying challenges impacting their industries by catering to the world's most reliable tenant: The United States Government.
Due to this remarkable quality, their high dividend yields, and reasonable valuations, I am bullish on both names.
Other kinds of REITs often present more risk. Undoubtedly, commercial real estate was changed forever two years ago, as the COVID-19 pandemic disrupted the market dynamics massively. While the pandemic has largely faded, commercial real estate properties have failed to recover meaningfully, as demand for such spaces remains rather soft.
Sure, most companies do utilize office space, but following the pandemic, hybrid working (i.e., working from home and from the office) seems to have prevailed. Industrial properties were proven more resilient during the pandemic, but with rates on the rise and the economy slowing down, their future also appears somewhat bleak.
Therefore, DEA and PSTL are interesting REITs due to their well-known, high-quality tenant.
What Do DEA and PSTL Do?
To be more specific about DEA's and PSTL's unique advantages in the current environment, let's quickly break down their operations.
DEA provides office space for several mission-critical U.S. Federal Agencies. As of its latest filings, the company wholly owned 87 operating properties in the United States and has another six as part of a joint venture. 92 of these are operating properties that are leased primarily to U.S. Government tenant agencies.
With 99% of its properties leased, the company enjoys robust lease income backed by the full faith and credit of the U.S. government. This is also the case with PSTL, as its properties exclusively serve the USPS.
Why is Uncle Sam Such a Great Tenant?
Having the U.S. government as your exclusive tenant comes with grand advantages that can form a stronghold moat. The greatest advantage, and what separates DEA and PSTL from ordinary REITs, is the unparalleled credit of Uncle Sam. Essentially, the U.S. government is universally agreed to be the most trustworthy creditor in the world (i.e., the institution that has the lowest chances among any other institution globally to fail.)
It is quite safe to say that Uncle Sam has his rental payments entirely covered - especially when the tenants include mission-critical properties that house crucial agencies like the Federal Bureau of Investigation (FBI), the Environmental Protection Agency (EPA), the U.S. Citizenship & Immigration Services (USCIS), the U.S. Department of Veterans Affairs (VA), the Defense Health Agency (DHA), and the USPS.
After all, the government can always print money to satisfy its obligations. Hence these two REITs face no counterparty risk or rent collection issues. This is a massive advantage these days, as "ordinary" REITs do experience these challenges.
Further, no matter the underlying conditions, these agencies will "never" cease to exist due to being essential assets for vital government operations and national security. If this doesn't convince of how high the quality of DEA's cash flows and lease agreements are, the REIT has preserved a 100% occupancy ratio since its public listing.
This is likely to remain the case for decades to come, as its weighted average lease term stands at a lengthy 19.6 years. Combined with the critical nature of the company's tenants and the fact that they can't just simply relocate (these properties are purpose-built for each agency's needs), investors enjoy an unparalleled margin of safety.
When it comes to PSTL, its occupancy stands at 99.7%. While its weighted average lease term stands at around four years (yes, postal offices are not as critical as agency centers), cash flows should be quite secured over the medium term. If anything, I would argue that PSTL even has an advantage here, as it can renegotiate leases at higher rates sooner.
Is DEA Stock a Buy, According to Analysts?
Turning to Wall Street, Easterly Government Properties has a Hold consensus rating based on one buy and four Holds assigned in the past three months. At $21.20, the average DEA stock forecast suggests around 34.5% upside potential.
Interestingly, DEA stock only has a 5 out of 10 Smart Score rating, implying that it will perform in line with the market, going forward - according to this metric, at least.
Is PSTL Stock a Buy, According to Analysts?
Turning to Wall Street, Postal Realty has a Moderate Buy consensus rating based on two buys and one Hold assigned in the past three months. At $18.00, the average PSTL stock forecast suggests around 21.13% upside potential.
Unlike DEA, PSTL stock has an 8 out of 10 Smart Score rating, suggesting that it can outperform the market, going forward.
Conclusion: Safety Without Overpaying
DEA and PSTL are rather unique, with all of their cash flow essentially guaranteed by the government under multi-year leases. Accordingly, their risk profiles are certainly reduced compared to ordinary REITs, and their respective yields of roughly 6.4% and 6.3% can be relied upon. Considering their unique qualities and high dividend yields, it's quite surprising to see that both names trade at rather reasonable valuations.
DEA and PSTL trade at around 11.5x and 16.2x their projected FFOs for the year. PSTL's multiple is higher due to the likelihood of renegotiating leases sooner compared to DEA amid earlier expirations.
Regardless, both names should be proven fruitful investments and eventually attract increased investor attention due to their exceptional positioning in such an uncertain environment.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If this doesn't convince of how high the quality of DEA's cash flows and lease agreements are, the REIT has preserved a 100% occupancy ratio since its public listing. Easterly Government Properties (NYSE: DEA) and Postal Realty Trust (NYSE: PSTL) have managed to avoid many of the underlying challenges impacting their industries by catering to the world's most reliable tenant: The United States Government. Therefore, DEA and PSTL are interesting REITs due to their well-known, high-quality tenant.
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Easterly Government Properties (NYSE: DEA) and Postal Realty Trust (NYSE: PSTL) have managed to avoid many of the underlying challenges impacting their industries by catering to the world's most reliable tenant: The United States Government. Therefore, DEA and PSTL are interesting REITs due to their well-known, high-quality tenant. What Do DEA and PSTL Do?
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Easterly Government Properties (NYSE: DEA) and Postal Realty Trust (NYSE: PSTL) have managed to avoid many of the underlying challenges impacting their industries by catering to the world's most reliable tenant: The United States Government. The greatest advantage, and what separates DEA and PSTL from ordinary REITs, is the unparalleled credit of Uncle Sam. Conclusion: Safety Without Overpaying DEA and PSTL are rather unique, with all of their cash flow essentially guaranteed by the government under multi-year leases.
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What Do DEA and PSTL Do? The greatest advantage, and what separates DEA and PSTL from ordinary REITs, is the unparalleled credit of Uncle Sam. Easterly Government Properties (NYSE: DEA) and Postal Realty Trust (NYSE: PSTL) have managed to avoid many of the underlying challenges impacting their industries by catering to the world's most reliable tenant: The United States Government.
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a68cc593-6a10-476a-8983-9e5f9e3f0a85
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723340.0
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2022-09-22 00:00:00 UTC
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RSI Alert: Easterly Government Properties (DEA) Now Oversold
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DEA
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https://www.nasdaq.com/articles/rsi-alert%3A-easterly-government-properties-dea-now-oversold
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $16.74 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 32.9. A bullish investor could look at DEA's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DEA shares:
Looking at the chart above, DEA's low point in its 52 week range is $16.74 per share, with $23.65 as the 52 week high point — that compares with a last trade of $16.85.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $16.74 per share. A bullish investor could look at DEA's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DEA shares: Looking at the chart above, DEA's low point in its 52 week range is $16.74 per share, with $23.65 as the 52 week high point — that compares with a last trade of $16.85.
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A bullish investor could look at DEA's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DEA shares: Looking at the chart above, DEA's low point in its 52 week range is $16.74 per share, with $23.65 as the 52 week high point — that compares with a last trade of $16.85. In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $16.74 per share.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $16.74 per share. A bullish investor could look at DEA's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DEA shares: Looking at the chart above, DEA's low point in its 52 week range is $16.74 per share, with $23.65 as the 52 week high point — that compares with a last trade of $16.85.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $16.74 per share. A bullish investor could look at DEA's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DEA shares: Looking at the chart above, DEA's low point in its 52 week range is $16.74 per share, with $23.65 as the 52 week high point — that compares with a last trade of $16.85.
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9e604f54-f8f1-4c3c-82ab-b14987286928
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723341.0
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2022-09-13 00:00:00 UTC
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Easterly Government Properties Inc Shares Close in on 52-Week Low - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-close-in-on-52-week-low-market-mover
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed today at 1.7% above its 52 week low of $17.50, giving the company a market cap of $1B. The stock is currently down 17.8% year-to-date, down 8.5% over the past 12 months, and up 17.1% over the past five years. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.6%.
Trading Activity
Trading volume this week was 17.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -53.1%
The company's stock price performance over the past 12 months beats the peer average by -76.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 242.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed today at 1.7% above its 52 week low of $17.50, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -53.1% The company's stock price performance over the past 12 months beats the peer average by -76.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 242.1% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at 1.7% above its 52 week low of $17.50, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -53.1% The company's stock price performance over the past 12 months beats the peer average by -76.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 242.1% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at 1.7% above its 52 week low of $17.50, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -53.1% The company's stock price performance over the past 12 months beats the peer average by -76.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 242.1% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed today at 1.7% above its 52 week low of $17.50, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 rose 0.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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4ca34f9a-58c5-4f82-b100-20976a046295
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723342.0
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2022-09-01 00:00:00 UTC
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Easterly Government Properties Enters Oversold Territory
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-enters-oversold-territory-1
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DEA entered into oversold territory, changing hands as low as $17.64 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Easterly Government Properties Inc, the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 5.91% based upon the recent $17.95 share price.
A bullish investor could look at DEA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DEA's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DEA entered into oversold territory, changing hands as low as $17.64 per share.
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Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 5.91% based upon the recent $17.95 share price. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DEA entered into oversold territory, changing hands as low as $17.64 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DEA entered into oversold territory, changing hands as low as $17.64 per share.
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But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of DEA entered into oversold territory, changing hands as low as $17.64 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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82ecd897-492e-45d8-b194-9ace0a4c1042
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723343.0
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2022-08-25 00:00:00 UTC
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Easterly Government (DEA) Announces Buyout in Council Bluffs
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DEA
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https://www.nasdaq.com/articles/easterly-government-dea-announces-buyout-in-council-bluffs
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nan
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nan
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Easterly Government Properties DEA announced the acquisition of the 28,900-leased-square-foot U.S. District courthouse in Council Bluffs, Iowa. The move comes as part of the company’s acquisition efforts, and following this acquisition, Easterly owns, directly or through its previously announced joint venture (JV), 95 properties aggregating 9.1 million square feet.
Built in 2021, this build-to-suit facility, which is referred as JUD - Council Bluffs, is fully leased to the General Services Administration on behalf of the U.S. District Court. Particularly, the leasing is under a 20-year non-cancelable lease, which will expire in 2041. Also, there are two five-year renewal options, which, if exercised, will result in the extension of the lease until 2051. This ensures a steady stream of rental revenues for the long period.
Easterly Government Properties has been focused on strategic buyouts, and so far in the year, it has acquired six properties for a total pro rata contractual purchase price of roughly $179.1 million. These acquisitions were made either directly or through its previously announced JV. The acquisitions mark $107.7 million of the wholly owned acquisition target of $200 to $250 million and $71.4 million of the pro rata JV acquisition goal of $145 million.
With a focus on the acquisition, development and management of class A commercial properties that are leased to the U.S. Government, DEA is well-poised to experience a steady flow of rental revenues over the long term.
However, reflecting broader market concerns, shares of this Zacks Rank #3 (Hold) company have declined 3.3% quarter to date compared to the S&P 500’s increase of 9%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Stocks to Consider
Some key picks from the REIT sector include Public Storage PSA and Host Hotels & Resorts HST.
Public Storage carries a Zacks Rank of 2 (Buy) at present. Public Storage’s long-term growth rate is projected at 7%. The Zacks Consensus Estimate for PSA’s 2022 funds from operations (FFO) per share has been revised marginally upward in the past month.
The Zacks Consensus Estimate for Host Hotels & Resorts’ 2022 FFO per share has moved nearly 3.6% upward in the past month to $1.73. HST presently carries a Zacks Rank of 2.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With a focus on the acquisition, development and management of class A commercial properties that are leased to the U.S. Government, DEA is well-poised to experience a steady flow of rental revenues over the long term. Easterly Government Properties DEA announced the acquisition of the 28,900-leased-square-foot U.S. District courthouse in Council Bluffs, Iowa. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties DEA announced the acquisition of the 28,900-leased-square-foot U.S. District courthouse in Council Bluffs, Iowa. With a focus on the acquisition, development and management of class A commercial properties that are leased to the U.S. Government, DEA is well-poised to experience a steady flow of rental revenues over the long term.
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Easterly Government Properties DEA announced the acquisition of the 28,900-leased-square-foot U.S. District courthouse in Council Bluffs, Iowa. With a focus on the acquisition, development and management of class A commercial properties that are leased to the U.S. Government, DEA is well-poised to experience a steady flow of rental revenues over the long term. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties DEA announced the acquisition of the 28,900-leased-square-foot U.S. District courthouse in Council Bluffs, Iowa. With a focus on the acquisition, development and management of class A commercial properties that are leased to the U.S. Government, DEA is well-poised to experience a steady flow of rental revenues over the long term. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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d08e0000-f3a7-4b7c-9029-9a18dc82c64a
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723344.0
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2022-08-15 00:00:00 UTC
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Easterly Government Properties (NYSE:DEA) shareholders have endured a 8.8% loss from investing in the stock a year ago
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-nyse%3Adea-shareholders-have-endured-a-8.8-loss-from
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nan
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nan
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It's understandable if you feel frustrated when a stock you own sees a lower share price. But sometimes a share price fall can have more to do with market conditions than the performance of the specific business. The Easterly Government Properties, Inc. (NYSE:DEA) is down 14% over a year, but the total shareholder return is -8.8% once you include the dividend. And that total return actually beats the market decline of 8.9%. However, the longer term returns haven't been so bad, with the stock down 8.2% in the last three years.
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Even though the Easterly Government Properties share price is down over the year, its EPS actually improved. Of course, the situation might betray previous over-optimism about growth.
It's fair to say that the share price does not seem to be reflecting the EPS growth. So it's easy to justify a look at some other metrics.
We don't see any weakness in the Easterly Government Properties' dividend so the steady payout can't really explain the share price drop. The revenue trend doesn't seem to explain why the share price is down. Of course, it could simply be that it simply fell short of the market consensus expectations.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
NYSE:DEA Earnings and Revenue Growth August 15th 2022
We know that Easterly Government Properties has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Easterly Government Properties the TSR over the last 1 year was -8.8%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
Easterly Government Properties shareholders are down 8.8% over twelve months (even including dividends), which isn't far from the market return of -8.9%. The silver lining is that longer term investors would have made a total return of 5% per year over half a decade. If the fundamental data remains strong, and the share price is simply down on sentiment, then this could be an opportunity worth investigating. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 3 warning signs for Easterly Government Properties (1 shouldn't be ignored) that you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NYSE:DEA Earnings and Revenue Growth August 15th 2022 We know that Easterly Government Properties has improved its bottom line over the last three years, but what does the future have in store? The Easterly Government Properties, Inc. (NYSE:DEA) is down 14% over a year, but the total shareholder return is -8.8% once you include the dividend. A Different Perspective Easterly Government Properties shareholders are down 8.8% over twelve months (even including dividends), which isn't far from the market return of -8.9%.
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The Easterly Government Properties, Inc. (NYSE:DEA) is down 14% over a year, but the total shareholder return is -8.8% once you include the dividend. NYSE:DEA Earnings and Revenue Growth August 15th 2022 We know that Easterly Government Properties has improved its bottom line over the last three years, but what does the future have in store? While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance.
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The Easterly Government Properties, Inc. (NYSE:DEA) is down 14% over a year, but the total shareholder return is -8.8% once you include the dividend. NYSE:DEA Earnings and Revenue Growth August 15th 2022 We know that Easterly Government Properties has improved its bottom line over the last three years, but what does the future have in store? One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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The Easterly Government Properties, Inc. (NYSE:DEA) is down 14% over a year, but the total shareholder return is -8.8% once you include the dividend. NYSE:DEA Earnings and Revenue Growth August 15th 2022 We know that Easterly Government Properties has improved its bottom line over the last three years, but what does the future have in store? One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
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0a3b2966-71ca-4a43-a72d-c510015dd69f
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723345.0
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2022-08-14 00:00:00 UTC
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3 Dividend Stocks to Buy Right Now Without Any Hesitation
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DEA
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https://www.nasdaq.com/articles/3-dividend-stocks-to-buy-right-now-without-any-hesitation
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nan
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nan
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Has inflation peaked or could it surge even higher? Are we in a recession or not? With so much uncertainty about the macroeconomic environment, it's understandable why investors might be reluctant to buy stocks -- even dividend stocks.
However, there are some alternatives that shouldn't cause any angst. Here are three dividend stocks to buy right now without any hesitation.
1. Brookfield Renewable
Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) pays a dividend yield of over 3%. The distribution has increased by a compound annual growth rate (CAGR) of 6% since 2013. The company expects to keep growing its distribution by 5% to 9% annually over the long term.
That's without question an attractive dividend. However, the main reason to consider buying Brookfield Renewable is its exceptionally strong growth prospects.
Brookfield Renewable ranks as one of the leading global providers of renewable energy. It operates hydroelectric, wind, solar, and distributed generation facilities on four continents. The demand for renewable energy will almost certainly increase significantly in the coming years.
The Inflation Reduction Act should add yet another tailwind for Brookfield Renewable. CEO Connor Tesky said in the company's recent quarterly conference call that the bill "will without doubt be a net positive" to Brookfield Renewable's business. Even without this legislation, though, Brookfield Renewable should be poised to deliver impressive total returns going forward.
2. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) offers an even higher dividend yield of 5.6%. As a real estate investment trust (REIT), the company must return at least 90% of its taxable income to shareholders via dividends.
How likely is it that Easterly will remain profitable? Very. The company specializes in leasing properties to mission-critical U.S. government agencies including the Federal Bureau of Investigation and the Veterans Administration. Easterly often reminds investors that "100% of its annualized income is backed by the full faith and credit of the U.S. government."
Rising interest rates caused some investors to be concerned about Easterly experiencing higher costs to fund expansion. However, this actually could work to Easterly's benefit by shaking out the competition. Chairman Darrel Crate noted in Easterly's latest conference call that the exit of some players and other developers potentially being overextended "will have a positive effect" on his company's ability to pick up attractive assets over the next couple of years.
Easterly's prospects appear to be very good over the longer term. There's a high barrier to entry to the government properties market. Uncle Sam has also ramped up leasing of office space instead of purchasing properties over the past few decades -- a trend that's likely to continue.
3. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) (MPT) stands out as one of the best high-yield dividend stocks on the market. The healthcare REIT's dividend yield tops 7.1%. MPT has increased its dividend for 10 consecutive years.
The company currently owns 447 properties with around 46,000 licensed beds. While the majority of these properties are in the U.S., MPT also owns facilities in Australia, Columbia, Finland, Germany, Italy, Portugal, Spain, Switzerland, and the United Kingdom.
Higher interest rates have weighed on MPT stock this year. However, the company has continued to add properties, acquiring three Spanish radiotherapy facilities as well as two healthcare facilities in Arizona and Florida during the second quarter of 2022.
MPT is also well protected against inflation thanks to its automatic rent escalators. CFO Steven Hamner stated in the company's Q2 call that it estimates cash rents will increase by around $57 million this year as a result of these inflation-based escalators.
The need for the kinds of hospitals and other healthcare facilities that MPT owns should increase over time, especially with aging populations. Although its share price could fluctuate somewhat, MPT should be a safe dividend stock to buy and hold over the long run.
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Keith Speights has positions in Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners L.P. The Motley Fool has positions in and recommends Brookfield Renewable Corporation Inc. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) offers an even higher dividend yield of 5.6%. Chairman Darrel Crate noted in Easterly's latest conference call that the exit of some players and other developers potentially being overextended "will have a positive effect" on his company's ability to pick up attractive assets over the next couple of years. While the majority of these properties are in the U.S., MPT also owns facilities in Australia, Columbia, Finland, Germany, Italy, Portugal, Spain, Switzerland, and the United Kingdom.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) offers an even higher dividend yield of 5.6%. Brookfield Renewable Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) pays a dividend yield of over 3%. Medical Properties Trust Medical Properties Trust (NYSE: MPW) (MPT) stands out as one of the best high-yield dividend stocks on the market.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) offers an even higher dividend yield of 5.6%. Medical Properties Trust Medical Properties Trust (NYSE: MPW) (MPT) stands out as one of the best high-yield dividend stocks on the market. See the 10 stocks *Stock Advisor returns as of August 11, 2022 Keith Speights has positions in Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners L.P.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) offers an even higher dividend yield of 5.6%. See the 10 stocks *Stock Advisor returns as of August 11, 2022 Keith Speights has positions in Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners L.P. The Motley Fool recommends Easterly Government Properties.
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fe39a68f-a50f-4dda-a885-6dc44f5285ad
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723346.0
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2022-08-08 00:00:00 UTC
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Ex-Dividend Reminder: Easterly Government Properties Inc, Wintrust Financial Corp and Silicon Motion Technology Corp
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DEA
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-easterly-government-properties-inc-wintrust-financial-corp-and
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 8/10/22, Easterly Government Properties Inc (Symbol: DEA), Wintrust Financial Corp (Symbol: WTFC), and Silicon Motion Technology Corp (Symbol: SIMO) will all trade ex-dividend for their respective upcoming dividends. Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 8/23/22, Wintrust Financial Corp will pay its quarterly dividend of $0.34 on 8/25/22, and Silicon Motion Technology Corp will pay its quarterly dividend of $0.50 on 8/25/22. As a percentage of DEA's recent stock price of $18.92, this dividend works out to approximately 1.40%, so look for shares of Easterly Government Properties Inc to trade 1.40% lower — all else being equal — when DEA shares open for trading on 8/10/22. Similarly, investors should look for WTFC to open 0.39% lower in price and for SIMO to open 0.62% lower, all else being equal.
Below are dividend history charts for DEA, WTFC, and SIMO, showing historical dividends prior to the most recent ones declared.
Easterly Government Properties Inc (Symbol: DEA):
Wintrust Financial Corp (Symbol: WTFC):
Silicon Motion Technology Corp (Symbol: SIMO):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.60% for Easterly Government Properties Inc, 1.55% for Wintrust Financial Corp, and 2.49% for Silicon Motion Technology Corp.
Free Report: Top 7%+ Dividends (paid monthly)
In Monday trading, Easterly Government Properties Inc shares are currently up about 0.7%, Wintrust Financial Corp shares are up about 1.1%, and Silicon Motion Technology Corp shares are off about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of DEA's recent stock price of $18.92, this dividend works out to approximately 1.40%, so look for shares of Easterly Government Properties Inc to trade 1.40% lower — all else being equal — when DEA shares open for trading on 8/10/22. Looking at the universe of stocks we cover at Dividend Channel, on 8/10/22, Easterly Government Properties Inc (Symbol: DEA), Wintrust Financial Corp (Symbol: WTFC), and Silicon Motion Technology Corp (Symbol: SIMO) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for DEA, WTFC, and SIMO, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/10/22, Easterly Government Properties Inc (Symbol: DEA), Wintrust Financial Corp (Symbol: WTFC), and Silicon Motion Technology Corp (Symbol: SIMO) will all trade ex-dividend for their respective upcoming dividends. Easterly Government Properties Inc (Symbol: DEA): Wintrust Financial Corp (Symbol: WTFC): Silicon Motion Technology Corp (Symbol: SIMO): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DEA's recent stock price of $18.92, this dividend works out to approximately 1.40%, so look for shares of Easterly Government Properties Inc to trade 1.40% lower — all else being equal — when DEA shares open for trading on 8/10/22.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/10/22, Easterly Government Properties Inc (Symbol: DEA), Wintrust Financial Corp (Symbol: WTFC), and Silicon Motion Technology Corp (Symbol: SIMO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DEA's recent stock price of $18.92, this dividend works out to approximately 1.40%, so look for shares of Easterly Government Properties Inc to trade 1.40% lower — all else being equal — when DEA shares open for trading on 8/10/22. Below are dividend history charts for DEA, WTFC, and SIMO, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/10/22, Easterly Government Properties Inc (Symbol: DEA), Wintrust Financial Corp (Symbol: WTFC), and Silicon Motion Technology Corp (Symbol: SIMO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DEA's recent stock price of $18.92, this dividend works out to approximately 1.40%, so look for shares of Easterly Government Properties Inc to trade 1.40% lower — all else being equal — when DEA shares open for trading on 8/10/22. Below are dividend history charts for DEA, WTFC, and SIMO, showing historical dividends prior to the most recent ones declared.
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6e7d2b5c-bdc4-433a-8608-656d273530b3
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723347.0
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2022-08-02 00:00:00 UTC
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Easterly Government Properties (DEA) Q2 FFO and Revenues Miss Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-q2-ffo-and-revenues-miss-estimates
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -2.94%. A quarter ago, it was expected that this property management company would post FFO of $0.34 per share when it actually produced FFO of $0.33, delivering a surprise of -2.94%.
Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.76 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.83%. This compares to year-ago revenues of $68.61 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have lost about 12.1% since the beginning of the year versus the S&P 500's decline of -13.6%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.34 on $78.65 million in revenues for the coming quarter and $1.34 on $306.48 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, DiamondRock Hospitality (DRH), has yet to report results for the quarter ended June 2022. The results are expected to be released on August 3.
This hotel and resort real estate investment trust is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +520%. The consensus EPS estimate for the quarter has been revised 2.9% higher over the last 30 days to the current level.
DiamondRock Hospitality's revenues are expected to be $263.74 million, up 111.4% from the year-ago quarter.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.76 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.83%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.76 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.83%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.76 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 2.83%.
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2022-08-01 00:00:00 UTC
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3 High-Yield Dividend Stocks to Buy in August
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DEA
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https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-to-buy-in-august
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nan
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nan
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High prices. High temperatures. High dividend yields. Two of the three aren't desirable. And the lone exception sometimes comes with problems. I'm referring, of course, to high dividend yields. While they're attractive to investors, they can also indicate underlying business issues that practically scream, "Stay away!"
However, that's not always the case. Here are three high-yield dividend stocks to buy in August (listed in alphabetical order).
1. Easterly Government Properties
It looks like the U.S. has entered a recession based on the latest gross domestic product data. Investors especially prefer stable stocks during economic downturns. That's why Easterly Government Properties (NYSE: DEA) appears to be an attractive high-yield dividend stock to buy.
Easterly is a real estate investment trust (REIT) that owns, either directly or through a joint venture, 94 properties. Nearly all of those properties are leased to mission-critical U.S. government agencies. There's no more reliable tenant on the planet than Uncle Sam.
As a REIT, Easterly must return at least 90% of its taxable income to shareholders in the form of dividends. Its dividend yield currently stands at nearly 5.4%.
Rising interest rates could be a headwind for Easterly by making it more expensive to borrow money for expansion. That's a big reason why the stock is down year to date, although Easterly is still beating the broader market indexes. Over the long term, though, the company should be able to continue growing.
2. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) is another of the safest dividend stocks around. It ranks as one of the leading midstream energy companies, with assets including more than 50,000 miles of crude oil, natural gas liquid, natural gas, petrochemicals, and refined products pipelines.
The stock has been a big winner so far in 2022, rising more than 20%. Enterprise has benefited from the dynamics boosting the entire energy sector. However, the company isn't dependent on commodity prices like many other companies in the oil and gas industry are. Enterprise charges fees for using its pipelines and other facilities
Investors should really like Enterprise's juicy dividend yield of nearly 7.3%. Even better, the company has increased its distribution for 23 consecutive years.
The biggest question for Enterprise relates to its prospects as the world transitions away from fossil fuels to clean energy sources. However, the demand for oil and gas is expected to continue increasing at least through 2040. In the meantime, Enterprise should be able to deliver a great yield and growth.
3. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) (MPT) is a healthcare REIT that owns 440 hospital facilities in 10 countries. Over 200 of these properties are general acute-care hospitals. MPT leases its facilities to 53 hospital operating companies.
To be sure, MPT stock has underperformed in 2022. Its shares have plunged nearly 30% year to date. Investors have been concerned about the company's ability to fund acquisitions with rising interest rates. Its declining stock price worsened those worries.
However, MPT's valuation now looks quite attractive with shares trading at only nine times expected earnings. The company's dividend yield has also risen to nearly 7% as its stock has fallen.
MPT still expects to complete acquisitions totaling between $1 billion and $3 billion this year. Its underlying business is solid. The company's long-term prospects also remain strong. Investors looking for a relatively safe high dividend yield will definitely want to consider Medical Properties Trust.
10 stocks we like better than Enterprise Products Partners
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Stock Advisor returns as of 2/14/21
Keith Speights has positions in Enterprise Products Partners. The Motley Fool recommends Easterly Government Properties and Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's why Easterly Government Properties (NYSE: DEA) appears to be an attractive high-yield dividend stock to buy. Easterly Government Properties It looks like the U.S. has entered a recession based on the latest gross domestic product data. Easterly is a real estate investment trust (REIT) that owns, either directly or through a joint venture, 94 properties.
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That's why Easterly Government Properties (NYSE: DEA) appears to be an attractive high-yield dividend stock to buy. Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) is another of the safest dividend stocks around. Medical Properties Trust Medical Properties Trust (NYSE: MPW) (MPT) is a healthcare REIT that owns 440 hospital facilities in 10 countries.
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That's why Easterly Government Properties (NYSE: DEA) appears to be an attractive high-yield dividend stock to buy. Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) is another of the safest dividend stocks around. See the 10 stocks Stock Advisor returns as of 2/14/21 Keith Speights has positions in Enterprise Products Partners.
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That's why Easterly Government Properties (NYSE: DEA) appears to be an attractive high-yield dividend stock to buy. However, the company isn't dependent on commodity prices like many other companies in the oil and gas industry are. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Enterprise Products Partners wasn't one of them!
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2022-05-24 00:00:00 UTC
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Looking for a Rock-Solid Passive Income Stream: Check Out This 5.6%-Yielding Dividend Stock
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DEA
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https://www.nasdaq.com/articles/looking-for-a-rock-solid-passive-income-stream%3A-check-out-this-5.6-yielding-dividend-stock
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Earning passive income is one of the keys to becoming finically independent. Once your income from passive activities exceeds your expenses, you can stop actively working to make money.
However, the passive income needs to be sustainable for you to stay financially independent. Those wanting to ensure their passive income is on a firm foundation should look at Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) focuses on leasing mission-critical properties to the U.S. government. With its rental income backed by the full faith and credit of the U.S. government, this REIT should have no problem paying its dividend in the future.
Image source: Getty Images.
Taking security to another level
Several REITs own buildings leased to U.S. government agencies. The Federal government is the largest employer globally and the largest office tenant in the country. Further, the government is among the highest quality tenants because it always pays its rent. That makes government-leased real estate some of the safest investments.
Easterly Government Properties takes the safety of the U.S. government as a tenant even further. This office REIT focuses on leasing high-quality space to mission-critical government agencies. This three-pronged focus on the agency (growth and importance), mission (core and requires specialized space), and building (strategic location and built-to-suit design) further enhance the long-term security of its rental income.
Currently, Easterly Government Properties owns 89 properties with 8.6 million square feet of space that's 99% leased with an average weighted remaining lease term of 9.7 years. The REIT's properties include office (67% of its leased square feet), VA Outpatient (15%), lab (7%), courthouse/office (4%), and other (including warehouse and manufacturing) (7%). Leases on these buildings will supply the company with $2.6 billion of rental income over their term, backed by the full faith and credit of the U.S. government.
That rock-solid rental income provides ample support for Easterly's 5.6%-yielding dividend. The REIT further enhances its dividend safety with a healthy balance sheet and a sustainable dividend payout ratio of less than 80% of its FFO.
Layering in additional streams of stable income
Easterly's existing portfolio should provide the REIT with steadily rising rental income. The structure of its rental contracts features inflation-linked adjustments to cover higher real estate taxes and operating expenses. Meanwhile, there's additional rental income upside potential upon renewal. Given the mission-critical nature of properties built to suit the needs of its tenants, Easterly can raise rents upon renewal to higher rates based on market prices or the higher replacement cost of the building.
The REIT has two other growth drivers: Acquisitions and development. Easterly has a long history of acquiring properties essential to the mission of select government agencies. For example, it recently purchased an FBI field office in Tampa from fellow office REIT Highwoods Properties (NYSE: HIW) for $70.4 million. Highwoods built that property specifically for the FBI in 2005, which signed a long-term lease renewal in 2020. The deal will help Highwoods pay down debt used to buy a portfolio of office properties last year while supplying Easterly with another high-quality government building. The REIT also recently acquired a build-to-suite warehouse leased to the Natural Archives and Records Administration.
Meanwhile, the REIT formed a joint venture last year to acquire 10 properties leased to the VA on a rolling basis through the end of next year. The JV recently purchased its sixth property as part of that deal.
Easterly will also selectively develop purpose-built properties for the U.S. government. It's currently building a lab for the FDA in Atlanta that it should complete by the second quarter of 2024. It will serve as one of 13 regional labs for the FDA.
Rising rental income from its existing portfolio and additional rental streams from new properties should enable Easterly to pay a steadily rising dividend. Easterly increased its dividend last year, one of several raises it has given investors over the years. The REIT also recently authorized a buyback of up to 5% of its outstanding shares. A falling share count means it will pay future dividends across fewer shares, further enhancing its payout.
A bond-like investment with equity upside
Because Easterly's focus on owning mission-critical government buildings enables it to generate bond-like income, it can pay an attractive dividend, currently yielding over 5%. The REIT also offers some upside potential from its growing rental revenues, acquisitions, and development projects, further supporting its dividend. These factors make Easterly a potentially attractive option for investors seeking a lower-risk passive income stream.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 27, 2022
Matthew DiLallo has no position in any of the stocks mentioned. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The deal will help Highwoods pay down debt used to buy a portfolio of office properties last year while supplying Easterly with another high-quality government building. Those wanting to ensure their passive income is on a firm foundation should look at Easterly Government Properties (NYSE: DEA). The JV recently purchased its sixth property as part of that deal.
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Those wanting to ensure their passive income is on a firm foundation should look at Easterly Government Properties (NYSE: DEA). The deal will help Highwoods pay down debt used to buy a portfolio of office properties last year while supplying Easterly with another high-quality government building. The JV recently purchased its sixth property as part of that deal.
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The deal will help Highwoods pay down debt used to buy a portfolio of office properties last year while supplying Easterly with another high-quality government building. Those wanting to ensure their passive income is on a firm foundation should look at Easterly Government Properties (NYSE: DEA). The JV recently purchased its sixth property as part of that deal.
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The deal will help Highwoods pay down debt used to buy a portfolio of office properties last year while supplying Easterly with another high-quality government building. Those wanting to ensure their passive income is on a firm foundation should look at Easterly Government Properties (NYSE: DEA). The JV recently purchased its sixth property as part of that deal.
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0a45b55a-0bca-4ac6-83ad-30186e094d36
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723350.0
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2022-05-23 00:00:00 UTC
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3 High-Yield Dividend Stocks You'll Never Have to Sell
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DEA
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https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-youll-never-have-to-sell
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nan
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nan
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High yield equals high risk. That's the conventional wisdom about dividend stocks. With this perspective, investors shouldn't bank on holding high-yield dividend stocks for very long -- if they buy them in the first place.
However, the conventional wisdom isn't always applicable. Here are three high-yield dividend stocks that you'll probably never have to sell.
Image source: Getty Images.
1. Easterly Government Properties
I think the conventional wisdom about high yields equalling high risk is absolutely demolished with Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) boasts a dividend yield of 5.6%. However, it's about as far from high-risk as you'll find.
As its name indicates, Easterly owns properties that it leases to government agencies. The company specializes in acquiring properties to be used by mission-critical U.S. federal agencies including the Veterans Administration, Federal Bureau of Investigation, and General Services Administration.
Easterly's management often mentions that much of the company's cash flow is "backed by the full faith and credit of the United States government." They're not exaggerating. Of the company's 89 properties, all but one is leased to a federal agency with long-term agreements in place.
Uncle Sam seems likely to choose leasing buildings versus owning even more in the future because of budget constraints. Easterly should be able to continue growing -- and keeping those dividends flowing -- for a long time to come.
2. Medical Properties Trust
If you like Easterly's yield, you'll love Medical Properties Trust (NYSE: MPW). It's also a REIT and pays a dividend yield of 6.4%. While some of its peers have reduced their dividends, Medical Properties Trust has increased its dividend for 10 consecutive years.
You won't give up the potential for solid returns with this dividend stock. Over the past five years, Medical Properties Trust has delivered a total return in line with that of the S&P 500.
The company owns around 440 hospitals and operates in 10 countries. Medical Properties Trust expects to invest between $1 billion and $3 billion this year in acquiring additional properties. Acquisitions are important to Medical Properties Trust's growth. However, its built-in annual rent increases help too.
It's true that many high-yield dividend stocks require investors to trade off those yields for either higher risk or anemic growth. Medical Properties Trust is a clear exception. That's why I think it's the best healthcare dividend stock on the planet.
3. Verizon Communications
Income investors have liked Verizon Communications (NYSE: VZ) for decades. The telecommunications giant offers a dividend yield of 5.2%. Verizon has also increased its dividend for 15 consecutive years.
While Verizon has been a steady Eddie on the dividend front, it hasn't been a big winner for investors in recent years. Still, though, the telecom stock is holding up pretty well so far this year with the overall market pullback.
More importantly, Verizon could have huge growth potential going forward. Increased 5G adoption opens up lots of opportunities for the company, including powering home internet use.
Verizon is by far the biggest of these three high-yielders based on market cap. However, it's also the most attractively valued with shares trading at close to nine times expected earnings. With its juicy dividend, history of dividend increases, and solid growth prospects, Verizon is a textbook example of a dividend stock to buy and hold.
10 stocks we like better than Verizon Communications
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Verizon Communications wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of April 27, 2022
Keith Speights has no position in any of the stocks mentioned. The Motley Fool recommends Easterly Government Properties and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties I think the conventional wisdom about high yields equalling high risk is absolutely demolished with Easterly Government Properties (NYSE: DEA). Easterly's management often mentions that much of the company's cash flow is "backed by the full faith and credit of the United States government." It's true that many high-yield dividend stocks require investors to trade off those yields for either higher risk or anemic growth.
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Easterly Government Properties I think the conventional wisdom about high yields equalling high risk is absolutely demolished with Easterly Government Properties (NYSE: DEA). While some of its peers have reduced their dividends, Medical Properties Trust has increased its dividend for 10 consecutive years. Medical Properties Trust expects to invest between $1 billion and $3 billion this year in acquiring additional properties.
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Easterly Government Properties I think the conventional wisdom about high yields equalling high risk is absolutely demolished with Easterly Government Properties (NYSE: DEA). While some of its peers have reduced their dividends, Medical Properties Trust has increased its dividend for 10 consecutive years. With its juicy dividend, history of dividend increases, and solid growth prospects, Verizon is a textbook example of a dividend stock to buy and hold.
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Easterly Government Properties I think the conventional wisdom about high yields equalling high risk is absolutely demolished with Easterly Government Properties (NYSE: DEA). As its name indicates, Easterly owns properties that it leases to government agencies. Verizon has also increased its dividend for 15 consecutive years.
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91019725-314f-40e7-9f78-aa83a121836f
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723351.0
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2022-05-21 00:00:00 UTC
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Buying These 5 Dividend Stocks Can Make You Nearly $33,000 in Passive Income
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DEA
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https://www.nasdaq.com/articles/buying-these-5-dividend-stocks-can-make-you-nearly-%2433000-in-passive-income
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nan
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Working to make money is smart. Making your money work for you is even smarter. There are lots of ways to generate passive income. Investing in dividend stocks is one of the tried-and-true approaches.
But some dividend stocks are better than others at making your money work for you. Buying $100,000 of each of these 5 dividend stocks can make you nearly $33,000 in passive income per year.
Image source: Getty Images.
1. Devon Energy
You'll be hard-pressed to find a better dividend stock these days than Devon Energy (NYSE: DVN). The oil and gas producer offers a fixed-plus-variable dividend that should yield around 8% this year. An initial investment of $100,000 in the stock will make you roughly $8,000 over the next 12 months.
Devon's dividend yield is around 6 times greater than the S&P 500 average yield. The company has paid a dividend for 29 consecutive years. The stock has also been a huge winner, skyrocketing 179% last year and up nearly 60% so far in 2022.
2. Easterly Government Properties
Organized as a real estate investment trust (REIT), Easterly Government Properties (NYSE: DEA) must return at least 90% of its taxable income to shareholders as dividends. It has plenty of income to distribute. Easterly's dividend yield currently stands at 6.37%. Buying $100,000 of the stock can make you $6,370 in annual passive income.
Easterly focuses on leasing properties to U.S. federal agencies. There's arguably no better tenant in the world than Uncle Sam. This is the kind of dividend stock that you can buy and hold without having to worry about its underlying business.
3. Enterprise Products Partners
Investing another $100,000 in Enterprise Products Partners (NYSE: EPD) can generate $6,940 per year in income. That's because the midstream energy company's dividend yields 6.94% right now.
Enterprise ranks as one of the safest energy dividend stocks on the market. Its assets include oil and gas pipelines, storage and transportation facilities, and more. Even if oil and gas prices decline, the company will be in good shape. And its stock is trouncing the overall market with a year-to-date gain of more than 20%.
4. Medical Properties Trust
You can also make plenty of passive income with Medical Properties Trust (NYSE: MPW)(MPT). Buying $100,000 worth of the healthcare REIT's shares will produce $6,370 per year thanks to MPT's dividend yield of 6.37%.
MPT is also a pretty safe pick. The company owns and leases hospital facilities in 10 countries. It has a diversified tenant base of 53 hospital operators with the single largest portfolio representing less than 3% of its total portfolio.
5. Verizon Communications
Verizon Communications (NYSE: VZ) offers a dividend yield of 5.24%. Therefore, an investment of $100,000 in the telecom stock will generate $5,240 in annual income. That brings the grand total of passive income potential for the five dividend stocks mentioned to $32,920.
The company has increased its dividend for 15 consecutive years. Although the stock hasn't been a big winner in recent years, it's holding up better than most in the current market decline. Verizon's future prospects also appear to be good with the increased adoption of 5G networks.
10 stocks we like better than Verizon Communications
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Verizon Communications wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 27, 2022
Keith Speights has positions in Devon Energy and Enterprise Products Partners. The Motley Fool recommends Easterly Government Properties, Enterprise Products Partners, and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Organized as a real estate investment trust (REIT), Easterly Government Properties (NYSE: DEA) must return at least 90% of its taxable income to shareholders as dividends. Buying $100,000 worth of the healthcare REIT's shares will produce $6,370 per year thanks to MPT's dividend yield of 6.37%. Although the stock hasn't been a big winner in recent years, it's holding up better than most in the current market decline.
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Easterly Government Properties Organized as a real estate investment trust (REIT), Easterly Government Properties (NYSE: DEA) must return at least 90% of its taxable income to shareholders as dividends. Enterprise Products Partners Investing another $100,000 in Enterprise Products Partners (NYSE: EPD) can generate $6,940 per year in income. Medical Properties Trust You can also make plenty of passive income with Medical Properties Trust (NYSE: MPW)(MPT).
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Easterly Government Properties Organized as a real estate investment trust (REIT), Easterly Government Properties (NYSE: DEA) must return at least 90% of its taxable income to shareholders as dividends. But some dividend stocks are better than others at making your money work for you. Buying $100,000 of each of these 5 dividend stocks can make you nearly $33,000 in passive income per year.
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Easterly Government Properties Organized as a real estate investment trust (REIT), Easterly Government Properties (NYSE: DEA) must return at least 90% of its taxable income to shareholders as dividends. Buying $100,000 of each of these 5 dividend stocks can make you nearly $33,000 in passive income per year. Buying $100,000 of the stock can make you $6,370 in annual passive income.
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723352.0
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2022-05-13 00:00:00 UTC
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3 Dividend Stocks You Can Buy and Hold for Decades
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DEA
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https://www.nasdaq.com/articles/3-dividend-stocks-you-can-buy-and-hold-for-decades-0
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nan
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nan
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You've probably heard the phrase "Think long term" quite a bit if you've been an investor for a while. But what time frame qualifies as a long-term horizon? There's no magic number, but 10 years seems to be a good minimum threshold.
However, there are some stocks with such strong underlying businesses that even 10 years isn't nearly long enough to own them. The ones that pay dividends can deliver especially attractive total returns. With that in mind, here are three dividend stocks you can buy and hold for decades.
Image source: Getty Images.
1. AbbVie
AbbVie (NYSE: ABBV) offers one of the most impressive dividend pedigrees around. The company is a Dividend King with 50 consecutive years of dividend increases (including the time it was part of Abbott )). Since spinning off from Abbott in 2013, AbbVie has increased its dividend by more than 250%. Its dividend yield currently tops 3.7%.
The drugmaker's consistency isn't limited to its dividend program. AbbVie has met or exceeded its adjusted earnings per share guidance in every quarter since it became an independent entity.
Humira, AbbVie's best-selling drug, faces biosimilar competition in the U.S. beginning in 2023. For some companies, the loss of exclusivity (LOE) for a top drug might lead to years of stagnation. However, AbbVie has planned well for Humira's LOE and expects to quickly return to growth in 2024.
The company has fielded a strong product lineup through internal development and acquisitions. Products including Botox, Rinvoq, Skyrizi, and Venclexta continue to deliver robust growth. AbbVie also has a deep pipeline that features nearly 20 late-stage programs.
2. Brookfield Renewable
Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) hasn't been around long enough to compile a track record like AbbVie's. However, the company has increased its dividend distribution by a compound annual growth rate of 6% since 2013. Its dividend yield now stands at close to 3.7%.
There are few markets with brighter futures than renewable energy. Countries across the world have committed to drastic reductions in carbon emissions. The only way to achieve those goals is to shift increasingly to renewable energy sources. Brookfield Renewable thinks that decarbonization "will create an unparalleled commercial opportunity."
The company is well-positioned to capitalize on that opportunity. Brookfield Renewable owns hydro, wind, solar, and storage facilities with a combined capacity of 21 gigawatts. And its development pipeline capacity totals roughly 62 gigawatts.
Unsurprisingly, Brookfield Renewable believes that it will be able to deliver strong growth for decades to come. The company expects to generate 12% to 15% returns over the long term, with its dividend distributions increasing on average between 5% and 9% annually.
Don't worry about inflation hurting Brookfield Renewable, either. CEO Connor Teskey noted in the company's recent quarterly conference call, "We see inflation as a tailwind." Around 70% of Brookfield Renewable's contracts are indexed to inflation.
3. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) can make a claim that few companies can: Its cash flow is backed by the full faith and credit of the U.S. government. You won't find many stocks that offer that kind of stability.
The company is a real estate investment trust (REIT) that primarily leases properties to the U.S. government. It currently owns 89 properties (some through a joint venture). All but one of these properties are leased to federal agencies.
As a REIT, Easterly must return at least 90% of its taxable income to shareholders in the form of dividends. The company is highly profitable, which enables it to pay a juicy dividend yield of nearly 5.7%.
Rising interest rates shouldn't hurt Easterly too much. Around 96% of its borrowings have fixed rates with long-dated maturities. And if a recession is around the corner, as Easterly chairman Darrel Crate recently stated, "There's no better tenant to have than the United States federal government."
10 stocks we like better than Easterly Government Properties
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*Stock Advisor returns as of April 7, 2022
Keith Speights has positions in AbbVie, Brookfield Renewable Corporation Inc., and Brookfield Renewable Partners L.P. The Motley Fool has positions in and recommends Brookfield Renewable Corporation Inc. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) can make a claim that few companies can: Its cash flow is backed by the full faith and credit of the U.S. government. Brookfield Renewable owns hydro, wind, solar, and storage facilities with a combined capacity of 21 gigawatts. The company expects to generate 12% to 15% returns over the long term, with its dividend distributions increasing on average between 5% and 9% annually.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) can make a claim that few companies can: Its cash flow is backed by the full faith and credit of the U.S. government. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Keith Speights has positions in AbbVie, Brookfield Renewable Corporation Inc., and Brookfield Renewable Partners L.P. The Motley Fool recommends Easterly Government Properties.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) can make a claim that few companies can: Its cash flow is backed by the full faith and credit of the U.S. government. Brookfield Renewable Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) hasn't been around long enough to compile a track record like AbbVie's. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Keith Speights has positions in AbbVie, Brookfield Renewable Corporation Inc., and Brookfield Renewable Partners L.P.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) can make a claim that few companies can: Its cash flow is backed by the full faith and credit of the U.S. government. However, there are some stocks with such strong underlying businesses that even 10 years isn't nearly long enough to own them. Unsurprisingly, Brookfield Renewable believes that it will be able to deliver strong growth for decades to come.
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599d0f84-361d-4bf4-ad75-9d6036379286
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723353.0
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2022-05-10 00:00:00 UTC
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Ex-Dividend Reminder: Charles Schwab , Easterly Government Properties and Western Alliance Bancorporation
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DEA
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-charles-schwab-easterly-government-properties-and-western-alliance
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 5/12/22, The Charles Schwab Corporation (Symbol: SCHW), Easterly Government Properties Inc (Symbol: DEA), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. The Charles Schwab Corporation will pay its quarterly dividend of $0.20 on 5/27/22, Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 5/25/22, and Western Alliance Bancorporation will pay its quarterly dividend of $0.35 on 5/27/22. As a percentage of SCHW's recent stock price of $65.59, this dividend works out to approximately 0.30%, so look for shares of The Charles Schwab Corporation to trade 0.30% lower — all else being equal — when SCHW shares open for trading on 5/12/22. Similarly, investors should look for DEA to open 1.41% lower in price and for WAL to open 0.45% lower, all else being equal.
Below are dividend history charts for SCHW, DEA, and WAL, showing historical dividends prior to the most recent ones declared.
The Charles Schwab Corporation (Symbol: SCHW):
Easterly Government Properties Inc (Symbol: DEA):
Western Alliance Bancorporation (Symbol: WAL):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.22% for The Charles Schwab Corporation, 5.62% for Easterly Government Properties Inc, and 1.82% for Western Alliance Bancorporation.
In Tuesday trading, The Charles Schwab Corporation shares are currently up about 2.3%, Easterly Government Properties Inc shares are up about 0.9%, and Western Alliance Bancorporation shares are up about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/12/22, The Charles Schwab Corporation (Symbol: SCHW), Easterly Government Properties Inc (Symbol: DEA), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.41% lower in price and for WAL to open 0.45% lower, all else being equal. Below are dividend history charts for SCHW, DEA, and WAL, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/12/22, The Charles Schwab Corporation (Symbol: SCHW), Easterly Government Properties Inc (Symbol: DEA), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. The Charles Schwab Corporation (Symbol: SCHW): Easterly Government Properties Inc (Symbol: DEA): Western Alliance Bancorporation (Symbol: WAL): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.41% lower in price and for WAL to open 0.45% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/12/22, The Charles Schwab Corporation (Symbol: SCHW), Easterly Government Properties Inc (Symbol: DEA), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. The Charles Schwab Corporation (Symbol: SCHW): Easterly Government Properties Inc (Symbol: DEA): Western Alliance Bancorporation (Symbol: WAL): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.41% lower in price and for WAL to open 0.45% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/12/22, The Charles Schwab Corporation (Symbol: SCHW), Easterly Government Properties Inc (Symbol: DEA), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.41% lower in price and for WAL to open 0.45% lower, all else being equal. Below are dividend history charts for SCHW, DEA, and WAL, showing historical dividends prior to the most recent ones declared.
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95ec9278-b487-4899-9025-577ac0e61be9
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723354.0
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2022-05-03 00:00:00 UTC
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Easterly Government Properties (DEA) Lags Q1 FFO and Revenue Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-lags-q1-ffo-and-revenue-estimates
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nan
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nan
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -2.94%. A quarter ago, it was expected that this property management company would post FFO of $0.33 per share when it actually produced FFO of $0.33, delivering no surprise.
Over the last four quarters, the company has not been able to surpass consensus FFO estimates.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.3 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 3.29%. This compares to year-ago revenues of $65 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have lost about 19.2% since the beginning of the year versus the S&P 500's decline of -12.8%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.34 on $75.98 million in revenues for the coming quarter and $1.35 on $308.48 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Sabra Healthcare (SBRA), has yet to report results for the quarter ended March 2022. The results are expected to be released on May 4.
This health care real estate investment trust is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sabra Healthcare's revenues are expected to be $161.25 million, up 5.8% from the year-ago quarter.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.3 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 3.29%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $72.3 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 3.29%.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report A quarter ago, it was expected that this property management company would post FFO of $0.33 per share when it actually produced FFO of $0.33, delivering no surprise.
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f20ef125-e324-4ca0-b4a9-3ec867fff59d
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723355.0
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2022-05-01 00:00:00 UTC
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Easterly Government Properties Inc Shares Fall 2.1% Below Previous 52-Week Low - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-fall-2.1-below-previous-52-week-low-market-mover
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 15.8% year-to-date, down 6.6% over the past 12 months, and up 20.7% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.3%.
Trading Activity
Trading volume this week was 34.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -8.0%
The company's stock price performance over the past 12 months beats the peer average by -66.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 189.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -8.0% The company's stock price performance over the past 12 months beats the peer average by -66.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 189.0% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.3%. Trading Activity Trading volume this week was 34.3% higher than the 20-day average.
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Easterly Government Properties Inc (DEA) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -8.0% The company's stock price performance over the past 12 months beats the peer average by -66.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 189.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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58e002a5-b3b3-4b28-a0f6-56a9095fde98
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723356.0
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2022-04-12 00:00:00 UTC
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We Did The Math XSHD Can Go To $25
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DEA
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https://www.nasdaq.com/articles/we-did-the-math-xshd-can-go-to-%2425
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P SmallCap High Dividend Low Volatility ETF (Symbol: XSHD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $25.06 per unit.
With XSHD trading at a recent price near $21.79 per unit, that means that analysts see 15.00% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XSHD's underlying holdings with notable upside to their analyst target prices are Getty Realty Corp. (Symbol: GTY), Brandywine Realty Trust (Symbol: BDN), and Easterly Government Properties Inc (Symbol: DEA). Although GTY has traded at a recent price of $28.33/share, the average analyst target is 18.54% higher at $33.58/share. Similarly, BDN has 18.30% upside from the recent share price of $12.68 if the average analyst target price of $15.00/share is reached, and analysts on average are expecting DEA to reach a target price of $24.00/share, which is 17.36% above the recent price of $20.45. Below is a twelve month price history chart comparing the stock performance of GTY, BDN, and DEA:
Combined, GTY, BDN, and DEA represent 6.34% of the Invesco S&P SmallCap High Dividend Low Volatility ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P SmallCap High Dividend Low Volatility ETF XSHD $21.79 $25.06 15.00%
Getty Realty Corp. GTY $28.33 $33.58 18.54%
Brandywine Realty Trust BDN $12.68 $15.00 18.30%
Easterly Government Properties Inc DEA $20.45 $24.00 17.36%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of GTY, BDN, and DEA: Combined, GTY, BDN, and DEA represent 6.34% of the Invesco S&P SmallCap High Dividend Low Volatility ETF. Invesco S&P SmallCap High Dividend Low Volatility ETF XSHD $21.79 $25.06 15.00% Getty Realty Corp. GTY $28.33 $33.58 18.54% Brandywine Realty Trust BDN $12.68 $15.00 18.30% Easterly Government Properties Inc DEA $20.45 $24.00 17.36% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XSHD's underlying holdings with notable upside to their analyst target prices are Getty Realty Corp. (Symbol: GTY), Brandywine Realty Trust (Symbol: BDN), and Easterly Government Properties Inc (Symbol: DEA).
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Three of XSHD's underlying holdings with notable upside to their analyst target prices are Getty Realty Corp. (Symbol: GTY), Brandywine Realty Trust (Symbol: BDN), and Easterly Government Properties Inc (Symbol: DEA). Below is a twelve month price history chart comparing the stock performance of GTY, BDN, and DEA: Combined, GTY, BDN, and DEA represent 6.34% of the Invesco S&P SmallCap High Dividend Low Volatility ETF. Invesco S&P SmallCap High Dividend Low Volatility ETF XSHD $21.79 $25.06 15.00% Getty Realty Corp. GTY $28.33 $33.58 18.54% Brandywine Realty Trust BDN $12.68 $15.00 18.30% Easterly Government Properties Inc DEA $20.45 $24.00 17.36% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, BDN has 18.30% upside from the recent share price of $12.68 if the average analyst target price of $15.00/share is reached, and analysts on average are expecting DEA to reach a target price of $24.00/share, which is 17.36% above the recent price of $20.45. Three of XSHD's underlying holdings with notable upside to their analyst target prices are Getty Realty Corp. (Symbol: GTY), Brandywine Realty Trust (Symbol: BDN), and Easterly Government Properties Inc (Symbol: DEA). Below is a twelve month price history chart comparing the stock performance of GTY, BDN, and DEA: Combined, GTY, BDN, and DEA represent 6.34% of the Invesco S&P SmallCap High Dividend Low Volatility ETF.
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Three of XSHD's underlying holdings with notable upside to their analyst target prices are Getty Realty Corp. (Symbol: GTY), Brandywine Realty Trust (Symbol: BDN), and Easterly Government Properties Inc (Symbol: DEA). Similarly, BDN has 18.30% upside from the recent share price of $12.68 if the average analyst target price of $15.00/share is reached, and analysts on average are expecting DEA to reach a target price of $24.00/share, which is 17.36% above the recent price of $20.45. Below is a twelve month price history chart comparing the stock performance of GTY, BDN, and DEA: Combined, GTY, BDN, and DEA represent 6.34% of the Invesco S&P SmallCap High Dividend Low Volatility ETF.
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0f844c91-4a51-40a2-9555-0bff1ea0c78c
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723357.0
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2022-04-03 00:00:00 UTC
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A Recession Could Be Coming: 3 Stocks to Buy to Be Prepared
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DEA
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https://www.nasdaq.com/articles/a-recession-could-be-coming%3A-3-stocks-to-buy-to-be-prepared
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nan
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nan
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Recessions often have warning signs before they occur. And one such warning flashed last week. The curve for five-year and 30-year U.S. Treasury bond yields inverted with the longer-term yield falling lower than the shorter-term yield.
Such inverted yield curves hint that investors are worried about the prospects for the U.S. economy. Granted, economists monitor the relationship between the two-year Treasury yield and 10-year yield more closely. That yield curve also briefly inverted last Tuesday before flattening out then inverted again on Thursday.
Inverted yield curves don't always mean that a recession is coming. But they frequently do. If that's the case this time around, here are three stocks to buy to be prepared.
Image source: Getty Images.
1. Dollar General
Consumers tighten their purse strings during economic downturns. That's bad for many retailers. However, discount retail chains can experience increased business. That's why Dollar General (NYSE: DG) could be a solid stock to own if a recession is on the way.
Dollar General operates 18,130 stores and counting across 46 U.S. states. The company plans to open 1,110 new stores in 2022. It also expects to remodel 1,750 existing stores and relocate another 120 stores.
The discount retailer has been in business for more than 80 years. It has weathered plenty of recessions during that period.
Dollar General CEO Todd Vasos noted in the company's Q4 conference call a few weeks ago that roughly three-quarters of the U.S. population now has a Dollar General store within five miles of their home. If gas prices remain high during the next recession, this convenience could especially work to Dollar General's benefit.
2. Easterly Government Properties
Many, if not most, businesses would likely be negatively impacted if a recession hits. However, Easterly Government Properties (NYSE: DEA) shouldn't see its revenue affected at all.
Easterly is a real estate investment trust (REIT) that focuses on leasing properties to U.S. federal government agencies. It owns 89 properties with a weighted-average remaining lease term of 9.7 years.
The company often states that its cash flow is "backed by the full faith and credit of the U.S. government." That's not an exaggeration. There's arguably no safer and more dependable tenant in the world than Uncle Sam.
Sure, Easterly's share price isn't completely immune to declining during a recession. However, its stock would likely fall less than most others would. And even if it dips, investors can count on a dividend that currently yields more than 5% as a nice cushion.
3. Vertex Pharmaceuticals
Drugmakers usually don't have to worry much about sales declines during recessions. That's especially true for a company that dominates the market in a given indication. Vertex Pharmaceuticals (NASDAQ: VRTX) is great example. The big biotech markets the only approved drugs that treat the underlying cause of cystic fibrosis (CF).
Vertex's CF revenue should increase regardless of what happens with the economy. The company continues to win additional regulatory approvals for younger age groups. It also keeps picking up key reimbursement deals in Europe.
But the main reason why the stock could rise is that Vertex has potential catalysts on the way that could dramatically improve its growth prospects. Vertex and its partner, CRISPR Therapeutics, should report late-stage results this year for gene-editing therapy CTX001 that could pave the way for regulatory filings by the end of 2022. Vertex thinks CTX001 has a multibillion-dollar opportunity.
Vertex also has a late-stage program targeting APOL1-mediated kidney disease. This indication could open up a bigger market than the company has in CF. The biotech plans to advance its non-opioid pain drug VX-548 into late-stage testing this year as well after recently reporting positive results from a phase 2 study.
10 stocks we like better than Dollar General
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*Stock Advisor returns as of March 3, 2022
Keith Speights owns Dollar General and Vertex Pharmaceuticals. The Motley Fool owns and recommends CRISPR Therapeutics and Vertex Pharmaceuticals. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Easterly Government Properties (NYSE: DEA) shouldn't see its revenue affected at all. It also keeps picking up key reimbursement deals in Europe. Easterly is a real estate investment trust (REIT) that focuses on leasing properties to U.S. federal government agencies.
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However, Easterly Government Properties (NYSE: DEA) shouldn't see its revenue affected at all. It also keeps picking up key reimbursement deals in Europe. See the 10 stocks *Stock Advisor returns as of March 3, 2022 Keith Speights owns Dollar General and Vertex Pharmaceuticals.
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However, Easterly Government Properties (NYSE: DEA) shouldn't see its revenue affected at all. It also keeps picking up key reimbursement deals in Europe. That's why Dollar General (NYSE: DG) could be a solid stock to own if a recession is on the way.
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However, Easterly Government Properties (NYSE: DEA) shouldn't see its revenue affected at all. It also keeps picking up key reimbursement deals in Europe. Such inverted yield curves hint that investors are worried about the prospects for the U.S. economy.
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2022-03-25 00:00:00 UTC
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3 Brilliant Stocks to Buy in an Uncertain Market
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DEA
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https://www.nasdaq.com/articles/3-brilliant-stocks-to-buy-in-an-uncertain-market
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Will the stock market continue to rebound? Or is another decline on the way soon? The truth is that no one knows the answers to these questions.
It can be challenging for investors to make decisions when volatility is high. No one wants to lose money, but no one wants to miss out on a great opportunity, either. The best approach is to focus on businesses that should be strong regardless of how the overall market performs. Here are three brilliant stocks to buy in an uncertain market.
Image source: Getty Images.
1. Easterly Government Properties
You won't find many stocks with a more reliable underlying business than Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) specializes in leasing properties to U.S. federal government agencies.
The U.S. government is arguably the most dependable tenant in the world. If the point ever comes where Uncle Sam can't make a monthly payment, we'll have much bigger problems on our hands than deciding where to invest.
Easterly continues to grow. Last year, the company purchased 12 new properties to lease out. Those additions brought its total number of properties owned to 89. Easterly expects to close on at least another six properties by the end of 2023. Its long-term growth prospects continue to look good, also, with tight federal budgets likely to spur the government to lease rather than own properties.
The REIT also offers a dividend that currently yields more than 5.1%. I think that Easterly's business model makes it one of the safest high-yield dividend stocks on the planet.
2. Brookfield Renewable
Some of the market volatility that we're experiencing is due to soaring oil prices. And those sky-high prices have resulted in a spotlight being focused on the renewable energy industry. My view is that Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) stands out as the best renewable energy stock around.
Brookfield Renewable operates hydroelectric, wind, solar, and storage facilities spread across four continents. It boasts over 21,000 megawatts in installed capacity. But that's just a start. The company's development pipeline is nearly three times greater.
Wind and solar power already are more cost-effective than fossil fuel alternatives. Brookfield Renewable's growth doesn't just hinge on cheaper prices, though. The global push to reduce carbon emissions should serve as a multidecade tailwind for the company.
In addition to its strong growth prospects, Brookfield Renewable also has an attractive dividend yield, which currently tops 3%. Brookfield Renewable expects to increase its distribution by 5% to 9% annually over the long term.
3. Pfizer
Pfizer (NYSE: PFE) could have more upside potential than meets the eye. The company's 2022 guidance projects $32 billion in sales for COVID-19 vaccine Comirnaty and $22 billion in sales for COVID-19 pill Paxlovid. Both figures are likely to be higher. I suspect that the actual sales for Paxlovid will be much higher, considering that Pfizer is gearing up to produce 120 million treatment courses.
There's some degree of uncertainty about the sustainability of demand for COVID-19 vaccines and therapies. However, this uncertainty is already baked into Pfizer's share price: Its shares trade at only 7.8 times expected earnings.
Plus, the likelihood that Pfizer will enjoy continued strong sales in the COVID-19 arena appears to be increasing. A new subvariant of the coronavirus omicron variant is causing a surge in COVID-19 cases in China and Europe. The U.S. could be next.
But Pfizer also has other growth drivers in its lineup, including blood thinner Eliquis and rare-disease drug Vyndaqel/Vyndamax. It could have even more on the way. For example, the company recently reported positive results from a late-stage study of etrasimod in treating ulcerative colitis. Pfizer picked up the drug with its recent acquisition of Arena Pharmeceuticals.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 3, 2022
Keith Speights owns Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Pfizer. The Motley Fool owns and recommends Brookfield Renewable Corporation Inc. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties You won't find many stocks with a more reliable underlying business than Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) specializes in leasing properties to U.S. federal government agencies. If the point ever comes where Uncle Sam can't make a monthly payment, we'll have much bigger problems on our hands than deciding where to invest.
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Easterly Government Properties You won't find many stocks with a more reliable underlying business than Easterly Government Properties (NYSE: DEA). See the 10 stocks *Stock Advisor returns as of March 3, 2022 Keith Speights owns Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Pfizer. The Motley Fool owns and recommends Brookfield Renewable Corporation Inc.
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Easterly Government Properties You won't find many stocks with a more reliable underlying business than Easterly Government Properties (NYSE: DEA). My view is that Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) stands out as the best renewable energy stock around. See the 10 stocks *Stock Advisor returns as of March 3, 2022 Keith Speights owns Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Pfizer.
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Easterly Government Properties You won't find many stocks with a more reliable underlying business than Easterly Government Properties (NYSE: DEA). My view is that Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) stands out as the best renewable energy stock around. Pfizer picked up the drug with its recent acquisition of Arena Pharmeceuticals.
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2022-03-15 00:00:00 UTC
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7 REITs to Buy for March 2022
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https://www.nasdaq.com/articles/7-reits-to-buy-for-march-2022
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors worried about inflation impacts and rising geopolitical risks from Russia’s invasion of Ukraine conflict could find some solace in stock from real estate investment trusts (REITs). With so many choices, though, it can be hard to know which REITs to buy.
Real estate asset returns usually lead or quickly catch up to inflation to shield investor portfolios. Their growing cash flows from rent increases may flow through to support inflation-beating dividend increases. And the best REITs to buy offer diversification benefits to any stocks and bonds portfolio.
According to the National Association of REITs (NAREIT) T-Tracker publication, REIT earnings (as measured by Funds from Operations (FFO)) surged by 24.6% in 2021.
Strong earnings growth rates could still be witnessed in the asset class as sectors continue to recover from the effects of the Covid-19 pandemic.
Interestingly, industry players enjoy some shield from rising interest rates in the near term. Most trusts took advantage of a low-interest rate regime to lock in lower interest costs for longer periods. The weighted average maturity of outstanding debt has increased from 60 months in 2009 to over 89 months by year-end 2021. REITs could do well as interest rates rise.
Most noteworthy, REITs can partly hedge stock market risks. Real estate survives inflation, and rent cash flows are protected by legally enforceable lease agreements. Even if a bear market were to persist, a REIT investor could still receive regular distributions, use the proceeds to buy the dips on beaten-down stocks or even pay the bills.
REITs distributions can pay the bills, and they are designed to do as such.
7 Growth Stocks That Trade at Attractive Valuations
Below is my selection of the seven best U.S. REITs to buy for March 2022:
AvalonBay Communities (NYSE:AVB)
Independence Realty Trust (NYSE:IRT)
Life Storage (NYSE:LSI)
Digital Realty (NYSE:DLR)
Crown Castle International (NYSE:CCI)
Easterly Government Properties (NYSE:DEA)
Postal Realty Trust (NYSE:PSTL)
Best REITs to Buy in March: AvalonBay Communities (AVB)
Source: Andriy Blokhin / Shutterstock.com
AvalonBay Communities is one of the largest apartment REITs in the United States, and a potential inflation hedging investment to consider right now. AVB owns a portfolio of 297 apartment communities with 87,992 apartment homes in 12 U.S. states and the District of Columbia.
The trust had 17 new communities under construction as of December 31, 2021, and 12 of them could be ready for occupation before the end of next year. AVB’s rental revenue could keep growing over the next 24 months.
AvalonBay’s portfolio saw same-property occupancy rates improve from 94.4% exit 2020 to 96.1% by the end of 2021. Business is getting better as Covid-19 challenges subside.
Management projected core funds from operations (FFO) for 2022 to range between $9.30 and $9.80 per share — an implied growth of 15.6% year-over-year. The portfolio’s same-property net operating income (NOI) may increase by 8.5% to 11.5% this year.
Given a booming rental business, low interest costs (an average interest rate of 3.1% per annum), and a very long weighted-average debt maturity of 8.8 years, AvalonBay stock is well-positioned to provide outperforming returns for investors in the next 24 months.
AVB units pay a regular dividend that yields 2.6% annually.
Independence Realty Trust (IRT)
Source: Shutterstock
A fast-growing multi-family apartment REIT Independence Realty Trust could be another good REIT investment to make in March to better your chances of achieving long-term financial independence.
The trust owns apartments units in 119 communities in the United States. Its units delivered a 92% capital gain over the past year, and the trust still has good momentum to add another double-digit return from here.
Although IRT’s current distribution yield is a paltry 0.3% over the next twelve months, capital gains could be substantial.
In a February earnings release, management projected an 11% year-over-year growth in same-property NOI for 2022. The company could grow its core funds from operations (CFFO) by a staggering 21% this year.
Organic growth was very strong last year as occupancy levels increased by 230 basis points to 95.7% in 2021. Rental rates also rose by 9.7% and NOI surged by 15.1% year-over-year during the fourth quarter of last year.
7 Dividend Stocks to Finance Your Golden Years
Most noteworthy, IRT REIT’s merger with Steadfast Apartment REIT (STAR) in December 2021 is accretive to growth and earnings. The market has shown its approval, units are a hotly sought-after investment even to this day.
Best REITs to Buy in March: Life Storage (LSI)
Source: Jerry Bergquist / Shutterstock.com
Self-storage properties giant Life Storage operates about 1,100 storage facilities in 35 states serving about 600,000 customers.
The trust reported a strong 16.9% increase in same-property rental revenue during the fourth quarter of 2021. Its portfolio’s average occupancy levels increased and management successfully increased rental rates by 15.2% last year without losing clients.
A strong 30% growth in FFO for 2021 to $5.08 per share versus $3.90 for 2020 was a strong feat. Naturally, a 16% dividend raise for 2022 to $1.00 per unit each quarter could be followed by another good raise in 2023. The current distribution yields 3% annually.
Life Storage’s management team guided for an 11.5% to 12.5% growth in same-store net operating income for 2022. An aggressive acquisitions-led growth spree could top that stellar result.
It’s highly likely that the trust’s targeted year-over-year growth in adjusted funds from operations to between $5.93 and $6.03 per share could be achievable for 2022.
Dividends could keep growing, and shares could generate double-digit gains this year.
Digital Realty Trust (DLR)
Source: Shutterstock
The Digital Realty Trust is a data center REIT that operates over 280 data center facilities in 50 metropolitan areas across 25 countries on six continents.
Organic revenue growth helped the trust’s FFO per unit increase by 6% year-over-year to $1.54 during the fourth quarter of last year.
DLR REIT is a buy in March because the demand for its data center solutions remains robust. The trust is “…investing organically as well as strategically to expand our global platform to provide customers the capacity and communities they require to execute their digital transformation strategies around the world,” according to CEO A. William Stein.
The REIT increased its quarterly dividend by 5% to $1.22 per share this month. This marked the 17 consecutive years of dividend growth since DLR’s initial public offering in 2004. The new payout yields a respectable 3.6% annually.
8 Strong Uptrend Stocks to Buy on the Next Dip
Management revealed its high confidence in the business’s financial strength, growth potential, and stability of recurring cash flows by increasing the dividend even as interest rate and geopolitical risks mount.
Best REITs to Buy Now: Crown Castle International (CCI)
Source: Shutterstock
Investors in cell-tower and fiber network properties owner Crown Castle International stock may have booked a nice 339% capital gain over the past decade. Income growth could be key this year as management commits to near double-digit dividend increases into the future.
Riding on the 5G growth wave, demand for small cell towers has increased. CCI runs a growing real estate business with surging free cash flows right now.
Investors saw an 8% rent revenue growth to $5.72 billion, a 14% increase in adjusted funds from operations (AFFO), and an 11% dividend increase on CCI stock in 2021. Management recently projected another 9% year-over-year increase in rental revenue and a further 6% growth in AFFO to $7.36 per share in 2022.
CCI’s current dividend yields 3.4% and has had consistent annual increases each year since 2014.
Above inflation, dividend increases could protect current income. Further, sustained revenue and earnings growth will support steady increases in CCI’s stock price beyond 2022.
Easterly Government Properties (DEA)
Source: LIDERO / Shutterstock.com
Easterly Government Properties features on this list as one of the most defensive REITs to buy right now due to its unique status as a landlord exclusively targeting “mission-critical” U.S. government agencies.
The trust owns 89 Class A properties comprising about 8.6 million square feet leased almost entirely to the United States Government agencies with long-enduring missions. Its occupancy rates usually hover around 100% — a rare and spectacular feat in the real estate industry.
7 Best Long-Term Stocks to Buy for 2022
Investors could buy DEA units for the REIT’s very stable inflation-protected rental cash flows. Its high-quality credit tenant, and a strong commitment to an accretive acquisition-led growth strategy makes the REIT a good investment.
DEA’s monthly dividend yielded a respectable 5% at the time of writing.
Top REIT to Buy in March: Postal Realty Trust (PSTL)
Source: Shutterstock
The Postal Realty Trust is the landlord to the strategically positioned United States Postal Service (USPS). The trust owns and leases over 1,350 properties to the USPS. Properties range from last mile post offices to larger industrial facilities.
Income-oriented investors love PSTL for its high dividend yields and a strong commitment to dividend increases. The current distribution yield on PSTL units is a juicy 5%. The trust has increased its distribution every quarter since it went public in 2019. The most recent 1.3% dividend increase announced in February marked a tenth consecutive quarterly dividend increase.
The Postal Realty Trust is a great REIT to buy right now for its commitment to dividend increases and strong revenue growth outlook. Analysts project a 30% growth in the trust’s total revenue for 2022.
Units could maintain some strong growth momentum as management executes an aggressive acquisitions-led growth spree.
On the date of publication, Brian Paradza did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 REITs to Buy for March 2022 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 Growth Stocks That Trade at Attractive Valuations Below is my selection of the seven best U.S. REITs to buy for March 2022: AvalonBay Communities (NYSE:AVB) Independence Realty Trust (NYSE:IRT) Life Storage (NYSE:LSI) Digital Realty (NYSE:DLR) Crown Castle International (NYSE:CCI) Easterly Government Properties (NYSE:DEA) Postal Realty Trust (NYSE:PSTL) Best REITs to Buy in March: AvalonBay Communities (AVB) Source: Andriy Blokhin / Shutterstock.com AvalonBay Communities is one of the largest apartment REITs in the United States, and a potential inflation hedging investment to consider right now. Easterly Government Properties (DEA) Source: LIDERO / Shutterstock.com Easterly Government Properties features on this list as one of the most defensive REITs to buy right now due to its unique status as a landlord exclusively targeting “mission-critical” U.S. government agencies. 7 Best Long-Term Stocks to Buy for 2022 Investors could buy DEA units for the REIT’s very stable inflation-protected rental cash flows.
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7 Growth Stocks That Trade at Attractive Valuations Below is my selection of the seven best U.S. REITs to buy for March 2022: AvalonBay Communities (NYSE:AVB) Independence Realty Trust (NYSE:IRT) Life Storage (NYSE:LSI) Digital Realty (NYSE:DLR) Crown Castle International (NYSE:CCI) Easterly Government Properties (NYSE:DEA) Postal Realty Trust (NYSE:PSTL) Best REITs to Buy in March: AvalonBay Communities (AVB) Source: Andriy Blokhin / Shutterstock.com AvalonBay Communities is one of the largest apartment REITs in the United States, and a potential inflation hedging investment to consider right now. Easterly Government Properties (DEA) Source: LIDERO / Shutterstock.com Easterly Government Properties features on this list as one of the most defensive REITs to buy right now due to its unique status as a landlord exclusively targeting “mission-critical” U.S. government agencies. 7 Best Long-Term Stocks to Buy for 2022 Investors could buy DEA units for the REIT’s very stable inflation-protected rental cash flows.
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7 Growth Stocks That Trade at Attractive Valuations Below is my selection of the seven best U.S. REITs to buy for March 2022: AvalonBay Communities (NYSE:AVB) Independence Realty Trust (NYSE:IRT) Life Storage (NYSE:LSI) Digital Realty (NYSE:DLR) Crown Castle International (NYSE:CCI) Easterly Government Properties (NYSE:DEA) Postal Realty Trust (NYSE:PSTL) Best REITs to Buy in March: AvalonBay Communities (AVB) Source: Andriy Blokhin / Shutterstock.com AvalonBay Communities is one of the largest apartment REITs in the United States, and a potential inflation hedging investment to consider right now. Easterly Government Properties (DEA) Source: LIDERO / Shutterstock.com Easterly Government Properties features on this list as one of the most defensive REITs to buy right now due to its unique status as a landlord exclusively targeting “mission-critical” U.S. government agencies. 7 Best Long-Term Stocks to Buy for 2022 Investors could buy DEA units for the REIT’s very stable inflation-protected rental cash flows.
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7 Growth Stocks That Trade at Attractive Valuations Below is my selection of the seven best U.S. REITs to buy for March 2022: AvalonBay Communities (NYSE:AVB) Independence Realty Trust (NYSE:IRT) Life Storage (NYSE:LSI) Digital Realty (NYSE:DLR) Crown Castle International (NYSE:CCI) Easterly Government Properties (NYSE:DEA) Postal Realty Trust (NYSE:PSTL) Best REITs to Buy in March: AvalonBay Communities (AVB) Source: Andriy Blokhin / Shutterstock.com AvalonBay Communities is one of the largest apartment REITs in the United States, and a potential inflation hedging investment to consider right now. Easterly Government Properties (DEA) Source: LIDERO / Shutterstock.com Easterly Government Properties features on this list as one of the most defensive REITs to buy right now due to its unique status as a landlord exclusively targeting “mission-critical” U.S. government agencies. 7 Best Long-Term Stocks to Buy for 2022 Investors could buy DEA units for the REIT’s very stable inflation-protected rental cash flows.
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2022-03-13 00:00:00 UTC
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5 of the Safest High-Yield Dividend Stocks on the Planet
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https://www.nasdaq.com/articles/5-of-the-safest-high-yield-dividend-stocks-on-the-planet-0
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Some things just go together. Batman and Robin. Peanut butter and jelly. Kermit and Miss Piggy.
However, there are also things that some think go together that really aren't necessarily joined at the hip. I'd put the pairing of high dividend yields and high levels of risk in that category.
Sure, there are plenty of examples of very risky stocks that offer high yields, but that isn't always the case. Here are five of the safest high-yield dividend stocks on the planet.
Image source: Getty Images.
1. Easterly Government Properties
I can't think of a safer high-yield stock than Easterly Government Properties (NYSE: DEA). The company's dividend yield currently tops 5%, which certainly puts it in the high-yield group. But why is Easterly safe? The company's name provides a big hint.
Easterly is a real estate investment trust (REIT) that specializes in leasing properties to U.S. federal government agencies. There's arguably no safer tenant in the world than Uncle Sam.
Federal agencies are also likely to lease more properties versus owning buildings in the future than they do now due to tight budgets. While there are other REITs in this space, Easterly has a secure spot among the market leaders.
2. Verizon Communications
Verizon Communications (NYSE: VZ) has increased its dividend payout for 15 consecutive years. Its dividend yield stands at close to 4.8%. The company's dividend payout ratio is a healthy 47.7%.
Sure, the telecommunications business is highly competitive. However, there are also huge barriers to entry. It's unlikely that Verizon will be knocked off its perch anytime soon.
Instead, the company should have significant growth opportunities. In particular, the increased adoption of 5G networks seems likely to serve as a major tailwind for Verizon for years to come.
3. IBM
IBM (NYSE: IBM) could be reasonably viewed as a great dividend stock. Big Blue ranks as a Dividend Aristocrat with 26 consecutive years of dividend increases. It's paid a dividend every quarter since 1916 and currently offers a juicy yield of 5.3%.
Granted, the stock's performance in recent years hasn't been anything to crow about. But IBM is now dirt cheap, with shares trading at barely over 12 times expected earnings.
Don't write off IBM's growth prospects. The company's hybrid cloud and consulting businesses continue to pick up momentum. IBM also has a hefty cash stockpile and strong cash flow that enable it to invest in future growth opportunities.
4. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) isn't just a high-yield stock -- it's an ultra-high-yield stock with a dividend yield of nearly 7.4%. The midstream energy company has also increased its dividend distribution for 23 years in a row.
But is any stock connected to fossil fuels safe? I think that Enterprise is. The current market dynamics that are serving as tailwinds for the company could lead to increased demand for the oil, natural gas, and petrochemicals that flow through Enterprise's pipelines.
The company's dividends alone could more than double your money within the next 10 years. And that's at current payout levels without any share appreciation. I look for more distribution increases and more growth from Enterprise for years to come.
5. Medical Properties Trust
Like Easterly Government Properties, Medical Properties Trust (NYSE: MPW) is a REIT with an attractive dividend. MPT's dividend currently yields 5.7%. The company has increased its dividend for eight consecutive years.
MPT owns around 440 properties in nine countries, including the U.S. Most of these properties are acute-care hospitals. The company also owns behavioral health facilities, inpatient rehab facilities, long-term acute-care hospitals, and freestanding emergency-room and urgent-care facilities.
Demand for healthcare services is likely to increase with aging demographic trends. MPT has also diversified its tenant base, and now leases properties to 53 hospital operators. The company's largest single property makes up less than 3% of its total portfolio.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 3, 2022
Keith Speights owns Enterprise Products Partners. The Motley Fool recommends Easterly Government Properties, Enterprise Products Partners, and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties I can't think of a safer high-yield stock than Easterly Government Properties (NYSE: DEA). Easterly is a real estate investment trust (REIT) that specializes in leasing properties to U.S. federal government agencies. Federal agencies are also likely to lease more properties versus owning buildings in the future than they do now due to tight budgets.
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Easterly Government Properties I can't think of a safer high-yield stock than Easterly Government Properties (NYSE: DEA). Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) isn't just a high-yield stock -- it's an ultra-high-yield stock with a dividend yield of nearly 7.4%. Medical Properties Trust Like Easterly Government Properties, Medical Properties Trust (NYSE: MPW) is a REIT with an attractive dividend.
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Easterly Government Properties I can't think of a safer high-yield stock than Easterly Government Properties (NYSE: DEA). Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) isn't just a high-yield stock -- it's an ultra-high-yield stock with a dividend yield of nearly 7.4%. Medical Properties Trust Like Easterly Government Properties, Medical Properties Trust (NYSE: MPW) is a REIT with an attractive dividend.
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Easterly Government Properties I can't think of a safer high-yield stock than Easterly Government Properties (NYSE: DEA). I look for more distribution increases and more growth from Enterprise for years to come. The company has increased its dividend for eight consecutive years.
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2022-03-10 00:00:00 UTC
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How The Pieces Add Up: XSLV Headed For $55
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https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-xslv-headed-for-%2455-0
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P SmallCap Low Volatility ETF (Symbol: XSLV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $55.30 per unit.
With XSLV trading at a recent price near $48.29 per unit, that means that analysts see 14.51% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XSLV's underlying holdings with notable upside to their analyst target prices are Innospec Inc (Symbol: IOSP), First Commonwealth Financial Corp (Symbol: FCF), and Easterly Government Properties Inc (Symbol: DEA). Although IOSP has traded at a recent price of $91.87/share, the average analyst target is 19.73% higher at $110.00/share. Similarly, FCF has 18.43% upside from the recent share price of $15.48 if the average analyst target price of $18.33/share is reached, and analysts on average are expecting DEA to reach a target price of $24.75/share, which is 17.58% above the recent price of $21.05. Below is a twelve month price history chart comparing the stock performance of IOSP, FCF, and DEA:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P SmallCap Low Volatility ETF XSLV $48.29 $55.30 14.51%
Innospec Inc IOSP $91.87 $110.00 19.73%
First Commonwealth Financial Corp FCF $15.48 $18.33 18.43%
Easterly Government Properties Inc DEA $21.05 $24.75 17.58%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Invesco S&P SmallCap Low Volatility ETF XSLV $48.29 $55.30 14.51% Innospec Inc IOSP $91.87 $110.00 19.73% First Commonwealth Financial Corp FCF $15.48 $18.33 18.43% Easterly Government Properties Inc DEA $21.05 $24.75 17.58% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XSLV's underlying holdings with notable upside to their analyst target prices are Innospec Inc (Symbol: IOSP), First Commonwealth Financial Corp (Symbol: FCF), and Easterly Government Properties Inc (Symbol: DEA). Similarly, FCF has 18.43% upside from the recent share price of $15.48 if the average analyst target price of $18.33/share is reached, and analysts on average are expecting DEA to reach a target price of $24.75/share, which is 17.58% above the recent price of $21.05.
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Three of XSLV's underlying holdings with notable upside to their analyst target prices are Innospec Inc (Symbol: IOSP), First Commonwealth Financial Corp (Symbol: FCF), and Easterly Government Properties Inc (Symbol: DEA). Similarly, FCF has 18.43% upside from the recent share price of $15.48 if the average analyst target price of $18.33/share is reached, and analysts on average are expecting DEA to reach a target price of $24.75/share, which is 17.58% above the recent price of $21.05. Invesco S&P SmallCap Low Volatility ETF XSLV $48.29 $55.30 14.51% Innospec Inc IOSP $91.87 $110.00 19.73% First Commonwealth Financial Corp FCF $15.48 $18.33 18.43% Easterly Government Properties Inc DEA $21.05 $24.75 17.58% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, FCF has 18.43% upside from the recent share price of $15.48 if the average analyst target price of $18.33/share is reached, and analysts on average are expecting DEA to reach a target price of $24.75/share, which is 17.58% above the recent price of $21.05. Three of XSLV's underlying holdings with notable upside to their analyst target prices are Innospec Inc (Symbol: IOSP), First Commonwealth Financial Corp (Symbol: FCF), and Easterly Government Properties Inc (Symbol: DEA). Below is a twelve month price history chart comparing the stock performance of IOSP, FCF, and DEA: Below is a summary table of the current analyst target prices discussed above:
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Invesco S&P SmallCap Low Volatility ETF XSLV $48.29 $55.30 14.51% Innospec Inc IOSP $91.87 $110.00 19.73% First Commonwealth Financial Corp FCF $15.48 $18.33 18.43% Easterly Government Properties Inc DEA $21.05 $24.75 17.58% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XSLV's underlying holdings with notable upside to their analyst target prices are Innospec Inc (Symbol: IOSP), First Commonwealth Financial Corp (Symbol: FCF), and Easterly Government Properties Inc (Symbol: DEA). Similarly, FCF has 18.43% upside from the recent share price of $15.48 if the average analyst target price of $18.33/share is reached, and analysts on average are expecting DEA to reach a target price of $24.75/share, which is 17.58% above the recent price of $21.05.
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96f09b00-c104-43e0-9385-76b0181be279
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723362.0
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2022-03-08 00:00:00 UTC
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DEA Breaks Above 5% Yield Territory
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DEA
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https://www.nasdaq.com/articles/dea-breaks-above-5-yield-territory
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.14 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.14 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.14 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.14 on the day. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.14 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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6f2a0d13-f2c2-4a18-a6f8-5acd143c70a8
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723363.0
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2022-03-06 00:00:00 UTC
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You Could Make $48,840 in Annual Income by Buying These 10 Stocks
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DEA
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https://www.nasdaq.com/articles/you-could-make-%2448840-in-annual-income-by-buying-these-10-stocks
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nan
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nan
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Let first give you the cold, hard truth. It takes money to make money. You're not going to magically receive a significant income each year without having a hefty amount of cash to invest.
But the good news is that many Americans who have consistently saved and invested throughout their careers can retire with $1 million or more. And $1 million is enough to potentially generate quite a bit of money on a recurring basis. You could make $48,840 in annual income by buying these 10 stocks.
Image source: Getty Images.
Energy
Many energy stocks offer attractive dividends. There are four that I especially like.
Devon Energy (NYSE: DVN) boasts a market-leading dividend yield that's roughly six times higher than that of the S&P 500. The oil and gas producer's dividend has two components -- fixed and variable. The fixed dividend yield currently stands at 4.55%. Devon also uses up to 50% of its excess free cash flow to fund a variable dividend. The company expects its combined dividend yield will be around 8% in 2022.
Enterprise Products Partners (NYSE: EPD) doesn't trail far behind Devon. The midstream energy company pays a dividend that yields 7.55%. Enterprise also has a great dividend track record with 23 consecutive years of distribution increases.
Warren Buffett bought only seven stocks for Berkshire Hathaway in the fourth quarter of 2021. Chevron (NYSE: CVX) was one of them. The oil and gas giant's dividend yields 3.68%.
The energy sector doesn't only include companies focusing on fossil fuels. Brookfield Renewable Corporation (NYSE: BEPC) ranks as a leader in renewable energy with its hydroelectric, solar, and wind facilities. The stock is also a great pick for income investors with its yield of 3.41%.
Healthcare
You wouldn't want to tie up too much of your money in one sector. Fortunately, there are several other areas that are attractive for dividend seekers, notably including healthcare.
AbbVie (NYSE: ABBV) stands out as one of the top healthcare stocks for income investors. It's a Dividend King with 50 consecutive years of dividend increases. The big drugmaker's dividend yields 3.77%. And even with its top-selling drug, Humira, facing loss of U.S. exclusivity next year, AbbVie should be in great shape to keep growing its dividend.
Pfizer (NYSE: PFE) is another big pharmaceutical company with a strong dividend. Its dividend yields 3.35%. Pfizer is poised to generate massive cash flow over the next few years thanks to its COVID-19 vaccine Comirnaty and COVID-19 pill Paxlovid.
REITs
Real estate investment trusts (REITs) are favorites for income investors for a good reason. They must return at least 90% of taxable income to shareholders in the form of dividends.
Easterly Government Properties (NYSE: DEA) ranks as one of the safest REITs on the market. The company has arguably the most dependable tenant in the world -- the U.S. government. Easterly's dividend yield tops 5%.
Medical Properties Trust (NYSE: MPW) is a healthcare REIT that owns around 440 hospitals in nine countries. Its business is solid and generates enough cash for the company to pay a dividend that yields 5.72%.
Other
There are two other dividend stocks to buy that provide juicy dividends. You might not be familiar with the first one but almost certainly know the second one.
Brookfield Infrastructure Partners (NYSE: BIP) is sort of a sibling to Brookfield Renewable, with both companies sharing the same management company. As its name indicates, Brookfield Infrastructure owns infrastructure assets. Those assets include cell towers, data centers, ports, toll roads, utilities, and more. The company's dividend yields 3.58%.
Verizon Communications (NYSE: VZ), of course, is a telecommunications giant that's a household name. Its stock has rightfully deserved a wide following among income investors with a dividend yield of 4.73%.
Adding it all up
Now, let's look at how investing in these 10 stocks could make you an income of nearly $50,000 per year. The following table shows what each stock could generate in annual dividends with an initial investment of $100,000.
STOCK
DIVIDEND YIELD
ANNUAL INCOME
Devon Energy ~8% $8,000
Enterprise Products Partners 7.55% $7,550
Chevron 3.68% $3,680
Brookfield Renewable Corporation 3.41% $3,410
AbbVie 3.77% $3,770
Pfizer 3.35% $3,350
Easterly Government Properties 5.05% $5,050
Medical Properties Trust 5.72% $5,720
Brookfield Infrastructure Partners 3.58% $3,580
Verizon Communications 4.73% $4,730
Total: $48,840
Data source for dividend yields: Yahoo! Finance.
Even better, these stocks offer pretty good growth prospects. The energy sector should be especially strong in 2022. Brookfield Renewable, in particular, could deliver great returns for a long time to come with the increased adoption of renewable energy. AbbVie and Pfizer project solid growth throughout most of this decade. The other companies also have good growth opportunities.
It's wise to consult professionals when determining how to invest your retirement money to ensure you're properly diversified. However, this exercise shows that it's quite possible to make a significant income by buying solid dividend stocks.
10 stocks we like better than Devon Energy
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*Stock Advisor returns as of January 20, 2022
Keith Speights owns AbbVie, Berkshire Hathaway (B shares), Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Devon Energy, Enterprise Products Partners, and Pfizer. The Motley Fool owns and recommends Berkshire Hathaway (B shares) and Brookfield Renewable Corporation Inc. The Motley Fool recommends Brookfield Infra Partners LP Units, Brookfield Infrastructure Partners, Easterly Government Properties, Enterprise Products Partners, and Verizon Communications and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (NYSE: DEA) ranks as one of the safest REITs on the market. And even with its top-selling drug, Humira, facing loss of U.S. exclusivity next year, AbbVie should be in great shape to keep growing its dividend. Devon Energy ~8% $8,000 Enterprise Products Partners 7.55% $7,550 Chevron 3.68% $3,680 Brookfield Renewable Corporation 3.41% $3,410 AbbVie 3.77% $3,770 Pfizer 3.35% $3,350 Easterly Government Properties 5.05% $5,050 Medical Properties Trust 5.72% $5,720 Brookfield Infrastructure Partners 3.58% $3,580 Verizon Communications 4.73% $4,730 Total: $48,840 Data source for dividend yields: Yahoo!
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Easterly Government Properties (NYSE: DEA) ranks as one of the safest REITs on the market. Devon Energy ~8% $8,000 Enterprise Products Partners 7.55% $7,550 Chevron 3.68% $3,680 Brookfield Renewable Corporation 3.41% $3,410 AbbVie 3.77% $3,770 Pfizer 3.35% $3,350 Easterly Government Properties 5.05% $5,050 Medical Properties Trust 5.72% $5,720 Brookfield Infrastructure Partners 3.58% $3,580 Verizon Communications 4.73% $4,730 Total: $48,840 Data source for dividend yields: Yahoo! See the 10 stocks *Stock Advisor returns as of January 20, 2022 Keith Speights owns AbbVie, Berkshire Hathaway (B shares), Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Devon Energy, Enterprise Products Partners, and Pfizer.
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Easterly Government Properties (NYSE: DEA) ranks as one of the safest REITs on the market. Devon Energy ~8% $8,000 Enterprise Products Partners 7.55% $7,550 Chevron 3.68% $3,680 Brookfield Renewable Corporation 3.41% $3,410 AbbVie 3.77% $3,770 Pfizer 3.35% $3,350 Easterly Government Properties 5.05% $5,050 Medical Properties Trust 5.72% $5,720 Brookfield Infrastructure Partners 3.58% $3,580 Verizon Communications 4.73% $4,730 Total: $48,840 Data source for dividend yields: Yahoo! See the 10 stocks *Stock Advisor returns as of January 20, 2022 Keith Speights owns AbbVie, Berkshire Hathaway (B shares), Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Devon Energy, Enterprise Products Partners, and Pfizer.
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Easterly Government Properties (NYSE: DEA) ranks as one of the safest REITs on the market. Its business is solid and generates enough cash for the company to pay a dividend that yields 5.72%. The company's dividend yields 3.58%.
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b320d32c-30fc-4a72-97e5-77af7d1debe7
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723364.0
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2022-03-04 00:00:00 UTC
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Easterly Government Properties Breaks Above 200-Day Moving Average - Bullish for DEA
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-breaks-above-200-day-moving-average-bullish-for-dea
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nan
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nan
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.57 per share. Easterly Government Properties Inc shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of DEA shares, versus its 200 day moving average:
Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.65 as the 52 week high point — that compares with a last trade of $21.54.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.65 as the 52 week high point — that compares with a last trade of $21.54. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.65 as the 52 week high point — that compares with a last trade of $21.54. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.65 as the 52 week high point — that compares with a last trade of $21.54. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.65 as the 52 week high point — that compares with a last trade of $21.54. Easterly Government Properties Inc shares are currently trading up about 0.8% on the day.
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56c32dfa-917f-458d-a973-7ac6131302c4
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723365.0
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2022-03-02 00:00:00 UTC
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Invesco S&P SmallCap Low Volatility ETF Experiences Big Outflow
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DEA
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https://www.nasdaq.com/articles/invesco-sp-smallcap-low-volatility-etf-experiences-big-outflow
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P SmallCap Low Volatility ETF (Symbol: XSLV) where we have detected an approximate $137.6 million dollar outflow -- that's a 11.8% decrease week over week (from 24,450,000 to 21,560,000). Among the largest underlying components of XSLV, in trading today Easterly Government Properties Inc (Symbol: DEA) is up about 0.5%, TTM Technologies Inc (Symbol: TTMI) is up about 2.4%, and Agree Realty Corp. (Symbol: ADC) is up by about 0.8%. For a complete list of holdings, visit the XSLV Holdings page » The chart below shows the one year price performance of XSLV, versus its 200 day moving average:
Looking at the chart above, XSLV's low point in its 52 week range is $44.26 per share, with $52.89 as the 52 week high point — that compares with a last trade of $48.38. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XSLV, in trading today Easterly Government Properties Inc (Symbol: DEA) is up about 0.5%, TTM Technologies Inc (Symbol: TTMI) is up about 2.4%, and Agree Realty Corp. (Symbol: ADC) is up by about 0.8%. For a complete list of holdings, visit the XSLV Holdings page » The chart below shows the one year price performance of XSLV, versus its 200 day moving average: Looking at the chart above, XSLV's low point in its 52 week range is $44.26 per share, with $52.89 as the 52 week high point — that compares with a last trade of $48.38. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XSLV, in trading today Easterly Government Properties Inc (Symbol: DEA) is up about 0.5%, TTM Technologies Inc (Symbol: TTMI) is up about 2.4%, and Agree Realty Corp. (Symbol: ADC) is up by about 0.8%. For a complete list of holdings, visit the XSLV Holdings page » The chart below shows the one year price performance of XSLV, versus its 200 day moving average: Looking at the chart above, XSLV's low point in its 52 week range is $44.26 per share, with $52.89 as the 52 week high point — that compares with a last trade of $48.38. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of XSLV, in trading today Easterly Government Properties Inc (Symbol: DEA) is up about 0.5%, TTM Technologies Inc (Symbol: TTMI) is up about 2.4%, and Agree Realty Corp. (Symbol: ADC) is up by about 0.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P SmallCap Low Volatility ETF (Symbol: XSLV) where we have detected an approximate $137.6 million dollar outflow -- that's a 11.8% decrease week over week (from 24,450,000 to 21,560,000). For a complete list of holdings, visit the XSLV Holdings page » The chart below shows the one year price performance of XSLV, versus its 200 day moving average: Looking at the chart above, XSLV's low point in its 52 week range is $44.26 per share, with $52.89 as the 52 week high point — that compares with a last trade of $48.38.
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Among the largest underlying components of XSLV, in trading today Easterly Government Properties Inc (Symbol: DEA) is up about 0.5%, TTM Technologies Inc (Symbol: TTMI) is up about 2.4%, and Agree Realty Corp. (Symbol: ADC) is up by about 0.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P SmallCap Low Volatility ETF (Symbol: XSLV) where we have detected an approximate $137.6 million dollar outflow -- that's a 11.8% decrease week over week (from 24,450,000 to 21,560,000). For a complete list of holdings, visit the XSLV Holdings page » The chart below shows the one year price performance of XSLV, versus its 200 day moving average: Looking at the chart above, XSLV's low point in its 52 week range is $44.26 per share, with $52.89 as the 52 week high point — that compares with a last trade of $48.38.
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61a9abfc-750d-4534-bb09-02b7490de887
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723366.0
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2022-02-28 00:00:00 UTC
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Easterly Government Properties (DEA) Q4 FFO Meet Estimates
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-q4-ffo-meet-estimates
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nan
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nan
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this property management company would post FFO of $0.33 per share when it actually produced FFO of $0.33, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates just once.
Easterly Government Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $71.64 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $65.2 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Easterly Government Properties shares have lost about 10.1% since the beginning of the year versus the S&P 500's decline of -8%.
What's Next for Easterly Government Properties?
While Easterly Government Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Easterly Government Properties: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.34 on $73.1 million in revenues for the coming quarter and $1.35 on $308.78 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Xenia Hotels & Resorts (XHR), has yet to report results for the quarter ended December 2021. The results are expected to be released on March 1.
This real estate investment trust that owns hotels is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +166.7%. The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level.
Xenia Hotels & Resorts' revenues are expected to be $186.39 million, up 146.4% from the year-ago quarter.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
Xenia Hotels & Resorts, Inc. (XHR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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84ef07cc-8ca9-4b17-86ac-11ea4ac46f9d
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723367.0
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2022-02-25 00:00:00 UTC
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City Office REIT (CIO) Q4 FFO Top Estimates
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DEA
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https://www.nasdaq.com/articles/city-office-reit-cio-q4-ffo-top-estimates
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nan
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nan
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City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 12.50%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.36 per share when it actually produced FFO of $0.32, delivering a surprise of -11.11%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
City Office REIT, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $39.67 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 5.14%. This compares to year-ago revenues of $39.84 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
City Office REIT shares have lost about 12.1% since the beginning of the year versus the S&P 500's decline of -10%.
What's Next for City Office REIT?
While City Office REIT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for City Office REIT: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.39 on $46.2 million in revenues for the coming quarter and $1.65 on $191.88 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 28.
This property management company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +3.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $72.55 million, up 11.3% from the year-ago quarter.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
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City Office REIT, Inc. (CIO): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
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06ecb766-a77f-43e2-93eb-c3308a2782d3
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723368.0
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2022-02-24 00:00:00 UTC
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Life Storage (LSI) Q4 FFO and Revenues Surpass Estimates
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DEA
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https://www.nasdaq.com/articles/life-storage-lsi-q4-ffo-and-revenues-surpass-estimates
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nan
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nan
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Life Storage (LSI) came out with quarterly funds from operations (FFO) of $1.41 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to FFO of $1.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 4.44%. A quarter ago, it was expected that this self storage real estate investment trust would post FFO of $1.28 per share when it actually produced FFO of $1.37, delivering a surprise of 7.03%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
Life Storage, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $221.16 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.71%. This compares to year-ago revenues of $166.51 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Life Storage shares have lost about 17.7% since the beginning of the year versus the S&P 500's decline of -11.3%.
What's Next for Life Storage?
While Life Storage has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Life Storage: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $1.36 on $221.92 million in revenues for the coming quarter and $5.95 on $943.25 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 28.
This property management company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +3.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $72.55 million, up 11.3% from the year-ago quarter.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Life Storage, Inc. (LSI): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Life Storage, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $221.16 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.71%.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Life Storage (LSI) came out with quarterly funds from operations (FFO) of $1.41 per share, beating the Zacks Consensus Estimate of $1.35 per share.
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Easterly Government Properties (DEA), another stock in the same industry, has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The company has topped consensus revenue estimates four times over the last four quarters.
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ac2d54b6-d344-415d-be84-852d6c81c20f
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723369.0
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2022-02-23 00:00:00 UTC
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VICI Properties Inc. (VICI) Q4 FFO and Revenues Beat Estimates
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DEA
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https://www.nasdaq.com/articles/vici-properties-inc.-vici-q4-ffo-and-revenues-beat-estimates
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nan
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nan
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VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 2.33%. A quarter ago, it was expected that this company would post FFO of $0.45 per share when it actually produced FFO of $0.45, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
VICI Properties Inc., which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $383.15 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.41%. This compares to year-ago revenues of $373.02 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
VICI Properties Inc. Shares have lost about 9.3% since the beginning of the year versus the S&P 500's decline of -9.7%.
What's Next for VICI Properties Inc.
While VICI Properties Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for VICI Properties Inc. Unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.45 on $413.51 million in revenues for the coming quarter and $1.95 on $2.11 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended December 2021. The results are expected to be released on February 28.
This property management company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +3.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Easterly Government Properties' revenues are expected to be $72.55 million, up 11.3% from the year-ago quarter.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VICI Properties Inc. (VICI): Free Stock Analysis Report
Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
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Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended December 2021. VICI Properties Inc., which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $383.15 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.41%.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share.
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Another stock from the same industry, Easterly Government Properties (DEA), has yet to report results for the quarter ended December 2021. Easterly Government Properties, Inc. (DEA): Free Stock Analysis Report VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share.
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ad162dd5-89a5-4aff-8a06-d5ac6ba0bfed
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723370.0
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2022-01-26 00:00:00 UTC
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Easterly Government Properties Enters Oversold Territory
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-enters-oversold-territory
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEA entered into oversold territory, changing hands as low as $20.69 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Easterly Government Properties Inc, the RSI reading has hit 28.4 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 4.97% based upon the recent $21.31 share price.
A bullish investor could look at DEA's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DEA's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEA entered into oversold territory, changing hands as low as $20.69 per share.
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Indeed, DEA's recent annualized dividend of 1.06/share (currently paid in quarterly installments) works out to an annual yield of 4.97% based upon the recent $21.31 share price. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEA entered into oversold territory, changing hands as low as $20.69 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEA entered into oversold territory, changing hands as low as $20.69 per share.
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But making Easterly Government Properties Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DEA entered into oversold territory, changing hands as low as $20.69 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DEA is its dividend history. Easterly Government Properties Inc (Symbol: DEA) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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eb8e6899-0ad8-4673-93fa-64523ac62f86
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723371.0
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2022-01-23 00:00:00 UTC
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3 Dividend Stocks to Buy and Hold Forever
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DEA
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https://www.nasdaq.com/articles/3-dividend-stocks-to-buy-and-hold-forever-0
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nan
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nan
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What's the last thing that investors seeking income want? Temporary solutions. Income investors certainly don't want to buy stocks with dividends that are likely to be slashed. Nor do they desire to buy dividend stocks that could easily lose much of their value.
Instead, income investors prefer dividend stocks with solid business models that are built for the long term. Here are three such dividend stocks to buy and hold forever.
Image source: Getty Images.
1. Johnson & Johnson
You're not going to find many dividend stocks with more impressive credentials than Johnson & Johnson (NYSE: JNJ). It's been in business since 1886 and now stands as the largest healthcare company in the world. J&J is a Dividend King with 59 consecutive years of dividend increases. Fortune recognized Johnson & Johnson as the most admired pharmaceutical company in the world.
But the healthcare giant is about to undergo a major change. Johnson & Johnson plans to spin off its consumer health unit into a standalone entity. This will leave J&J with its pharmaceutical and medical device businesses. Should investors be concerned? Not at all.
Importantly, both Johnson & Johnson and the yet-to-be-named consumer health company will pay dividends. The combination of these two dividends should at least be at the same level as J&J's dividend is before the separation.
Johnson & Johnson could also deliver stronger growth for investors after the transaction wraps up, which is expected to happen in 2023. Its pharmaceutical business already serves as the company's primary growth engine.
J&J's track record, attractive dividend yield of 2.6%, and prospects for faster growth give investors a lot to like. This dividend stock is practically a no-brainer pick to buy and hold for the long term.
2. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that has only been in business since 2014. But what really matters is that Easterly's main customer has been around for nearly 250 years. And that customer provides an unparalleled level of stability that makes Easterly a must-have dividend stock for income investors.
You might have guessed who the customer is -- the U.S. government. Easterly focuses primarily on leasing properties to U.S. federal agencies. It currently owns 89 properties.
As a REIT, Easterly must distribute at least 90% of its taxable income to shareholders in the form of dividends. Its dividend yield of 4.9% is especially attractive considering how reliable the company's revenue stream is.
Easterly also has solid long-term growth prospects. The U.S. government is the top office tenant in the U.S. It's likely to shift more to leasing versus owning properties in the future. And the market is fragmented, giving Easterly room to expand through consolidation.
3. Brookfield Renewable
Climate change ranks as one of the biggest global challenges right now. It also stands out as one of the biggest opportunities for some companies, including Brookfield Renewable (NYSE: BEP) (NYSE: BEPC).
Brookfield Renewable is a leading provider of renewable energy. It operates hydroelectric, wind, solar, and energy transition assets across the world that combined generate 21 gigawatts of power.
Carbon reduction efforts will almost certainly drive significantly higher demand for renewable energy in the coming decades. Brookfield Renewable is in an excellent position to capitalize on this increased demand with a development pipeline capacity of 36 gigawatts.
Investors have two options with Brookfield Renewable. Shares of the limited partnership (LP) Brookfield Renewable Partners trade under the BEP ticker. Shares of Brookfield Renewable Corporation, which trade under the BEPC ticker, could be more appealing to investors wanting to avoid the tax hassles associated with LPs. Both offer dividend yields of close to 3.7%. And both stocks are on sale after tumbling in 2021.
Brookfield Renewable expects to grow its dividend distributions between 5% and 9% annually over the long term. The company also anticipates delivering total returns of between 12% and 15%. Either of the Brookfield Renewable stocks are great picks to buy and hold forever.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Johnson & Johnson wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 10, 2022
Keith Speights owns Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners. The Motley Fool owns and recommends Brookfield Renewable Corporation. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that has only been in business since 2014. And that customer provides an unparalleled level of stability that makes Easterly a must-have dividend stock for income investors. It operates hydroelectric, wind, solar, and energy transition assets across the world that combined generate 21 gigawatts of power.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that has only been in business since 2014. See the 10 stocks *Stock Advisor returns as of January 10, 2022 Keith Speights owns Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners. The Motley Fool recommends Easterly Government Properties and Johnson & Johnson.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that has only been in business since 2014. Johnson & Johnson You're not going to find many dividend stocks with more impressive credentials than Johnson & Johnson (NYSE: JNJ). See the 10 stocks *Stock Advisor returns as of January 10, 2022 Keith Speights owns Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that has only been in business since 2014. Brookfield Renewable is a leading provider of renewable energy. See the 10 stocks *Stock Advisor returns as of January 10, 2022 Keith Speights owns Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners.
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ca32724c-0661-4c18-a808-92c8c07ea858
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723372.0
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2022-01-07 00:00:00 UTC
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Easterly Government Properties Inc Shares Close in on 52-Week High - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-close-in-on-52-week-high-market-mover-1
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Easterly Government Properties Inc (DEA) shares closed today at 1.5% below its 52 week high of $23.65, giving the company a market cap of $2B. The stock is currently up 1.5% year-to-date, up 10.0% over the past 12 months, and up 45.4% over the past five years. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 fell 1.9%.
Trading Activity
Trading volume this week was 30.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -60.9%
The company's stock price performance over the past 12 months lags the peer average by -68.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 160.2% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed today at 1.5% below its 52 week high of $23.65, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -60.9% The company's stock price performance over the past 12 months lags the peer average by -68.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 160.2% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at 1.5% below its 52 week high of $23.65, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 fell 1.9%. Trading Activity Trading volume this week was 30.0% higher than the 20-day average.
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Easterly Government Properties Inc (DEA) shares closed today at 1.5% below its 52 week high of $23.65, giving the company a market cap of $2B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -60.9% The company's stock price performance over the past 12 months lags the peer average by -68.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 160.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed today at 1.5% below its 52 week high of $23.65, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 fell 1.9%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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a49650cd-cbb7-41c9-9ef3-e0e6eafca533
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723373.0
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2022-01-02 00:00:00 UTC
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22 Top Dividend Stocks to Buy and Hold in 2022
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DEA
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https://www.nasdaq.com/articles/22-top-dividend-stocks-to-buy-and-hold-in-2022
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nan
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I don't know how the stock market will perform in the new year. Wall Street analysts don't know, either. Any predictions are really only guesses.
There's no guesswork required, though, to expect that many stocks will continue to pay solid dividends regardless of what happens with the overall market. These are the kinds of stocks that income investors can own without losing any sleep.
Which specific stocks make the list? Here are 22 top dividend stocks to buy and hold in 2022.
Image source: Getty Images.
22 top dividend stocks for 2022
Below are 22 top dividend stocks to buy and hold in 2022, listed in alphabetical order:
COMPANY
MARKET CAP
DIVIDEND YIELD
Abbott Labs (NYSE: ABT) $248 billion 1.33%
AbbVie (NYSE: ABBV) $238 billion 4.20%
Air Products & Chemicals (NYSE: APD) $68 billion 1.97%
Bristol Myers Squibb (NYSE: BMY) $138 billion 3.47%
Brookfield Industrial Corporation (NYSE: BIPC) $5 billion 2.97%
Brookfield Industrial Partners (NYSE: BIP) $18 billion 3.40%
Brookfield Renewable Corporation (NYSE: BEPC) $6 billion 3.31%
Brookfield Renewable Partners (NYSE: BEP) $10 billion 3.43%
CVS Health (NYSE: CVS) $136 billion 2.15%
Devon Energy (NYSE: DVN) $30 billion >9%*
Duke Energy (NYSE: DUK) $81 billion 3.81%
Easterly Government Properties (NYSE: DEA) $2 billion 4.66%
Enterprise Products Partners (NYSE: EPD) $47 billion 8.33%
Innovative Industrial Properties (NYSE: IIPR) $6 billion 2.29%
Intel (NASDAQ: INTC) $212 billion 2.69%
Johnson & Johnson (NYSE: JNJ) $450 billion 2.50%
Eli Lilly & Company (NYSE: LLY) $266 billion 1.42%
Medical Properties Trust (NYSE: MPW) $14 billion 4.86%
Pepsico (NASDAQ: PEP) $239 billion 2.51%
Pfizer (NYSE: PFE) $323 billion 2.70%
Verizon Communications (NYSE: VZ) $222 billion 4.86%
Viatris (NASDAQ: VTRS) $16 billion 3.23%
Data sources: Yahoo! Finance and company investor presentations. *Includes fixed+variable dividend.
Healthcare
You might have noticed there are more stocks from healthcare than any other sector. That's primarily because many healthcare stocks offer steady dividends and often provide solid growth prospects as well.
Three healthcare stocks boast especially impressive dividend track records. Abbott Labs and Johnson & Johnson are Dividend Kings -- S&P 500 members with at least 50 consecutive years of dividend increases. AbbVie is likely to join the club in 2022.
Eli Lilly and Pfizer could be attractive to growth investors. Lilly has multiple catalysts on the way in the new year. Pfizer handily outperformed the broader market in 2021 and could do so again in 2022 with strong sales of its COVID-19 vaccine and pill.
Value investors might like the other healthcare picks. CVS Health's shares trade at only 12 times expected earnings. Bristol Myers Squibb is even cheaper with a forward earnings multiple of a little over seven. And Viatris is dirt cheap, with its shares trading at less than 3.4 times expected earnings.
Energy
Companies in the energy sector are also often known for their dividends. Devon Energy certainly stands out with its fixed-plus-variable dividend of more than 9%. That's more than seven times higher than the S&P 500 average dividend yield.
Midstream energy leader Enterprise Products Partners isn't too far behind Devon, though, with a dividend yield of 8.33%. While the shift away from fossil fuels could impact these companies' businesses over the long term, their prospects over the next several years look bright.
That shift will work to the benefit of Brookfield Renewable. The company has two stocks on our list. It was originally formed as a limited partnership (LP), Brookfield Renewable Partners (BEP). In 2020, the company created Brookfield Renewable Corporation (BEPC) for investors who wanted to avoid the tax hassles associated with LPs.
Duke Energy isn't likely to deliver sizzling growth. However, income investors should be able to depend on the utility company's steady dividend. Duke has paid a dividend uninterrupted for 95 consecutive years.
REITs
Three of the top dividend stocks for 2022 are real estate investment trusts (REITs). They're required to return at least 90% of taxable income to shareholders in the form of dividends.
Medical Properties Trust is a REIT that focuses, as its name indicates, on medical properties -- primarily acute care hospitals. Its dividend yield of 4.86% is especially attractive. The company has increased its dividend payout for eight consecutive years.
Easterly Government Properties arguably ranks as one of the safest dividend stocks on the market. It specializes in leasing properties to the U.S. government.
Meanwhile, Innovative Industrial Properties is one of the fastest-growing REIT stocks. The company leases properties to regulated cannabis operators in the U.S. Its shares have skyrocketed nearly 1,300% over the past five years. IIP's dividend payout increased by 10 times during this period.
Technology and telecommunications
Intel underperformed the overall market in 2021. However, investors should focus more on where the chipmaker will be in 10 years or more than how its stock fared in one 12-month period. Intel's future should be better than its immediate past. More importantly for income investors, the company's dividend should be safe.
Likewise, Verizon was one of the worst-performing Dow Jones stocks in 2021. However, investors should love the telecom giant's juicy dividend. With the increased adoption of 5G networks, Verizon should have solid prospects over the coming years.
Other
Rounding out the list of top dividend stocks for 2022 are Air Products & Chemicals, Brookfield Infrastructure, and PepsiCo. As was the case with Brookfield Renewable, Brookfield Infrastructure has two stocks -- one an LP (BIP) and the other a corporation (BIPC). There's only one underlying business, though. And that business is rock-solid thanks to steady cash flow from a wide variety of infrastructure assets.
Like some of the other stocks in the top 22, Air Products & Chemicals probably won't deliver jaw-dropping gains. However, it's a Dividend Aristocrat with 39 consecutive years of dividend hikes. You should be able to count on those dividends continuing to flow and grow in 2022.
PepsiCo is also a Dividend Aristocrat and will likely become a Dividend King in the new year. With its strong product lineup and dividend, PepsiCo is arguably one of the best consumer staples stocks to buy right now.
10 stocks we like better than Abbott Laboratories
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Abbott Laboratories wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 16, 2021
Keith Speights owns AbbVie, Air Products & Chemicals, Bristol Myers Squibb, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., Devon Energy, Enterprise Products Partners, Innovative Industrial Properties, PepsiCo, Pfizer, and Viatris Inc. The Motley Fool owns and recommends Bristol Myers Squibb, Brookfield Renewable Corporation Inc., Innovative Industrial Properties, and Intel. The Motley Fool recommends Brookfield Infra Partners LP Units, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, CVS Health, Duke Energy, Easterly Government Properties, Enterprise Products Partners, Johnson & Johnson, Verizon Communications, and Viatris Inc. and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Abbott Labs (NYSE: ABT) $248 billion 1.33% AbbVie (NYSE: ABBV) $238 billion 4.20% Air Products & Chemicals (NYSE: APD) $68 billion 1.97% Bristol Myers Squibb (NYSE: BMY) $138 billion 3.47% Brookfield Industrial Corporation (NYSE: BIPC) $5 billion 2.97% Brookfield Industrial Partners (NYSE: BIP) $18 billion 3.40% Brookfield Renewable Corporation (NYSE: BEPC) $6 billion 3.31% Brookfield Renewable Partners (NYSE: BEP) $10 billion 3.43% CVS Health (NYSE: CVS) $136 billion 2.15% Devon Energy (NYSE: DVN) $30 billion >9%* Duke Energy (NYSE: DUK) $81 billion 3.81% Easterly Government Properties (NYSE: DEA) $2 billion 4.66% Enterprise Products Partners (NYSE: EPD) $47 billion 8.33% Innovative Industrial Properties (NYSE: IIPR) $6 billion 2.29% Intel (NASDAQ: INTC) $212 billion 2.69% Johnson & Johnson (NYSE: JNJ) $450 billion 2.50% Eli Lilly & Company (NYSE: LLY) $266 billion 1.42% Medical Properties Trust (NYSE: MPW) $14 billion 4.86% Pepsico (NASDAQ: PEP) $239 billion 2.51% Pfizer (NYSE: PFE) $323 billion 2.70% Verizon Communications (NYSE: VZ) $222 billion 4.86% Viatris (NASDAQ: VTRS) $16 billion 3.23% Data sources: Yahoo! In 2020, the company created Brookfield Renewable Corporation (BEPC) for investors who wanted to avoid the tax hassles associated with LPs. Other Rounding out the list of top dividend stocks for 2022 are Air Products & Chemicals, Brookfield Infrastructure, and PepsiCo.
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Abbott Labs (NYSE: ABT) $248 billion 1.33% AbbVie (NYSE: ABBV) $238 billion 4.20% Air Products & Chemicals (NYSE: APD) $68 billion 1.97% Bristol Myers Squibb (NYSE: BMY) $138 billion 3.47% Brookfield Industrial Corporation (NYSE: BIPC) $5 billion 2.97% Brookfield Industrial Partners (NYSE: BIP) $18 billion 3.40% Brookfield Renewable Corporation (NYSE: BEPC) $6 billion 3.31% Brookfield Renewable Partners (NYSE: BEP) $10 billion 3.43% CVS Health (NYSE: CVS) $136 billion 2.15% Devon Energy (NYSE: DVN) $30 billion >9%* Duke Energy (NYSE: DUK) $81 billion 3.81% Easterly Government Properties (NYSE: DEA) $2 billion 4.66% Enterprise Products Partners (NYSE: EPD) $47 billion 8.33% Innovative Industrial Properties (NYSE: IIPR) $6 billion 2.29% Intel (NASDAQ: INTC) $212 billion 2.69% Johnson & Johnson (NYSE: JNJ) $450 billion 2.50% Eli Lilly & Company (NYSE: LLY) $266 billion 1.42% Medical Properties Trust (NYSE: MPW) $14 billion 4.86% Pepsico (NASDAQ: PEP) $239 billion 2.51% Pfizer (NYSE: PFE) $323 billion 2.70% Verizon Communications (NYSE: VZ) $222 billion 4.86% Viatris (NASDAQ: VTRS) $16 billion 3.23% Data sources: Yahoo! See the 10 stocks *Stock Advisor returns as of December 16, 2021 Keith Speights owns AbbVie, Air Products & Chemicals, Bristol Myers Squibb, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., Devon Energy, Enterprise Products Partners, Innovative Industrial Properties, PepsiCo, Pfizer, and Viatris Inc. The Motley Fool recommends Brookfield Infra Partners LP Units, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, CVS Health, Duke Energy, Easterly Government Properties, Enterprise Products Partners, Johnson & Johnson, Verizon Communications, and Viatris Inc. and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel.
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Abbott Labs (NYSE: ABT) $248 billion 1.33% AbbVie (NYSE: ABBV) $238 billion 4.20% Air Products & Chemicals (NYSE: APD) $68 billion 1.97% Bristol Myers Squibb (NYSE: BMY) $138 billion 3.47% Brookfield Industrial Corporation (NYSE: BIPC) $5 billion 2.97% Brookfield Industrial Partners (NYSE: BIP) $18 billion 3.40% Brookfield Renewable Corporation (NYSE: BEPC) $6 billion 3.31% Brookfield Renewable Partners (NYSE: BEP) $10 billion 3.43% CVS Health (NYSE: CVS) $136 billion 2.15% Devon Energy (NYSE: DVN) $30 billion >9%* Duke Energy (NYSE: DUK) $81 billion 3.81% Easterly Government Properties (NYSE: DEA) $2 billion 4.66% Enterprise Products Partners (NYSE: EPD) $47 billion 8.33% Innovative Industrial Properties (NYSE: IIPR) $6 billion 2.29% Intel (NASDAQ: INTC) $212 billion 2.69% Johnson & Johnson (NYSE: JNJ) $450 billion 2.50% Eli Lilly & Company (NYSE: LLY) $266 billion 1.42% Medical Properties Trust (NYSE: MPW) $14 billion 4.86% Pepsico (NASDAQ: PEP) $239 billion 2.51% Pfizer (NYSE: PFE) $323 billion 2.70% Verizon Communications (NYSE: VZ) $222 billion 4.86% Viatris (NASDAQ: VTRS) $16 billion 3.23% Data sources: Yahoo! 22 top dividend stocks for 2022 Below are 22 top dividend stocks to buy and hold in 2022, listed in alphabetical order: See the 10 stocks *Stock Advisor returns as of December 16, 2021 Keith Speights owns AbbVie, Air Products & Chemicals, Bristol Myers Squibb, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., Devon Energy, Enterprise Products Partners, Innovative Industrial Properties, PepsiCo, Pfizer, and Viatris Inc.
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Abbott Labs (NYSE: ABT) $248 billion 1.33% AbbVie (NYSE: ABBV) $238 billion 4.20% Air Products & Chemicals (NYSE: APD) $68 billion 1.97% Bristol Myers Squibb (NYSE: BMY) $138 billion 3.47% Brookfield Industrial Corporation (NYSE: BIPC) $5 billion 2.97% Brookfield Industrial Partners (NYSE: BIP) $18 billion 3.40% Brookfield Renewable Corporation (NYSE: BEPC) $6 billion 3.31% Brookfield Renewable Partners (NYSE: BEP) $10 billion 3.43% CVS Health (NYSE: CVS) $136 billion 2.15% Devon Energy (NYSE: DVN) $30 billion >9%* Duke Energy (NYSE: DUK) $81 billion 3.81% Easterly Government Properties (NYSE: DEA) $2 billion 4.66% Enterprise Products Partners (NYSE: EPD) $47 billion 8.33% Innovative Industrial Properties (NYSE: IIPR) $6 billion 2.29% Intel (NASDAQ: INTC) $212 billion 2.69% Johnson & Johnson (NYSE: JNJ) $450 billion 2.50% Eli Lilly & Company (NYSE: LLY) $266 billion 1.42% Medical Properties Trust (NYSE: MPW) $14 billion 4.86% Pepsico (NASDAQ: PEP) $239 billion 2.51% Pfizer (NYSE: PFE) $323 billion 2.70% Verizon Communications (NYSE: VZ) $222 billion 4.86% Viatris (NASDAQ: VTRS) $16 billion 3.23% Data sources: Yahoo! I don't know how the stock market will perform in the new year. See the 10 stocks *Stock Advisor returns as of December 16, 2021 Keith Speights owns AbbVie, Air Products & Chemicals, Bristol Myers Squibb, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., Devon Energy, Enterprise Products Partners, Innovative Industrial Properties, PepsiCo, Pfizer, and Viatris Inc.
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da24c913-5339-4d16-9142-c8262470f7ba
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723374.0
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2021-12-28 00:00:00 UTC
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Easterly Government Properties Inc Shares Close in on 52-Week High - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-close-in-on-52-week-high-market-mover-0
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed today at just slightly below its 52 week high of $22.73, giving the company a market cap of $1B. The stock is currently up 5.4% year-to-date, up 7.6% over the past 12 months, and up 48.0% over the past five years. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.9%.
Trading Activity
Trading volume this week was 37.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -72.0%
The company's stock price performance over the past 12 months lags the peer average by -59.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 163.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed today at just slightly below its 52 week high of $22.73, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.0% The company's stock price performance over the past 12 months lags the peer average by -59.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 163.6% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at just slightly below its 52 week high of $22.73, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.9%. Trading Activity Trading volume this week was 37.8% higher than the 20-day average.
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Easterly Government Properties Inc (DEA) shares closed today at just slightly below its 52 week high of $22.73, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.0% The company's stock price performance over the past 12 months lags the peer average by -59.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 163.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed today at just slightly below its 52 week high of $22.73, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.9%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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aeea3f7f-2f8b-4aea-bbf6-43c4ef0dd74f
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723375.0
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2021-12-25 00:00:00 UTC
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Easterly Government Properties Inc Shares Approach 52-Week High - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-approach-52-week-high-market-mover-0
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. The stock is currently up 4.5% year-to-date, up 6.6% over the past 12 months, and up 46.8% over the past five years. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.3%.
Trading Activity
Trading volume this week was 38.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -76.5%
The company's stock price performance over the past 12 months lags the peer average by -64.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 164.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.5% The company's stock price performance over the past 12 months lags the peer average by -64.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 164.6% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.5% The company's stock price performance over the past 12 months lags the peer average by -64.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 164.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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c3162a7b-a87d-4b25-afcd-f38097558677
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723376.0
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2021-12-24 00:00:00 UTC
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Easterly Government Properties Inc Shares Close in on 52-Week High - Market Mover
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. The stock is currently up 4.5% year-to-date, up 6.7% over the past 12 months, and up 46.8% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 1.2%.
Trading Activity
Trading volume this week was 38.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -76.2%
The company's stock price performance over the past 12 months lags the peer average by -63.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 165.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.2% The company's stock price performance over the past 12 months lags the peer average by -63.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 165.3% higher than the average peer.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 1.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.2% The company's stock price performance over the past 12 months lags the peer average by -63.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 165.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Easterly Government Properties Inc (DEA) shares closed today at 0.5% below its 52 week high of $22.64, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 1.2%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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9bc64c25-14b8-448e-8b27-7bc35efad8c7
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723377.0
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2021-11-22 00:00:00 UTC
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These 3 Dividend Stocks Are Practically Money Machines
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DEA
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https://www.nasdaq.com/articles/these-3-dividend-stocks-are-practically-money-machines
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nan
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nan
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What's the last thing in the world income-seeking investors want? Inconsistency. If you can't count on sure and steady dividends from the stocks you buy, you need to look for better alternatives.
The best way to ensure that you get consistency with dividend payouts is to pick stocks of companies with business models built for the long run. Here are three such dividend stocks that are practically money machines.
Image source: Getty Images.
1. Brookfield Infrastructure
Inflation stands out as a big risk for income investors. If a company doesn't regularly increase its dividend to keep up with inflation, your money won't go as far. But you don't have anything to worry about on this front with Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC). It's one of the most inflation-proof dividend stocks on the market.
As its name indicates, Brookfield Infrastructure owns infrastructure assets. The company's portfolio includes cell towers, data centers, natural gas pipelines, railroads, ports, toll roads, and utilities. Many of these businesses have inflation escalators built into their contracts with customers. Nearly all of Brookfield Infrastructure's assets generate steady, dependable cash flow every quarter.
Brookfield Infrastructure's distribution (equivalent to a dividend) currently yields close to 3.5%. The company has increased its distribution by a compound annual growth rate of 10% since 2009.
In addition to the attractive distribution, Brookfield Infrastructure also offers investors solid growth prospects. With an infrastructure super-cycle underway, the company should be able to continue outperforming the market.
2. Easterly Government Properties
Let's briefly put dividend stocks aside. U.S. Treasury bills are viewed by many as one of the safest investments around. Why? They're backed by the U.S. government. Easterly Government Properties (NYSE: DEA) is a money machine for a similar reason.
Easterly isn't as safe as T-bills, but you're not going to find many dividend stocks with less risk. The company is a real estate investment trust (REIT) that leases properties to the U.S. government. It currently owns 88 properties to federal agencies including the Drug Enforcement Administration, Federal Bureau of Investigation, and Veterans Administration.
As a REIT, Easterly must return at least 90% of taxable income to shareholders in the form of dividends. Its dividend yield currently stands at nearly 5%.
The company has more growth opportunities than you might think. Easterly expects the U.S. government will expand the number of properties that it leases in the future due to budget constraints. The federal real estate market is highly fragmented and has high barriers to entry. Easterly is well-positioned to add more properties to its portfolio.
3. Innovative Industrial Properties
There's another REIT that is also a great pick for income investors who want growth potential. Innovative Industrial Properties (NYSE: IIPR) focuses on buying properties from medical cannabis operators then leasing those properties back to the operators.
This has been a lucrative business model for IIP. Over the past five years, the company's revenue has skyrocketed more than 4,000%. Earnings have soared around 2,750% during the same period.
With that kind of growth, you'd expect IIP's share price would have also gone up a lot. And you'd be right: The stock has vaulted more than 1,300% higher over the last five years and is up close to 50% so far in 2021. IIP should have more growth ahead as the U.S. cannabis industry expands.
The company's dividend yield of a little over 2% might not seem all that great. However, the yield is low solely because IIP stock has delivered such big gains. Since late 2016, IIP's dividend has grown by 10X. Money machine? Definitely.
10 stocks we like better than Brookfield Infrastructure Partners
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Brookfield Infrastructure Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 10, 2021
Keith Speights owns shares of Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, and Innovative Industrial Properties. The Motley Fool owns shares of and recommends Innovative Industrial Properties. The Motley Fool recommends Brookfield Infra Partners LP Units, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, and Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties (NYSE: DEA) is a money machine for a similar reason. The best way to ensure that you get consistency with dividend payouts is to pick stocks of companies with business models built for the long run. The company's portfolio includes cell towers, data centers, natural gas pipelines, railroads, ports, toll roads, and utilities.
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Easterly Government Properties (NYSE: DEA) is a money machine for a similar reason. Innovative Industrial Properties (NYSE: IIPR) focuses on buying properties from medical cannabis operators then leasing those properties back to the operators. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Keith Speights owns shares of Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, and Innovative Industrial Properties.
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Easterly Government Properties (NYSE: DEA) is a money machine for a similar reason. Easterly Government Properties Let's briefly put dividend stocks aside. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Keith Speights owns shares of Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners, and Innovative Industrial Properties.
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Easterly Government Properties (NYSE: DEA) is a money machine for a similar reason. Brookfield Infrastructure Inflation stands out as a big risk for income investors. It's one of the most inflation-proof dividend stocks on the market.
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e4ecc45e-d71a-4a11-b91a-a98cef7f4706
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723378.0
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2021-11-21 00:00:00 UTC
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4 Top Dividend Stocks I'd Buy If I Were About to Retire
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DEA
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https://www.nasdaq.com/articles/4-top-dividend-stocks-id-buy-if-i-were-about-to-retire-2021-11-21
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nan
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nan
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There's a different mindset for investing when you're near the point of leaving the workplace. Your focus shifts a lot more toward steady income and less to generating tremendous growth. That means dividend stocks move to the forefront.
My retirement remains years away -- in large part because I enjoy what I do too much. But I do think about retirement some. If I were about to retire, here are the four top dividend stocks I'd buy.
Image source: Getty Images.
1. Easterly Government Properties
I put Easterly Government Properties (NYSE: DEA) at the top of the list for two main reasons. First and foremost, its dividend is about safe as they come. Second, Easterly offers a juicy dividend yield of just under 5%.
The company's name provides a great hint as to why its dividend is so safe. Easterly focuses on leasing properties to U.S. government agencies. As chairman of the board Darrell Crate said in the company's third-quarter conference call, Easterly's properties are "the ultimate and sleep well at night real estate."
As an added bonus, Easterly should deliver solid growth going forward. The company has a strong acquisitions pipeline. It's likely that federal agencies will continue to prefer leasing rather than owning their own buildings.
2. Brookfield Renewable
Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) ranks as my second pick for similar reasons. The demand for renewable energy isn't going away. Brookfield Renewable's dividend yield of more than 3% is also quite attractive.
My Motley Fool colleague Jason Hall recently went with Brookfield Renewable as the strongest renewable energy stock you can own. I agree completely. The company currently has around 6,000 renewable power facilities that generate roughly 21 gigawatts of energy. But its development pipeline should add more than 31 gigawatts of capacity, with much of it coming from solar and wind.
No company is guaranteed to be around 30 or 40 years from now. However, with the ongoing shift away from fossil fuels, I think that Brookfield Renewable has a better chance than most to still be thriving for decades to come.
3. Devon Energy
You might think I'm contradicting myself by including Devon Energy (NYSE: DVN) on the list. I just stated that there's a shift away from fossil fuels, yet I've chosen an oil and gas producer as a top stock I'd buy if I were nearing retirement.
But I couldn't resist going with Devon for one simple reason: It offers the highest dividend yield among S&P 500 companies by far. That might surprise you if you look at online financial sites that show Devon's yield is currently around 1%. What the sites don't reveal, though, is that the variable portion of the company's distribution pushes its yield to in the ballpark of 10%.
Will Devon's dividend yield remain so high forever? Probably not. However, an expanding global economy should enable the company to continue growing -- albeit at modest rates -- for many more years.
4. AbbVie
My fourth pick boasts the most impressive dividend track record of the group. AbbVie (NYSE: ABBV) is a Dividend Aristocrat, an exclusive club of S&P 500 members with dividend increases for at least 25 consecutive years. Its dividend currently yields more than 4.8%.
It's important to note that AbbVie does face a challenge in the near future. The company's top-selling drug, Humira, faces biosimilars in the U.S. market beginning in 2023. Sales for the drug will inevitably decline significantly.
However, AbbVie has plenty of other strong products in its lineup, including autoimmune disease drug Skyrizi and the blockbuster Botox franchise picked up with its acquisition of Allergan. While the company's total revenue is likely to slip in 2023, AbbVie expects to quickly return to growth that will extend at least through the end of the decade.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 10, 2021
Keith Speights owns shares of AbbVie, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Devon Energy. The Motley Fool owns shares of and recommends Brookfield Renewable Corporation Inc. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties I put Easterly Government Properties (NYSE: DEA) at the top of the list for two main reasons. As chairman of the board Darrell Crate said in the company's third-quarter conference call, Easterly's properties are "the ultimate and sleep well at night real estate." I just stated that there's a shift away from fossil fuels, yet I've chosen an oil and gas producer as a top stock I'd buy if I were nearing retirement.
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Easterly Government Properties I put Easterly Government Properties (NYSE: DEA) at the top of the list for two main reasons. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Keith Speights owns shares of AbbVie, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Devon Energy. The Motley Fool owns shares of and recommends Brookfield Renewable Corporation Inc.
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Easterly Government Properties I put Easterly Government Properties (NYSE: DEA) at the top of the list for two main reasons. My Motley Fool colleague Jason Hall recently went with Brookfield Renewable as the strongest renewable energy stock you can own. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Keith Speights owns shares of AbbVie, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Devon Energy.
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Easterly Government Properties I put Easterly Government Properties (NYSE: DEA) at the top of the list for two main reasons. If I were about to retire, here are the four top dividend stocks I'd buy. Its dividend currently yields more than 4.8%.
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63a1bb05-80b9-4cab-b487-309f87036a4d
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723379.0
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2021-11-14 00:00:00 UTC
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4 Fantastic Dividend Stocks to Buy With Yields of 4% or More
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DEA
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https://www.nasdaq.com/articles/4-fantastic-dividend-stocks-to-buy-with-yields-of-4-or-more-2021-11-14
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nan
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nan
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Trade-offs can often be a necessary evil in investing. For example, you might have to take on more risk than you'd like to obtain a higher dividend payout.
However, you don't always have to make big trade-offs. Some companies have solid businesses and pay juicy dividends. Here are four fantastic dividend stocks to buy with yields of 4% or more.
Image source: Getty Images.
1. AbbVie
Income-seeking investors tend to especially like Dividend Aristocrats. These members of the S&P 500 boast at least 25 consecutive years of dividend increases. AbbVie (NYSE: ABBV) recently extended its streak of dividend hikes to 50 years. And the drugmaker's dividend yield currently tops 4.8%.
AbbVie's product lineup includes 11 blockbuster drugs. However, its top-selling drug Humira will face biosimilar competition in the U.S. in a little over a year. The company's revenue will take a hit as sales for the autoimmune disease drug decline.
The good news, though, is that AbbVie expects to quickly return to revenue growth after a temporary blip in 2023. AbbVie's acquisition of Allergan and newer products including psoriasis drug Skyrizi should help the company move past its Humira headwinds and keep the dividends coming.
2. Devon Energy
No S&P 500 company offers a higher dividend yield than Devon Energy (NYSE: DVN). That might seem surprising if you look at online sites that show Devon's yield is only around 1%. But there's more to the story.
The oil and gas producer's dividend includes two components. The fixed portion gives that 1% or so yield that you'll find on financial websites. However, Devon also has a variable component based on its excess free cash flow. With this variable part added in, the company's dividend yield is more than 10% -- seven times higher than the average company in the S&P 500.
But will the dividend soon fall off? It isn't likely. Devon Energy CFO Jeff Ritenour said in the company's recent third-quarter conference call, "We expect our dividend growth story to only strengthen in 2022. In fact, at today's pricing, we are on pace to nearly double our dividend next year."
3. Easterly Government Properties
If you really want a steady and dependable dividend, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). The real estate investment trust (REIT) specializes in leasing properties to the U.S. government. There's no more reliable tenant than Uncle Sam.
Easterly currently owns 87 properties. Ninety-nine percent of them are leased, with almost all of its tenants U.S. federal agencies. The weighted average remaining lease term for the properties is 9.5 years.
The company's dividend yield stands at around 4.9%. Expect Easterly's dividend to grow by 3% to 4% annually as the company's funds from operations increase thanks to acquiring additional properties.
4. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) co-CEO Randy Fowler said in the company's third-quarter conference call, "Our first priority is supporting and growing distributions to investors." Enterprise's track record shows that Fowler is right.
The midstream energy leader has increased its distribution for 22 consecutive years. That's a dividend hike every year since Enterprise went public. Its yield is now a little under 8%.
Sure, the energy sector can be volatile. However, many industry experts project strong demand will continue through 2022 as the global economy expands. This should translate to a booming business for Enterprise's pipelines and storage facilities -- and probably higher distributions for investors.
10 stocks we like better than Enterprise Products Partners
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Enterprise Products Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 10, 2021
Keith Speights owns shares of AbbVie, Devon Energy, and Enterprise Products Partners. The Motley Fool recommends Easterly Government Properties and Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties If you really want a steady and dependable dividend, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). AbbVie's acquisition of Allergan and newer products including psoriasis drug Skyrizi should help the company move past its Humira headwinds and keep the dividends coming. Devon Energy CFO Jeff Ritenour said in the company's recent third-quarter conference call, "We expect our dividend growth story to only strengthen in 2022.
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Easterly Government Properties If you really want a steady and dependable dividend, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). Devon Energy CFO Jeff Ritenour said in the company's recent third-quarter conference call, "We expect our dividend growth story to only strengthen in 2022. Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) co-CEO Randy Fowler said in the company's third-quarter conference call, "Our first priority is supporting and growing distributions to investors."
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Easterly Government Properties If you really want a steady and dependable dividend, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). Devon Energy No S&P 500 company offers a higher dividend yield than Devon Energy (NYSE: DVN). Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) co-CEO Randy Fowler said in the company's third-quarter conference call, "Our first priority is supporting and growing distributions to investors."
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Easterly Government Properties If you really want a steady and dependable dividend, you'll definitely want to check out Easterly Government Properties (NYSE: DEA). Devon Energy No S&P 500 company offers a higher dividend yield than Devon Energy (NYSE: DVN). With this variable part added in, the company's dividend yield is more than 10% -- seven times higher than the average company in the S&P 500.
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49205d61-dbfb-42a9-bec4-11fccabab6ab
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723380.0
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2021-11-09 00:00:00 UTC
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Easterly Government Properties, Inc. (DEA) Ex-Dividend Date Scheduled for November 10, 2021
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc.-dea-ex-dividend-date-scheduled-for-november-10-2021
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nan
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nan
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Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on November 10, 2021. A cash dividend payment of $0.265 per share is scheduled to be paid on November 24, 2021. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 1.92% increase over prior dividend payment. At the current stock price of $21.52, the dividend yield is 4.93%.
The previous trading day's last sale of DEA was $21.52, representing a -8.99% decrease from the 52 week high of $23.65 and a 9.57% increase over the 52 week low of $19.64.
DEA is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). DEA's current earnings per share, an indicator of a company's profitability, is $.3. Zacks Investment Research reports DEA's forecasted earnings growth in 2021 as 3.97%, compared to an industry average of 2.5%.
For more information on the declaration, record and payment dates, visit the dea Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DEA is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). Zacks Investment Research reports DEA's forecasted earnings growth in 2021 as 3.97%, compared to an industry average of 2.5%. For more information on the declaration, record and payment dates, visit the dea Dividend History page.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. DEA's current earnings per share, an indicator of a company's profitability, is $.3. Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on November 10, 2021.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEA was $21.52, representing a -8.99% decrease from the 52 week high of $23.65 and a 9.57% increase over the 52 week low of $19.64. For more information on the declaration, record and payment dates, visit the dea Dividend History page.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on November 10, 2021. The previous trading day's last sale of DEA was $21.52, representing a -8.99% decrease from the 52 week high of $23.65 and a 9.57% increase over the 52 week low of $19.64.
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0ded17bc-45e2-4425-a325-f8c4aa638b5b
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723381.0
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2021-11-08 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DEA
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DEA
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-dea
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nan
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nan
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.49 per share. Easterly Government Properties Inc shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of DEA shares, versus its 200 day moving average:
Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.32.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.49 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.32. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.49 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.32. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.49 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.32. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.48, changing hands as high as $21.49 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.32. Easterly Government Properties Inc shares are currently trading up about 0.6% on the day.
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78596832-bb96-4212-aa9b-e686d9184044
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723382.0
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2021-11-08 00:00:00 UTC
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Ex-Dividend Reminder: Community Healthcare Trust, Easterly Government Properties and Provident Financial Services
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DEA
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-community-healthcare-trust-easterly-government-properties-and
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Looking at the universe of stocks we cover at Dividend Channel, on 11/10/21, Community Healthcare Trust Inc (Symbol: CHCT), Easterly Government Properties Inc (Symbol: DEA), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. Community Healthcare Trust Inc will pay its quarterly dividend of $0.435 on 11/26/21, Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 11/24/21, and Provident Financial Services Inc will pay its quarterly dividend of $0.24 on 11/26/21. As a percentage of CHCT's recent stock price of $47.79, this dividend works out to approximately 0.91%, so look for shares of Community Healthcare Trust Inc to trade 0.91% lower — all else being equal — when CHCT shares open for trading on 11/10/21. Similarly, investors should look for DEA to open 1.24% lower in price and for PFS to open 0.93% lower, all else being equal.
Below are dividend history charts for CHCT, DEA, and PFS, showing historical dividends prior to the most recent ones declared.
Community Healthcare Trust Inc (Symbol: CHCT):
Easterly Government Properties Inc (Symbol: DEA):
Provident Financial Services Inc (Symbol: PFS):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.64% for Community Healthcare Trust Inc, 4.96% for Easterly Government Properties Inc, and 3.73% for Provident Financial Services Inc.
In Monday trading, Community Healthcare Trust Inc shares are currently up about 0.1%, Easterly Government Properties Inc shares are up about 0.8%, and Provident Financial Services Inc shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 11/10/21, Community Healthcare Trust Inc (Symbol: CHCT), Easterly Government Properties Inc (Symbol: DEA), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.24% lower in price and for PFS to open 0.93% lower, all else being equal. Below are dividend history charts for CHCT, DEA, and PFS, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 11/10/21, Community Healthcare Trust Inc (Symbol: CHCT), Easterly Government Properties Inc (Symbol: DEA), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. Community Healthcare Trust Inc (Symbol: CHCT): Easterly Government Properties Inc (Symbol: DEA): Provident Financial Services Inc (Symbol: PFS): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.24% lower in price and for PFS to open 0.93% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 11/10/21, Community Healthcare Trust Inc (Symbol: CHCT), Easterly Government Properties Inc (Symbol: DEA), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. Community Healthcare Trust Inc (Symbol: CHCT): Easterly Government Properties Inc (Symbol: DEA): Provident Financial Services Inc (Symbol: PFS): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.24% lower in price and for PFS to open 0.93% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 11/10/21, Community Healthcare Trust Inc (Symbol: CHCT), Easterly Government Properties Inc (Symbol: DEA), and Provident Financial Services Inc (Symbol: PFS) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.24% lower in price and for PFS to open 0.93% lower, all else being equal. Below are dividend history charts for CHCT, DEA, and PFS, showing historical dividends prior to the most recent ones declared.
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56f90915-a768-47bb-9f49-4ca9f57e08c2
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723383.0
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2021-11-08 00:00:00 UTC
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3 Top Small-Cap Stocks to Buy Right Now
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DEA
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https://www.nasdaq.com/articles/3-top-small-cap-stocks-to-buy-right-now
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Think small. That's the best investing strategy to make explosive gains. Huge companies usually don't have the tremendous growth prospects that small companies do.
Of course, investing in small-cap stocks typically comes with a higher level of risk. But you can reduce that risk to some extent by picking companies with especially promising opportunities. Here are three top small-cap stocks to buy right now.
Image source: Getty Images.
1. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) isn't too far away from being disqualified as a small-cap stock, with its market cap of $1.8 billion. However, if you're looking for a low-risk investment, Easterly definitely fits the bill.
The company is a real estate investment trust (REIT) that focuses on, as its name indicates, government properties. Easterly owned 83 properties as of Sept. 30, 2021. All but one of them were leased to U.S. federal agencies.
It's unusual for a dividend to be the main attraction for a small-cap stock. But that's the case with Easterly. Its dividend currently yields nearly 5%.
This REIT also has a solid growth opportunity, though. So far this year, it has acquired 10 new properties either directly or through a joint venture. CEO Bill Trimble said in the company's third-quarter conference call that Easterly has a "robust pipeline of actionable opportunities" that will drive growth into 2023.
2. DermTech
DermTech (NASDAQ: DMTK) probably is more aligned with what many investors searching for great small-cap ideas want. Its market cap stands at a little over $800 million. And DermTech is targeting a massive market.
The company develops genomic tests for diagnosing skin cancer. It already has a melanoma test on the market. DermTech hopes to soon launch another test for evaluating ultraviolet ray damage and skin cancer risk.
How big is the opportunity for DermTech? Consider that more people are diagnosed with skin cancer than all other types of cancer combined. More than 50 million people have UV-related skin damage that significantly increases their risk of developing skin cancer.
DermTech estimates that the addressable market for its current genomics tests and those in development totals around $10 billion per year. With the advantages that its noninvasive tests offer compared to the current approach of surgical biopsy, the company should be able to capture a nice chunk of that market over time.
3. Jushi Holdings
Jushi Holdings (OTC: JUSHF) is the smallest of these three small-cap stocks, with a market cap of less than $640 million. However, it definitely has a big opportunity.
The company is an up-and-coming multistate cannabis operator. Jushi currently operates in eight states, with retail cannabis or CBD dispensaries open in all but one of those markets. It also holds licenses for additional dispensaries in four of the states.
Jushi continues to grow significantly both organically and through acquisitions. In the second quarter of 2021, the cannabis operator's sales more than tripled year over year with strong earnings growth.
Analysts think the stock could double over the next 12 months. Over the longer term, Jushi's prospects could be even better as Virginia's recreational cannabis market opens in 2024.
10 stocks we like better than Jushi Holdings
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Jushi Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of October 20, 2021
Keith Speights owns shares of DermTech, Inc. The Motley Fool owns shares of and recommends DermTech, Inc. and Jushi Holdings. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) isn't too far away from being disqualified as a small-cap stock, with its market cap of $1.8 billion. DermTech DermTech (NASDAQ: DMTK) probably is more aligned with what many investors searching for great small-cap ideas want. CEO Bill Trimble said in the company's third-quarter conference call that Easterly has a "robust pipeline of actionable opportunities" that will drive growth into 2023.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) isn't too far away from being disqualified as a small-cap stock, with its market cap of $1.8 billion. DermTech DermTech (NASDAQ: DMTK) probably is more aligned with what many investors searching for great small-cap ideas want. The company develops genomic tests for diagnosing skin cancer.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) isn't too far away from being disqualified as a small-cap stock, with its market cap of $1.8 billion. DermTech DermTech (NASDAQ: DMTK) probably is more aligned with what many investors searching for great small-cap ideas want. Jushi Holdings Jushi Holdings (OTC: JUSHF) is the smallest of these three small-cap stocks, with a market cap of less than $640 million.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) isn't too far away from being disqualified as a small-cap stock, with its market cap of $1.8 billion. DermTech DermTech (NASDAQ: DMTK) probably is more aligned with what many investors searching for great small-cap ideas want. Huge companies usually don't have the tremendous growth prospects that small companies do.
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fe8213e0-35a4-4f96-bcbd-8e908d4ae2ba
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723384.0
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2021-11-03 00:00:00 UTC
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Easterly Government Properties Inc (DEA) Q3 2021 Earnings Call Transcript
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-dea-q3-2021-earnings-call-transcript-2021-11-03
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Image source: The Motley Fool.
Easterly Government Properties Inc (NYSE: DEA)
Q3 2021 Earnings Call
Nov 3, 2021, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings. Welcome to the Easterly Government Properties Third Quarter 2021 Earnings Conference Call. [Operator Instructions]
I will now turn the conference over to your host, Lindsay Winterhalter, Vice President of Investor Relations. Please go ahead.
10 stocks we like better than Easterly Government Properties
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
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Lindsay Winterhalter -- Vice President, Investor Relations and Operations
Good morning. Before the call begins, please note the use of forward-looking statements by the company on this conference call. Statements made on this call may include statements which are not historical facts and are considered forward-looking. The company intends these forward-looking statements to be covered by the Safe Harbor provisions for forward-looking statements contained in the Private Securities Litigation Act Reform of 1995, and is making the statement for the purpose of complying with those Safe Harbor provisions. Although the company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, it can give no assurance that these plans, intentions, expectations or strategies will be attained or achieved.
Furthermore, actual results may differ materially from those described in the forward-looking statements, and will be affected by a variety of risks and factors that are beyond the company's control, including, without limitation, those contained in Item 1A, Risk Factors of its annual report on Form 10-K for the year ended December 31st, 2020, filed with the SEC on February 24th, 2021, and in its other SEC filings, including its Form 10-Q, which we expect will be filed later today, and risks and uncertainties related to the adverse impact of COVID-19 on the U.S., regional and global economies and the potential adverse impact on the financial condition and results of operation of the company. The company assumes no option to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Additionally, on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, funds from operations as adjusted, and cash available for distribution. You can find a tabular reconciliation of these non-GAAP financial measures to the most comparable current GAAP numbers in the company's earnings release and separate supplemental information package on the Investor Relations page of the company's website at ir.easterlyreit.com.
I would now like to turn the conference call over to Darrell Crate, Chairman of Easterly Government Properties.
Darrell W. Crate -- Chairman of The Board Of Directors
Thank you, Lindsay. Good morning, everyone, and thank you for joining us for the third quarter conference call. Today, in addition to Lindsay, I'm also joined by Bill Trimble, the company's CEO; and Meghan Baivier, the company's CFO and COO.
I could not be more pleased with our business progress during the third quarter. We were able to develop all stages of the acquisition pipeline, including identification, negotiation of terms, diligence and closing. With this morning's announcement, we have exceeded our goal of $300 million in acquisitions for 2021, and as you saw in the release, we increased our guidance for acquisitions to $350 million. This is our second increase to this metric during 2021, and all told, this represents a 75% increase on our original acquisition volume target from one year ago. In addition, we are very well positioned to achieve our acquisition target range of $200 million to $300 million for 2022.
In addition, we materially improved our competitive position and expanded our executable addressable market or bullseye over the medium term with the announcement of the portfolio purchase, side by side with an outstanding joint venture partner.
As you may recall, years ago, there was a sizable building we were bidding on that was squarely within our bullseye. And while we were highly competitive as a bidder, we lost the auction. Why? We were not able to match the price given the cost of our capital and our speed to close, given our scale relative to our competitors. Unequivocally, the building we lost is one that we should have owned. We also realized that there was a universe of several billion dollars worth of buildings, that could trade over the next 15 years, where we could find ourselves at a similar disadvantage. It was clear to us, that we needed to solve this issue.
We began an effort to find a set of investors, who would see value in the enduring nature of our leases, as they are backed by the full facing credit of the United States government, have a life with several renewals that can reach or exceed 50 years, on sites that will generally see economic development over the coming decades. The ultimate and sleep well at night real estate, or as Bill says, real estate without the drama.
We spoke with both domestic and global insurance companies, pension funds and sovereign wealth funds. What we learned, is that the audience that most values our assets, are folks who are also responsible for purchasing U.S. Treasury securities, and they see their real estate holdings as part of an expansive global investment effort. While we join our public company shareholders on these calls quarter after quarter and discuss the significant 500-plus basis-point premium we offer relative to treasuries, we came to realize that the public REIT investors' first instinct is not to approach the valuation of our assets with this risk premia in mind. The result of our conversation was to narrow our interactions to several large global organizations, that invested with a broader scope of risk and asset types.
Ultimately, we found a partner with whom we believe we can creatively and decisively work to harvest the most value and own those sizable assets in the United States lease market, while simultaneously serving the needs of our public REIT investors. This enabled us to deliver the portfolio transaction that we announced two weeks ago, which is an accretive transaction as measured by both, FFO and CAD, for our shareholders while being competitive in the marketplace for the highest quality assets.
It's important to note that the universe of global investors see value in these assets at a sub-5% cap rate. While the purchase of this VA portfolio is an attractive addition to our existing assets as measured by duration, quality, scale and diversification, it more importantly illustrates the model by which we can transact within our total addressable market, and positions us at a competitive advantage, with the largest pristine assets in our target universe.
I complement the whole organization and our Board for their efforts over the last couple of years, as we work to solve this challenge, and I'm very excited about the expanded capabilities that this new relationship brings to our enterprise.
With that, I'll turn the call over to Bill to further describe the activities of the quarter.
William C. Trimble -- President, Chief Executive Officer and Director
Thanks, Darrell, and good morning. Thank you for joining us for our third quarterearnings call It gives me great pleasure to discuss the specifics of the company's most recent acquisition activities. It has been a very productive three months since our last time together.
Starting with our activities during the quarter, the acquisitions team continued to add mission-critical, bullseye properties with the third quarter acquisition of an approximately 61,000 square foot Class A facility located in Cleveland, Ohio, that is leased to several key agencies within the U.S. government. This security level 3 facility was substantially renovated in 2016, and again in 2021 for the Department of Homeland Security, and largely fulfills important missions, such as investigating criminal organizations and terrorist networks. A portion of the property also serves as Cleveland's National Weather Service forecast office.
The U.S. government has invested significant tenant improvements in this building, whose specialized features include a secured entry in parking, a sally port, a backup generator and an uninterrupted power supply battery system, which all support the weighted average potential lease term through June of 2034.
Subsequent to quarter-end, Easterly, through its JV, entered into an agreement to acquire a brand-new state-of-the-art 1.2 million square-foot portfolio leased entirely to the Department of Veterans Affairs. With two of the 10 assets already acquired, this portfolio is a perfect fit for Easterly, and clearly differentiates us and any of our competitors who may seek to build a portfolio in this niche market of VA leased assets. Through this acquisition, the company is materially reducing the average age of the portfolio, while simultaneously extending its weighted average remaining lease term. And with 100% of the portfolio's annualized lease income, backed by the full faith and credit of the U.S. government, Easterly can deliver cash flow growth to shareholders through a strategic joint venture partnership, with one of the world's leading investors.
If we assume September 30th profile metrics and a scenario where all 10 buildings were acquired and operating on the earlier of its actual lease commencement date or October 1, 2021, Easterly's weighted average age would drop 13% from 13.8 years to 12 years; its weighted average remaining lease term would grow nearly 16% from 8.9 years to 10.3 years; and the size of the portfolio would grow by 16% from 7.5 million square feet to 8.7 million square feet. To improve all of these metrics through a single portfolio transaction is very exciting for us at Easterly, and we expect it is for both our debt and equity partners as well.
Also, in the third quarter, we honed our discipline of owning government-leased assets through the strategic disposition of a non-core asset, a privately leased warehouse located in Midland, Georgia. While a quality asset, owning a lease facility that lacks the creditworthiness of the United States government is, by definition, a disposition candidate for Easterly. We have long communicated this asset as a potential source of funds for future acquisitions, and with the rolling closings of the remaining eight properties in the VA portfolio between now and 2023, Easterly is able to put that capital to work while simultaneously strengthening the lease profile of the company's portfolio.
Subsequent to quarter-end and in addition to the two VA outpatient facilities acquired by the JV, Easterly acquired a nearly 500,000 square-foot facility, primarily leased to the United States Citizenship and Immigration Services or USCIS, located in the metropolitan region of Kansas City, Missouri. With the majority of the building leased to USCIS through 2042, the total weighted average lease expiration date for the facility is February 2036. Should all in-place tenant renewals options be exercised, the weighted average lease expiration date for the facility could be as late as January of 2045. Notably, this property serves as USCIS' National Benefits Center or NBC, which supports the processing of applications from every U.S. state and territory for the different immigration benefits, including the authorization for employment, travel abroad, permanent residency and naturalization. The NBC's primary function is to prepare the case files for eventual adjudication for more than 85 field offices nationwide.
And finally, just this morning, the company announced our latest acquisition, which is not part of the 10 property VA portfolio. Yesterday, Easterly acquired an 80,000 square-foot VA outpatient clinic located in the Midwest region of the United States. VA Midwest is a build-to-suit outpatient clinic that was recently completed in 2021. The state-of-the-art two Green Globes certified facility is leased to the VA for an initial non-cancelable lease term of 20 years that does not expire until May of 2041. The outpatient clinic provides a wide range of medical and ancillary services, including, but not limited to, primary care, mental health, audiology, optometry, dermatology, radiology and prosthetics.
To summarize, year-to-date, Easterly has acquired either directly or through the JV, 10 properties for a total pro rata contractual purchase price of approximately $321.3 million, exceeding its increased $300 million acquisition volume target for the year. Pro forma for these acquisitions, Easterly owns directly or through the JV, 87 properties totaling 8.3 million square feet.
As you'll recall, given the pace of our acquisitions and our clarity of pipeline, we increased our 2021 FFO guidance per share on a fully diluted basis, in conjunction with increasing our acquisition volume target by 50% for the year from $200 million to $300 million. We also spent time in the last call, letting you know the team was looking for large opportunities, and we felt confident in our ability to meet or possibly significantly exceed this increased $300 million in acquisition volume.
Since the time of our last call, Easterly has either directly or through our pro rata share of the JV, more than doubled our acquisition volume for the year, and identified a robust pipeline of actionable opportunities that will carry us into 2023. And while the acquisitions team has created certainty of pipeline for the next couple of years, we are by no means slowing our pace. The team continues to work hard, to identify future single and portfolio opportunities, that will deliver growth to our shareholders.
Turning to development; we are pleased to report that the government has reached a determination on its new program requirements for the future FDA Atlanta laboratory development project. The GSA and the FDA have spent the past several months working together to ensure maximum benefit from this facility, and we are pleased to once again actively engage with the government and proceed with the redesign process. Given the non-speculative nature of our development projects, the design process is heavily dependent on the government, as they customize their specific requirements. After the government determines its functional needs, we work collaboratively in the design, and the government then relies on us to construct the build-out. During build-out, given our expertise in the specialized field, we have the ability to accelerate the construction timeline, as was demonstrated in the case of FDA Lenexa.
Turning to leasing updates, our asset management team continues to secure meaningful renewals that lengthen the duration of cash flows. In the third quarter, we renewed the lease at DEA Vista for a 15-year term that retroactively applies to November of 2020 and does not expire until November of 2035. We also renewed several key leases at various GSA Buffalo asset, including the approximately 50,000 square foot IRS lease for 10 years, and the approximately 111,000 square foot VA lease for 15 years. These renewals, combined with the other assets year-to-date translate into eight successful releasing exercises, totaling over 530,000 square feet or 7% of annualized leased income for a weighted average lease term of 16.1 years in 2021.
In closing, we at Easterly have been busy since the time of our last call. We have meaningfully and accretively scaled the company's portfolio through the acquisition of bullseye assets. We have charted a course for the highest acquisition volume year on record as a public company. We have formed a new joint venture with an experienced global partner, and we have even further refined our investment discipline of owning assets, primarily backed by the full faith and credit of the U.S. government.
With that, I thank you for your time this morning. I'll turn the call over to Meghan to discuss the quarterly financial results and capital markets executions.
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Thank you, Bill. Good morning, everyone. It gives me great pleasure to post another strong quarter and issue earnings guidance for 2022, demonstrative of our ability to deliver consistent growth to shareholders.
Turning to our quarterly results for the third quarter; net income per share on a fully diluted basis was $0.09. FFO per share on a fully diluted basis was $0.33. FFO as adjusted per share on a fully diluted basis was $0.31 and our cash available for distribution was $26.1 million. As of September 30th, we owned 83 operating properties, comprising approximately 7.5 million square feet of commercial real estate, with one additional development project in design, totaling approximately 162,000 square feet. The weighted average age of our portfolio was 13.8 years and the weighted average remaining lease term was 8.9 years, well matched, I'd like to point out, to the weighted average debt maturity of nearly seven years.
As Bill pointed out, these metrics are expected to continue improving through the acquisition of the 10-property VA portfolio announced subsequent to quarter end. These metrics are core to our strategy, as reflected through the acquisition of young buildings and renewal of existing assets for long lease duration. These actions have also demonstrated the company's ability to continue to generate cash flow with strong visibility for years to come.
Turning to the balance sheet; at quarter-end, the company had total indebtedness of approximately $1 billion, with ample capacity on our line of credit for future acquisitions and development-related expenses. As of September 30th, Easterly's net debt to total enterprise value was 33.2% and its adjusted net debt to annualized quarterly pro forma EBITDA ratio was a low 6.1 times.
During the third quarter, Easterly had a number of notable capital markets events. First, the company upsized its existing senior unsecured credit facility. The amended and restated credit facility consists of a $450 million revolver, and a $200 million term loan facility, up to $50 million of which will be available on a delayed draw basis for up to 364 days, post-closing. The revolver includes an accordion feature, that allows the company to request additional lender commitments of up to $250 million, for a total amended credit facility capacity of up to $900 million. The revolver will initially mature four years from the closing date in July 2025, with the option to extend the maturity to July 2026. The term loan will mature five years from the closing date in July 2026. The term loan is prepayable without penalty for the entire term of the loan.
Borrowings under the revolver will bear interest at a rate of LIBOR plus a spread of 120 to 180 basis points, and the term loan will bear interest at a rate of LIBOR plus a spread of 120 to 170 basis points, depending on the company's leverage ratio. Given the company's current leverage ratio, the initial spread to LIBOR is set at 125 bps for the revolver and 120 basis points for the term loan.
Of note, the amended credit facility also features a sustainability-linked pricing component, whereby the pricing can improve by 1 basis-point, if Easterly meets certain sustainability performance targets, as determined by an independent third-party evaluation. Coupled with our hiring of a Director of Sustainability, a new role within our organization, it is our expectation that Easterly earns this discounted spread and meaningfully demonstrates our commitment to environmental sustainability and strong corporate citizenship.
The second notable event for the quarter ended September 30th was an underwritten public offering of 6.3 million shares of the company's common stock sold on a forward basis. This strategic offering executed at a net price to the company of $21.64 per share, has provided Easterly with funding needed to continue pursuing its acquisition pipeline, at levels that are accretive to shareholders.
In the third quarter of 2021, the company issued approximately 2.1 million shares of its common stock through the company's ATM program, at a net weighted average price of $23.65 per share, raising net proceeds to the company of approximately $50 million. All shares were from forward sales transactions entered into in prior quarters.
Today, the company has approximately 8.2 million shares, which are subject to unsettled forward sales transactions. Assuming these shares are physically settled in full at a weighted average initial forward sales price of $21.71 per share, the company expects to receive net proceeds of approximately $178 million. With these unsettled forward sales, Easterly is very well poised to continue funding our acquisition and development pipeline, just in time at a highly attractive cost of capital.
Subsequent to quarter-end, Easterly issued the previously announced $250 million principal amount of fixed rate senior unsecured notes. The notes were issued and sold in two tranches, Series A senior notes in the amount of $50 million with a seven-year maturity; and Series B notes and the upsized amount of $200 million with a nine-year maturity. Together, the weighted average maturity of these notes is 8.6 years, and the weighted average interest rate is 2.84%. Raising long-term unsecured debt at such an attractive weighted average rate and maturity, is an extremely powerful tool in generating value for shareholders.
Finally, in connection with the VA portfolio announced subsequent to quarter-end, Easterly has entered into a joint venture with a leading global investor, which serves as the investment vehicle for this brand-new anticipated 1.2 million square foot portfolio. Easterly's JV partner will retain a 47% stake and Easterly will retain a 53% stake in the JV. Easterly will also receive asset management fees from the JV partner, and will be responsible for the day-to-day management of the properties. This relationship with our new JV partner, we believe, demonstrates a global interest in the strength and stability of the U.S. government cash flows, that underpin Easterly's credit quality. We are excited by the partnership and look forward to a strong, mutually beneficial relationship for many years to come.
Turning to releasing; as Bill previously mentioned, we continue to make progress in working through our pipeline of upcoming lease expirations. With the successful execution at DEA Vista and two of the more sizable leases within various GSA Buffalo, we now have approximately 243,000 square feet and five leases up for renewal through the end of 2021. With a large percentage of the renewal work now behind us, we continue to make meaningful progress with the GSA, and are in active discussions regarding all properties at this time. We continue to feel good about the long-term mission and tenancy of these upcoming expirations, and we'll keep you apprised of future renewals in the coming quarters.
Turning to our earnings guidance; as you'll recall, during the quarter ended June 30th, the company increased its guidance for 2021 FFO per share on a fully diluted basis to a range of $1.30 to $1.32. Reflective in part of our increased actionable acquisition pipeline, the midpoint of this guidance was predicated upon completing an enhanced $350 million in acquisitions, an increase from our previously stated $300 million in acquisitions and up to $25 million in gross development-related investment in 2021.
Today, the company is maintaining this increased guidance and at its midpoint, Easterly remains on track to continue our record of steady FFO growth year-over-year. At the midpoint of our 2021 guidance, we are expected to achieve a 3.8% CAGR in FFO per share over the last three years. When coupled with our recently increased dividend of $0.265 per share, which generates a run rate dividend yield of 5% based on our quarter-end stock price, we are proud to be in a position to continue to deliver attractive total returns to our shareholders.
The company is also issuing 2022 FFO per share on a fully diluted basis guidance in a range of $1.34 to $1.36. This guidance is predicated upon completing $200 million to $300 million in acquisitions, including acquisitions through the JV at the company's pro rata share of the contractual purchase price, and up to $25 million in gross development-related investment in 2022. Easterly remains on track to deliver its steady FFO growth per share year-over-year, as is our goal to remain dependable and provide a constant source of growth for our shareholders.
To echo Bill and Darrell's sentiment, we're excited by the events that have transpired since our lastearnings call We have raised equity at attractive levels to match our forecasted record-breaking acquisition volume. We have fortified the balance sheet, with debt issued at attractive rates with long-dated maturities. We have formed a lasting relationship with a preferred global investor in the company's first-ever joint venture, and we've charted a course for future growth through the introduction of our 2022 earnings guidance.
With that, we thank you for your commitment to our investment thesis, and appreciate your partnership.
I will now turn the call back to Maria.
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Emmanuel Korchman with Citi. Please proceed with your question.
Emmanuel Korchman -- Citigroup -- Analyst
Hey. Good morning, everyone. Just thinking about the acquisition guidance for 2022. Could you quantify how much of that is contractual, or at least planned under the JV versus new targeted acquisitions outside of what sort of we already know about?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Sure. So, obviously, as we continue to work on closing the VA portfolio, we are basing that guidance, assuming $50 million of pro rata acquisition volume falls into next year.
Emmanuel Korchman -- Citigroup -- Analyst
So, $50 million of the $200 million to $300 million JV and then $250 million of fresh acquisitions at the $300 million?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes.
Emmanuel Korchman -- Citigroup -- Analyst
So, when does the rest of the JV close? Because I was under the impression you haven't closed that much, and there was only one deal that was slated for 2023. So, what am I missing in terms of volume?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
The messaging is that our -- important messaging is that our target is $250 million without that joint venture. And as we know, that joint venture was done at levels that are accretive to FFO. But, whether they fall at the tail end of this year or they slide into next year, the messaging is really about deals in addition to that as those will be the primary drivers of FFO growth. Remember, the VA portfolio is accretive to FFO, but really a driver of CAD.
Emmanuel Korchman -- Citigroup -- Analyst
All right. And then, Bill, in your quoted statement in the press release, you talked about a large identified pipeline. If we were to sort of categorize that into single asset deals versus portfolios, are there more portfolios you're looking at now, versus in the past, or is the mix the same? Just give us some more flavor on that identified pipeline?
William C. Trimble -- President, Chief Executive Officer and Director
Yeah. I'd say, Manny that -- as we mentioned in previous calls, we are looking at some really interesting portfolios out there, but the timing is never certain. But, I think that, as always, it's the ones and twos, the ones that we -- the bullseye properties that we're looking at, that gave us the confidence to issue that strong guidance for next year's pipeline. So, I think, the portfolios would probably be on top of that, if that worked out.
Emmanuel Korchman -- Citigroup -- Analyst
Great, thanks very much.
William C. Trimble -- President, Chief Executive Officer and Director
Yep.
Operator
Our next question is from Michael Carroll with RBC Capital Markets. Please proceed with your question.
Michael Carroll -- RBC Capital Markets -- Analyst
Yeah. I just want to go back to Manny's question real quick. How much of the joint venture do you still have to close? Is it roughly just over $300 million of your share, that still needs to be closed within that portfolio?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
That's correct, Mike.
Michael Carroll -- RBC Capital Markets -- Analyst
And can you help us understand when will that close? It sounds like a majority of it is going to close in 2022?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yeah. So, what we've said, right, is we expect all, but the final on a total purchase price, right, to -- of $100 million to fall by the end of the second quarter next year. I think, we don't encourage you to get caught up, as these are development properties and the perfect timing of when they will close. The point is whether they are able to close in the end of this year or at the beginning of next year, is that we're going to do a target of $250 million, in addition to that.
Michael Carroll -- RBC Capital Markets -- Analyst
In addition to the JV closing?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Correct.
William C. Trimble -- President, Chief Executive Officer and Director
Yes.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay, great.
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
$50 million is the underlying assumption there.
William C. Trimble -- President, Chief Executive Officer and Director
Yeah. I think, we can't say it enough. That our steady business -- I mean, we've got a business that's delivering a dividend yield of 5%. As Meghan said, we're growing between 3% and 4% a year in FFO, as we've demonstrated over the last three years. Our steady-state turn-the-crank business is $200 million to $300 million of acquisitions a year. It's our belief that the full faith in credit cash flows of the government growing at a steady pace, as a very attractive investment proposition. And these portfolios and sort of these one-off value-creating activities, which I think can be many over this next decade, are really in excess of -- sort of that base core business.
And I think it's so important to realize that, the joint venture partner enabled us to go out and buy these portfolios in a way, that it is marginally accretive to FFO. It's very attractive to CAD and what's most important, is that we're owning these very large, most pristine assets in the U.S. government lease market. And as we continue to dominate and continue to build our competitive advantage relative to others in that space, this enables us to do just that. And I can't say enough that global investors who are across a broad set of assets, see these assets at a sub-5% cap, which is in stark contrast to the overall cap rate that our enterprise is granted in the public markets today.
Michael Carroll -- RBC Capital Markets -- Analyst
And then, how do you plan on growing the joint venture down there? I'm assuming that there's other portfolios that you would want to do in the JV? I mean, should we assume that larger...
William C. Trimble -- President, Chief Executive Officer and Director
Billions -- billions of dollars.
Michael Carroll -- RBC Capital Markets -- Analyst
So, should we assume that larger portfolio deals could be put in the joint venture and then these one-off smaller transactions will be completed on balance sheet?
William C. Trimble -- President, Chief Executive Officer and Director
Well, no, it's not really that simple. It's that there are these large portfolios where we will go to this joint venture partner, and we'll use the joint venture appropriately. And it's early days. We think they're fantastic. I think, they are very astute real estate investors, and I think we have a clear understanding of their objectives and what we can deliver. So, again, our steady-state business is going to be delivering that $200 million to $300 million of acquisitions a year. Having that FFO growth, that is dividend yield 5% with a 3% to 4% growth on top of it. And then, as these very large deals come forward, we couldn't be more excited to have our joint venture partner work with us, to craft the transaction that helps us meet public shareholder -- public REIT shareholder demands for return on capital, while also allowing us to grow our dividends.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. And then, can you talk a little bit about the -- your asset sales? I know you had one small one completed, I guess, post quarter end. I mean, is there a plan to sell the other privately leased properties? And do you -- are you marketing those for sale, or is this one that was just complete? It was just kind of an opportunistic type transaction, that someone came out to you and said they wanted to buy it?
William C. Trimble -- President, Chief Executive Officer and Director
Yes. Great question. I think, we've said probably since we met you first and we went public that these nongovernment core assets were always available for sale. In this case, it was just a good time to transact that sale and we did. And the answer is absolutely. Those other properties would be viewed as a source of funds for new opportunities going forward. And we're always looking, if we can execute it at an accretive value for our shareholders, we'll do it. The other properties are terrific -- property basically and it would be for sale at any moment, if we saw the right pricing on it.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. And then, there's one small asset that's in there, so I don't want to put too much stress because it's super small, but it looks like the lease expires within the next six months. I mean what's the plan with that specific asset? Like, we are sharing hope [Phonetic]?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes. I mean, Mike, you're asking about a net of a lease, but we -- that lease could certainly not get renewed. But, it's de minimis, not even worth our time on anearnings call but yes, the small private sector lease in our Charleston asset.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay, great. Thank you.
Operator
Our next question is from John Kim with BMO Capital Markets. Please proceed with your question.
John Kim -- BMO Capital Markets -- Analyst
Thank you. Bill, in your prepared remarks, you talked about a number of renewals that you've done on the leasing side. Were those all '21 or were some of those '22 expirations? And then, can you talk about what the leasing spread was on those renewals?
William C. Trimble -- President, Chief Executive Officer and Director
Thank you, and good morning. I'll hand that over to Meghan. She's got it right in front of her.
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes. Sure. So, obviously, the two, IRS lease and the VA lease in Buffalo, were renewed in the quarter as well as DEA Vista had been in what we call holdover and then the other two were -- one was in 2021 and the other one as well in 2021. So, just those three leases. And John, as we said, we've always got renewals that are impacting different years. Some have tenant improvements that we have insight into. Some are developing our insights. So, we're going to continue to talk about renewals annually as we started last year, and look forward to doing that on our next quarter call.
John Kim -- BMO Capital Markets -- Analyst
What was the leasing spread?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yeah. So John, we talked about leasing spreads within the portfolio on an annual basis, so, we're going to continue that track record as we come out next quarter.
John Kim -- BMO Capital Markets -- Analyst
Okay. So, just at the end of the year, you're just going to renew what happened during the year?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Exactly.
John Kim -- BMO Capital Markets -- Analyst
I know you dont reportsame-store NOI, but looking at operating expenses this quarter, it was up 6% sequentially, which was higher than the revenue growth. Is that a good run rate going forward on expenses? And, can you just comment on the inflationary impact on some of those items?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes. So, I encourage everyone to remember that the -- we have a tenant reimbursement line item in our revenue that relates to the projects that we will perform for the GSA during the term of the lease. There's an equal offsetting amount in our property operating expenses, as we obviously finance the project and then the government reimburses us. So, when you're thinking about operating expenses to truly operate the property, you need to peel out the tenant reimbursement amount from opex. And so, if you were to do that, John, I think, you would see very consistent NOI margin year-to-date year-over-year. And look, CPI is obviously something we're aware of. We have the benefit of our opex basis in our leases, which will also grow with CPI, nearing 5% to 6% this year. And so, we feel well insulated.
John Kim -- BMO Capital Markets -- Analyst
There's typically a lag between reimbursements and the opex?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
No. It's an annual drop.
John Kim -- BMO Capital Markets -- Analyst
Okay. And just a final question for me. What are you expecting as far as cap rates for 2022? I think, part of it is the mix of what you do JV versus on balance sheet. But generally, are you expecting cap rates to continue to trend down?
William C. Trimble -- President, Chief Executive Officer and Director
Yes. I think, it's sort of a tale of two cities, which when we're looking at our $250 million outside of the JV, I think we'll be consistent with what we've seen this year. And we've seen lots of opportunities ranging for anywhere for sort of a 5, 6 up to north of a 6 cap. And so, that market continues to be robust, and I think we'll do a great job mining those opportunities. Yes, they've come in a little bit this year, but I think also at the same time, if you look at what we purchased this year, for the most part, they've been very long-term leases with bullseyes sorts of properties, pointing to that National Weather Service headquarters that we purchased earlier this year.
But, there's also another set of buildings, and Darrell talked about this, that are in the pristine 15, 20-year brand new sorts of facilities. And those properties are trading at 5.25, 5.40 and in some cases, lower. And now we have the opportunity to go ahead and enhance our portfolio of those acquisitions. So, think of sort of, as I mentioned, the tale of two cities, one barely accretive, but doing wonders for our CAD, doing wonders for our metrics and wonders for our overall enterprise value; and the other one, the real driver of growth and FFO.
John Kim -- BMO Capital Markets -- Analyst
Appreciate the color. Thank you.
Operator
Our next question is with Manny Korchman with Citi. Please proceed with your question.
Emmanuel Korchman -- Citigroup -- Analyst
Hey. I'm going to come back to acquisitions, because I know I'm not the only one confused by this. So, you have $300 million left to close with the JV assets. Your guidance for this year includes another, call it, $25 million to $30 million of acquisitions to close. Your guidance next year includes $50 million to close. So, when did -- when in our model should we include the $200 million to $225 million piece of the JV to close? Is that early '23 because it might close by end of '22 and you're being conservative, or am I just completely missing something here?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes. So, you're not missing something other than the real takeaway, which is we're obviously trying to guide to an appropriate level next year, so people can think about where to build last point, right, where FFO drivers will go versus the assets like we're doing in the joint venture. So, there's a base assumption that $50 million of pro rata purchase prices in that amount, if that's the case. Obviously, the remainder would be in this year. But whether it falls into this year or sneaks into next year and would warrant some different total acquisition volume next year is something that we're going to continue to telegraph to you all as we do close the other development properties. Timing is never perfect, but I think you've got what you need from an earnings perspective to model out next year. Whether something is in December or January, we'll let you know when we know.
William C. Trimble -- President, Chief Executive Officer and Director
I mean, maybe just to say it again, which is these assets are going to close but for an earnings -- from an earnings driving perspective, the accretion of the assets is what's consistent with our guidance. So, there -- as these development projects we're uncertain what will be done this year, next year 2023, it has a marginal effect on FFO. However, there will be a CAD effect, and I think that will be the news that we get as these things do close. I hope that's helpful.
Emmanuel Korchman -- Citigroup -- Analyst
It is, Darrell. Thank you. And then, in terms of the management fee, is that contractual to this set of assets or to the JV itself? So, if you were to do another deal with the same partner, would that be at the same fee or would that just -- would that be renegotiated based on what you're buying and structure, et cetera?
William C. Trimble -- President, Chief Executive Officer and Director
I mean, I think, the intent is we did this deal and all parties are happy. So, I think it's a blueprint for where we go in the future.
Emmanuel Korchman -- Citigroup -- Analyst
Great. Thanks all.
Operator
[Operator Instructions] Our next question is from Merrill Ross with Compass Point. Please proceed with your question.
Merrill Ross -- Compass Point -- Analyst
Hi. Good morning. A question on the Kansas City Property Summit Tech Center. From the look in the GSA leases, it seems that the government lease is about 67% or two-thirds of that property. So, I'd be interested in what the shadow rating is on the remaining tenants, if any? And what are the characteristics of those private leases? Do they piggyback on the GSA lease essentially? Or I assume there are companies that have some synergies with the...
William C. Trimble -- President, Chief Executive Officer and Director
Good morning, Merrill. Thank you for asking. Those are mostly local hospitals healthcare organizations, they are not necessarily pigging back with the GSA, but I think they're wonderful tenants and -- or the expiries [Phonetic] way on down the line. So, I think the overall building is absolutely terrific. Obviously, an amazing mission for the federal government portion, and we're very pleased with the private tenants in the building. And one of the great things is you get bumps with private tenants. So, we're excited about that. A rare thing for us.
Merrill Ross -- Compass Point -- Analyst
Right. Exactly. Thank you.
William C. Trimble -- President, Chief Executive Officer and Director
Thank you.
Operator
Our next question is with Michael Carroll from RBC Capital Markets. Please proceed with your question.
Michael Carroll -- RBC Capital Markets -- Analyst
Yes. Thanks. I guess, Darrell, you're talking about this, the JV transaction is going to be more accretive to CAD than it is to FFO? I mean, I guess, first, did I hear that correctly? And why is that? Does the GAAP rents -- does that come in later than the cash rents, or how should we think about that?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
No. That's all about young assets with de minimis capex requirements, de minimis capex requirements. So, while you can -- while you can experience less accretion on the FFO line item, it's CAD yield that is accretive to our overall average CAD yield.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. So, it's more related to the capex side of things than it relates to anything else?
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Yes.
Darrell W. Crate -- Chairman of The Board Of Directors
Yes.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. Thanks.
Darrell W. Crate -- Chairman of The Board Of Directors
Thanks.
Operator
It appears that there are no further questions. I would like to now turn the call back over to Darrell Crate for closing remarks.
Darrell W. Crate -- Chairman of The Board Of Directors
Thank you, everyone, for joining the Easterly Government Properties third quarter 2021 conference call. We appreciate your time. And we'll continue to work hard to deliver strong risk-adjusted returns for our shareholders in the year to come. Thanks so much.
Operator
[Operator Closing Remarks]
Duration: 47 minutes
Call participants:
Lindsay Winterhalter -- Vice President, Investor Relations and Operations
Darrell W. Crate -- Chairman of The Board Of Directors
William C. Trimble -- President, Chief Executive Officer and Director
Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer
Emmanuel Korchman -- Citigroup -- Analyst
Michael Carroll -- RBC Capital Markets -- Analyst
John Kim -- BMO Capital Markets -- Analyst
Merrill Ross -- Compass Point -- Analyst
More DEA analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (NYSE: DEA) Q3 2021 Earnings Call Nov 3, 2021, 11:00 a.m. In the third quarter, we renewed the lease at DEA Vista for a 15-year term that retroactively applies to November of 2020 and does not expire until November of 2035. With the successful execution at DEA Vista and two of the more sizable leases within various GSA Buffalo, we now have approximately 243,000 square feet and five leases up for renewal through the end of 2021.
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Operator [Operator Closing Remarks] Duration: 47 minutes Call participants: Lindsay Winterhalter -- Vice President, Investor Relations and Operations Darrell W. Crate -- Chairman of The Board Of Directors William C. Trimble -- President, Chief Executive Officer and Director Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer Emmanuel Korchman -- Citigroup -- Analyst Michael Carroll -- RBC Capital Markets -- Analyst John Kim -- BMO Capital Markets -- Analyst Merrill Ross -- Compass Point -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q3 2021 Earnings Call Nov 3, 2021, 11:00 a.m. In the third quarter, we renewed the lease at DEA Vista for a 15-year term that retroactively applies to November of 2020 and does not expire until November of 2035.
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Operator [Operator Closing Remarks] Duration: 47 minutes Call participants: Lindsay Winterhalter -- Vice President, Investor Relations and Operations Darrell W. Crate -- Chairman of The Board Of Directors William C. Trimble -- President, Chief Executive Officer and Director Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer Emmanuel Korchman -- Citigroup -- Analyst Michael Carroll -- RBC Capital Markets -- Analyst John Kim -- BMO Capital Markets -- Analyst Merrill Ross -- Compass Point -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q3 2021 Earnings Call Nov 3, 2021, 11:00 a.m. In the third quarter, we renewed the lease at DEA Vista for a 15-year term that retroactively applies to November of 2020 and does not expire until November of 2035.
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Operator [Operator Closing Remarks] Duration: 47 minutes Call participants: Lindsay Winterhalter -- Vice President, Investor Relations and Operations Darrell W. Crate -- Chairman of The Board Of Directors William C. Trimble -- President, Chief Executive Officer and Director Meghan Baivier -- Executive Vice President, Chief Financial Officer and Chief Operating Officer Emmanuel Korchman -- Citigroup -- Analyst Michael Carroll -- RBC Capital Markets -- Analyst John Kim -- BMO Capital Markets -- Analyst Merrill Ross -- Compass Point -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q3 2021 Earnings Call Nov 3, 2021, 11:00 a.m. In the third quarter, we renewed the lease at DEA Vista for a 15-year term that retroactively applies to November of 2020 and does not expire until November of 2035.
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3 Least Scary Stocks to Buy Right Now
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https://www.nasdaq.com/articles/3-least-scary-stocks-to-buy-right-now-2021-10-31
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Some might wonder if every day should be Halloween for investors in the current climate. Stock valuations are through the roof. Inflation is rearing its ugly head. Major supply chain issues linger.
Personally, I don't think investors should be frightened. There's always a bogeyman or two that can be found as a reason to stay away from the stock market. Most of the time, the fears are overblown.
However, it's understandable why some could be leery of investing. If you're in that group, here are my picks for the three least scary stocks to buy right now.
Image source: Getty Images.
1. Alphabet
No company is truly invincible. But Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) just might come close.
The company claims nine products with more than 1 billion active monthly users, including Google Search, YouTube, Android, Chrome, and more. These products are embedded into so many people's lives that it's hard to imagine them being displaced.
Alphabet's financial strength is rock-solid. The company made $65.1 billion in revenue and $18.9 billion in profit in the third quarter alone. It generated free cash flow of $65.7 billion over the last 12 months. And Alphabet sat atop a cash stockpile of $142 billion at the end of Q3 -- after buying back $12.6 billion of its stock.
Just as important, though, Alphabet is well-positioned for the future. CEO Sundar Pichai noted in the Q3 conference call that he set out in 2016 to transform Alphabet into "an AI-first company." Today, artificial intelligence permeates everything Alphabet does. The company's AI-focused growth drivers range from Google Cloud to its Chronicle cybersecurity product to Waymo's self-driving car technology.
There are stocks that investors could be justifiably afraid to buy. Alphabet isn't one of them.
2. Easterly Government Properties
Easterly Government Properties (NYSE: DEA) is decidedly more under-the-radar than Alphabet is. However, it's a stock you can buy without any trepidation whatsoever.
The company is a real estate investment trust (REIT) focused mainly on leasing buildings to the U.S. government. Easterly currently owns 87 properties either directly or through a joint venture.
No landlord will find a more reliable tenant than the U.S. government. And Easterly targets "mission-critical" facilities for agencies such as the Federal Bureau of Investigation, General Services Administration, and National Weather Service.
Easterly offers a juicy dividend yield of 5%. As a REIT, the company must distribute at least 90% of its taxable income to shareholders in the form of dividends.
It also has perhaps surprisingly good growth prospects. Because of federal budget constraints, the U.S. government is likely to lease more of its spaces instead of buying properties in the years ahead.
3. Intuitive Surgical
I'll be the first to admit that Intuitive Surgical's (NASDAQ: ISRG) robotic surgical systems look kind of scary. However, the stock is a totally different story.
Intuitive's customers have a built-in financial incentive to use the company's robotic surgical systems for as many procedures as possible. That's great for Intuitive since it makes more from providing replacement instruments and accessories than it does from selling the systems.
Granted, the COVID-19 pandemic caused some disruption as elective procedures were pushed back. However, procedure growth seems to have normalized based on Intuitive's Q3 update. Even with the coronavirus headwinds last year, the company's business continued to perform well.
The main reason why I view Intuitive as a safe pick is its growth potential. Populations are aging across the world. That means higher volumes for the types of procedures ideally suited for robotic assistance. Meanwhile, Intuitive is developing new technology to expand the procedures where its systems can be used.
I think Intuitive Surgical could realistically grow 10X or more over the next couple of decades. This is a stock that I'd be more afraid to pass up than to buy.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Keith Speights owns shares of Alphabet (A shares) and Intuitive Surgical. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Intuitive Surgical. The Motley Fool recommends Easterly Government Properties and recommends the following options: long January 2022 $193.33 calls on Intuitive Surgical and short January 2022 $200 calls on Intuitive Surgical. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is decidedly more under-the-radar than Alphabet is. That means higher volumes for the types of procedures ideally suited for robotic assistance. The company claims nine products with more than 1 billion active monthly users, including Google Search, YouTube, Android, Chrome, and more.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is decidedly more under-the-radar than Alphabet is. That means higher volumes for the types of procedures ideally suited for robotic assistance. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Intuitive Surgical.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is decidedly more under-the-radar than Alphabet is. That means higher volumes for the types of procedures ideally suited for robotic assistance. Intuitive Surgical I'll be the first to admit that Intuitive Surgical's (NASDAQ: ISRG) robotic surgical systems look kind of scary.
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Easterly Government Properties Easterly Government Properties (NYSE: DEA) is decidedly more under-the-radar than Alphabet is. That means higher volumes for the types of procedures ideally suited for robotic assistance. Alphabet isn't one of them.
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7036910e-89ed-4d59-94d7-23220de0e44b
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723386.0
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2021-10-20 00:00:00 UTC
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Sum Up The Pieces: IJS Could Be Worth $118
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DEA
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https://www.nasdaq.com/articles/sum-up-the-pieces%3A-ijs-could-be-worth-%24118-2021-10-20
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $117.83 per unit.
With IJS trading at a recent price near $103.72 per unit, that means that analysts see 13.61% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJS's underlying holdings with notable upside to their analyst target prices are Steven Madden Ltd. (Symbol: SHOO), Easterly Government Properties Inc (Symbol: DEA), and Columbia Banking System Inc (Symbol: COLB). Although SHOO has traded at a recent price of $43.03/share, the average analyst target is 15.42% higher at $49.67/share. Similarly, DEA has 14.96% upside from the recent share price of $21.53 if the average analyst target price of $24.75/share is reached, and analysts on average are expecting COLB to reach a target price of $40.00/share, which is 14.12% above the recent price of $35.05. Below is a twelve month price history chart comparing the stock performance of SHOO, DEA, and COLB:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares S&P Small-Cap 600 Value ETF IJS $103.72 $117.83 13.61%
Steven Madden Ltd. SHOO $43.03 $49.67 15.42%
Easterly Government Properties Inc DEA $21.53 $24.75 14.96%
Columbia Banking System Inc COLB $35.05 $40.00 14.12%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares S&P Small-Cap 600 Value ETF IJS $103.72 $117.83 13.61% Steven Madden Ltd. SHOO $43.03 $49.67 15.42% Easterly Government Properties Inc DEA $21.53 $24.75 14.96% Columbia Banking System Inc COLB $35.05 $40.00 14.12% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJS's underlying holdings with notable upside to their analyst target prices are Steven Madden Ltd. (Symbol: SHOO), Easterly Government Properties Inc (Symbol: DEA), and Columbia Banking System Inc (Symbol: COLB). Similarly, DEA has 14.96% upside from the recent share price of $21.53 if the average analyst target price of $24.75/share is reached, and analysts on average are expecting COLB to reach a target price of $40.00/share, which is 14.12% above the recent price of $35.05.
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Three of IJS's underlying holdings with notable upside to their analyst target prices are Steven Madden Ltd. (Symbol: SHOO), Easterly Government Properties Inc (Symbol: DEA), and Columbia Banking System Inc (Symbol: COLB). Similarly, DEA has 14.96% upside from the recent share price of $21.53 if the average analyst target price of $24.75/share is reached, and analysts on average are expecting COLB to reach a target price of $40.00/share, which is 14.12% above the recent price of $35.05. iShares S&P Small-Cap 600 Value ETF IJS $103.72 $117.83 13.61% Steven Madden Ltd. SHOO $43.03 $49.67 15.42% Easterly Government Properties Inc DEA $21.53 $24.75 14.96% Columbia Banking System Inc COLB $35.05 $40.00 14.12% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DEA has 14.96% upside from the recent share price of $21.53 if the average analyst target price of $24.75/share is reached, and analysts on average are expecting COLB to reach a target price of $40.00/share, which is 14.12% above the recent price of $35.05. Three of IJS's underlying holdings with notable upside to their analyst target prices are Steven Madden Ltd. (Symbol: SHOO), Easterly Government Properties Inc (Symbol: DEA), and Columbia Banking System Inc (Symbol: COLB). Below is a twelve month price history chart comparing the stock performance of SHOO, DEA, and COLB: Below is a summary table of the current analyst target prices discussed above:
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iShares S&P Small-Cap 600 Value ETF IJS $103.72 $117.83 13.61% Steven Madden Ltd. SHOO $43.03 $49.67 15.42% Easterly Government Properties Inc DEA $21.53 $24.75 14.96% Columbia Banking System Inc COLB $35.05 $40.00 14.12% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJS's underlying holdings with notable upside to their analyst target prices are Steven Madden Ltd. (Symbol: SHOO), Easterly Government Properties Inc (Symbol: DEA), and Columbia Banking System Inc (Symbol: COLB). Similarly, DEA has 14.96% upside from the recent share price of $21.53 if the average analyst target price of $24.75/share is reached, and analysts on average are expecting COLB to reach a target price of $40.00/share, which is 14.12% above the recent price of $35.05.
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57af5fa4-1bdb-45aa-8383-982d023e38d2
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723387.0
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2021-10-15 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DEA
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DEA
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-dea-2021-10-15
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nan
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nan
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.57, changing hands as high as $21.85 per share. Easterly Government Properties Inc shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of DEA shares, versus its 200 day moving average:
Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.81.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.57, changing hands as high as $21.85 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.57, changing hands as high as $21.85 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.57, changing hands as high as $21.85 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.81. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.57, changing hands as high as $21.85 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $23.645 as the 52 week high point — that compares with a last trade of $21.81. Easterly Government Properties Inc shares are currently trading up about 1.6% on the day.
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453c8591-ece0-4f22-bb9a-82b2f24578ec
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723388.0
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2021-09-05 00:00:00 UTC
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3 Dividend Stocks to Buy If You're Worried About the Stock Market
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DEA
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https://www.nasdaq.com/articles/3-dividend-stocks-to-buy-if-youre-worried-about-the-stock-market-2021-09-05
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nan
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nan
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It's easy for investors to identify reasons to be fearful. Stock market valuations are frothy. Interest rates are likely to rise. The delta variant is causing COVID-19 cases to increase. We could add plenty of other items to the list.
There's an old saying that "stocks climb a wall of worry." In other words, stocks can continue to perform quite well even during periods when investors are anxious and uncertain. Knowing this often happens doesn't make it easier to invest, though.
However, there are some stocks that should be less scary even for jittery investors. Here are three dividend stocks to buy if you're worried about the stock market.
Image source: Getty Images.
Duke Energy
Utility stocks offer a significant amount of stability. Although they might fall during an overall stock market pullback, they tend to hold up better than most stocks. Duke Energy (NYSE: DUK) ranks as one of the best utility stocks to consider.
Duke Energy provides electricity to 7.9 million customers in six states. It also provides natural gas to 1.6 million customers in five states.
There isn't much risk that the demand for electricity will evaporate. Duke is also transitioning away from fossil fuels to renewable energy sources. It hopes to reduce its carbon emissions by at least 50% by 2030 and achieve net-zero carbon emissions by 2050.
Duke won't deliver jaw-dropping growth. However, the company projects that its earnings per share will rise between 5% and 7% annually through 2025.
Duke's dividend is also rock solid. It currently yields 3.7%. The company has increased its dividend for 15 consecutive years.
Easterly Government Properties
It's hard to come up with a steadier dividend stock than a utility like Duke Energy. However, Easterly Government Properties (NYSE: DEA) could give Duke a run for its money.
Easterly is a real estate investment trust (REIT) that focuses on buying and leasing properties to federal government agencies. The company currently owns 83 properties, all but two of which are leased to U.S. government agencies. Easterly's leases are backed by the full faith and credit of the U.S. government.
You might be pleasantly surprised at Easterly's growth prospects. CEO William Trimble said in the company's Q2 conference call that the acquisition pipeline combined with lease renewals for its existing properties "set the stage for delivering strong risk-adjusted returns to our shareholders."
Easterly's dividend is especially juicy with a yield of 4.9%. And as a REIT, the company must return at least 90% of its taxable income to shareholders as dividends.
Viatris
It's probably an exaggeration to say that Viatris (NASDAQ: VTRS) stock is so cheap right now it can't go any lower. However, it's not much of an exaggeration. Shares of the generic-drug maker trade at less than four times expected earnings. Viatris is priced well below its book value.
It's no wonder that Wall Street analysts love this stock. The consensus price target for Viatris reflects a premium of over 30%. One analyst thinks that shares could more than double over the next 12 months.
Viatris probably won't be a growth engine anytime soon. However, its pipeline could provide new biosimilars that could fuel a boost in revenue within the next few years.
The company initiated its first dividend earlier this year with a yield of around 3%. Look for dividend increases from Viatris in the future.
10 stocks we like better than Viatris Inc.
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Viatris Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Keith Speights owns shares of Viatris Inc. The Motley Fool recommends Duke Energy, Easterly Government Properties, and Viatris Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Easterly Government Properties (NYSE: DEA) could give Duke a run for its money. Easterly Government Properties It's hard to come up with a steadier dividend stock than a utility like Duke Energy. Easterly is a real estate investment trust (REIT) that focuses on buying and leasing properties to federal government agencies.
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However, Easterly Government Properties (NYSE: DEA) could give Duke a run for its money. Duke Energy Utility stocks offer a significant amount of stability. Duke won't deliver jaw-dropping growth.
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However, Easterly Government Properties (NYSE: DEA) could give Duke a run for its money. Here are three dividend stocks to buy if you're worried about the stock market. Easterly Government Properties It's hard to come up with a steadier dividend stock than a utility like Duke Energy.
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However, Easterly Government Properties (NYSE: DEA) could give Duke a run for its money. Here are three dividend stocks to buy if you're worried about the stock market. 10 stocks we like better than Viatris Inc.
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2a148efa-8a3b-4d90-95a3-87b3c96f154b
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723389.0
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2021-08-26 00:00:00 UTC
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Easterly Government Properties (DEA) Passes Through 5% Yield Mark
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-passes-through-5-yield-mark-2021-08-26
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.08 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
Free Report: Top 7%+ Dividends (paid monthly)
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.08 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.08 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.08 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.06), with the stock changing hands as low as $21.08 on the day. Easterly Government Properties Inc (Symbol: DEA) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Easterly Government Properties Inc, looking at the history chart for DEA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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4aeb0fcd-c2c9-48c5-bfa4-a4144f760e39
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723390.0
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2021-08-26 00:00:00 UTC
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Shareholders in Easterly Government Properties (NYSE:DEA) are in the red if they invested a year ago
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DEA
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https://www.nasdaq.com/articles/shareholders-in-easterly-government-properties-nyse%3Adea-are-in-the-red-if-they-invested-a
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nan
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nan
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The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. Investors in Easterly Government Properties, Inc. (NYSE:DEA) have tasted that bitter downside in the last year, as the share price dropped 12%. That falls noticeably short of the market return of around 32%. On the bright side, the stock is actually up 5.1% in the last three years.
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
During the unfortunate twelve months during which the Easterly Government Properties share price fell, it actually saw its earnings per share (EPS) improve by 174%. Of course, the situation might betray previous over-optimism about growth.
The divergence between the EPS and the share price is quite notable, during the year. So it's easy to justify a look at some other metrics.
Easterly Government Properties' dividend seems healthy to us, so we doubt that the yield is a concern for the market. From what we can see, revenue is pretty flat, so that doesn't really explain the share price drop. Unless, of course, the market was expecting a revenue uptick.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
NYSE:DEA Earnings and Revenue Growth August 26th 2021
It is of course excellent to see how Easterly Government Properties has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Easterly Government Properties' financial health with this free report on its balance sheet.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Easterly Government Properties, it has a TSR of -7.3% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
While the broader market gained around 32% in the last year, Easterly Government Properties shareholders lost 7.3% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 7%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Easterly Government Properties (including 1 which is significant) .
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Easterly Government Properties, Inc. (NYSE:DEA) have tasted that bitter downside in the last year, as the share price dropped 12%. NYSE:DEA Earnings and Revenue Growth August 26th 2021 It is of course excellent to see how Easterly Government Properties has grown profits over the years, but the future is more important for shareholders. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
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Investors in Easterly Government Properties, Inc. (NYSE:DEA) have tasted that bitter downside in the last year, as the share price dropped 12%. NYSE:DEA Earnings and Revenue Growth August 26th 2021 It is of course excellent to see how Easterly Government Properties has grown profits over the years, but the future is more important for shareholders. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off.
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Investors in Easterly Government Properties, Inc. (NYSE:DEA) have tasted that bitter downside in the last year, as the share price dropped 12%. NYSE:DEA Earnings and Revenue Growth August 26th 2021 It is of course excellent to see how Easterly Government Properties has grown profits over the years, but the future is more important for shareholders. During the unfortunate twelve months during which the Easterly Government Properties share price fell, it actually saw its earnings per share (EPS) improve by 174%.
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Investors in Easterly Government Properties, Inc. (NYSE:DEA) have tasted that bitter downside in the last year, as the share price dropped 12%. NYSE:DEA Earnings and Revenue Growth August 26th 2021 It is of course excellent to see how Easterly Government Properties has grown profits over the years, but the future is more important for shareholders. During the unfortunate twelve months during which the Easterly Government Properties share price fell, it actually saw its earnings per share (EPS) improve by 174%.
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3ce3a4d1-c8a5-48e2-9b52-795069170583
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723391.0
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2021-08-12 00:00:00 UTC
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The Current State of Real Estate With Matt Argersinger
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DEA
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https://www.nasdaq.com/articles/the-current-state-of-real-estate-with-matt-argersinger-2021-08-12
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nan
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nan
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On this episode of Industry Focus: Financials, host Jason Moser sits down with Millionacres Lead Advisor Matt Argersinger. Tune in as they discuss how investors should view the real estate market today, the future of commercial real estate, some of Matt's favorite stocks in the space, and much more!
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Walmart
When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
Stock Advisor returns as of 6/15/21
This video was recorded on July 26, 2021.
Jason Moser: It's Monday, July 26th. I'm your host, Jason Moser. On today's financial show, we're diving into the world of real estate. To do that, we're going to none other than our lead advisor of Millionacres, Mr. Matt Argersinger. Matty, it's been a while. How's everything going?
Matt Argersinger: Nice, J. Mo. Things are good.
Moser: Good to hear. Well, Matt, let's just jump right in this because real estate has been a hot button topic here over the last year. 2020 really seems to create a unique environment for real estate investors, and that has really, I think, bled into 2021. It seems like this is something that's going to be around for awhile. I noticed on your Twitter feed several weeks back, you tweeted out a link to an article where Blackstone President, Jon Gray was talking more about the opportunities he sees in real estate now. Mr. Gray, he's got a reputation, he's quite a good real estate investor.
Argersinger: Certainly he is.
Moser: You had some interesting takeaways from this article that spoke to the state of real estate today. What were some of those takeaways?
Argersinger: Sure. I think everyone today when they think about real estate, they immediately think about the housing market and how it just seems starting, like you said, 2020 and really going into 2021. We're just in this really unprecedented, historically hot market for home buying. It's really just a pick-up market. It seems the house prices are way up, they're not lasting on the market very long. In fact, I saw a statistic the other day that 50% of the houses that were listed this year in the U.S. have sold in less than a week.
Moser: I believe that.
Argersinger: That's across the country, so imagine that. The inventory levels are extremely low in every market, demand is huge, and of course, you and I as investors, but a lot of people, I'm sure are thinking about back to 2005, '06, what is this looking like? Is this looking like another housing bubble?
Moser: It feels like it rhymes.
Argersinger: It does. If you looked at home prices, I think the latest data in May, they were up 23% year-over-year for existing home prices. That's a huge year-over-year gain. But it's different, I think that one of the points Jon Gray was making in that article, he's a smart guy is, sure it feels a little bit like 2005-2007, but it's not actually a bubble yet at least. It could certainly blow into one. But if you think about today versus back then, the demand is real out there. People that are desperate to get into homes, they are at the right age, the millennial generation, even the Gen-X generation is in those peak homebuying years, and they're desperate to become homeowners and stop being renters. The demand is real, but what you have today is a real, almost supply shock, because we spent the last decade or so under building homes to the tune of several hundred thousand homes a year. You could almost make the argument that there should be five million, if not more, homes in existence today than there otherwise would be. But there wasn't because we underbuilt homes for so many years and so there's just a real lack of supply. Of course now, recently at least, we were talking about construction costs being high, so it's expensive to build homes, it's expensive to renovate homes, people are staying in place because of that, and so that just exacerbates the supply problem. I look at today and I see a real demand and supply issue rather than a bubble that we saw, gosh, 15 years ago now. But one of the other differences too is that if you look at the credit standards, I don't know if you've refinanced a home lately?
Moser: We did, yeah, we did recently. I tell you, we had to jump through a lot of hoops for two people with full-time jobs we've held for a while, and really, I would say, excellent credit. I was surprised at how much work we had to do just to get a home.
Argersinger: Yeah, it was a lot hard. Same thing, my wife and I went through refinancing last fall and it was pretty hard for us. It took months, I feel like I signed over 1,000 documents in my life to get this home refinanced. Same thing, I felt like we have pretty good credit. You can just imagine how tight the lending standards are out there and then homeowner balance sheets are in good shape too. There's a lot of spending in power, a lot of savings, and so it doesn't feel to me, at least like the bubble of 2005, '06 or '07, that lead into, of course, the Great Recession, that crisis that we had 15 years ago. It feels a lot less like that than it did back then.
Moser: Let me ask you, you said earlier that the demand is real, the way I hear that, the way that that translates to me is that's different than what perhaps we saw years ago. Really, it was very speculative. You're thinking that what's going on right now, this is people who are looking for homes to live in as maybe not as much on the speculation side. Is that right?
Argersinger: Yeah, exactly. I think if you go back to the old housing bubble, you had a lot. You had speculators, you had home flippers, you had people with very low credit buying multiple houses. There was just a lot more speculation going on. You don't see that as much today. You do see a lot of cash buying and you do see a lot of institutional buying of rentals. That's in the headlines as well. But no, to me, this is real demand. The data that I'm seeing is you have people who are moving to cities, moving to places, especially places like Texas and Florida, other top destinations, they want to live in a home, and because of the pandemic also, people are also flocking to single-family homes versus your traditional condos or apartments. So that also is creating a huge demand that is not, of course, being met by the supply.
Moser: You noted Texas and Florida, very understandable, and that's certainly something we've seen throughout the headlines there. Another thing we saw throughout the headlines that certainly was a major theme, I would say in 2020. But I'm not so sure. I feel like it was maybe a little bit knee-jerk. But what is the state of the major real estate markets? The major markets like New York City, San Francisco, places like that, that have historically held up, have had valuations that are absurd to some, maybe. But is that exodus really materializing? Because it doesn't feel like it is.
Argersinger: No, I think that's been way over-exaggerated as well. You read headlines, people are flocking away from San Francisco, leaving New York City, leaving Los Angeles, everyone's moving to Austin, Texas it seems, or Miami, Florida. There is a certain extent to that. There is certainly a net migration going on in a lot of Southern states, Sunbelt states. But places like New York, San Francisco, they're always going to have a lot of demand, especially from younger people, younger workers who want to live in really dynamic markets with all the amenities and all the culture and entertainment and educational opportunities that those cities have. I think that's way overdone. I think there probably might be a little stagnation and maybe home prices or apartment prices in those markets have to come down a little bit, but that's OK. I think there's going to be no problem there in the longer term. I think that's been over-exaggerated. Now, what is interesting is you will look at things like U-Haul data, which puts out some interesting reports about where people are moving, and there is no doubt that the southern states, Texas, Southwest, Arizona, there's definitely a magnet for people to move there. Part of it is there are attractive job opportunities, taxes are lower, home prices are lower, so it's cheaper to live there, definitely reasons why people are moving there and will probably continue to move there, but don't sell places like New York, San Francisco, Boston, or Washington, DC, even where you and I live, they don't sell them short because these are still pretty big destinations as well.
Moser: I think up here in Northern Virginia, I can tell you real estate has held its own up here. It's done OK.
Argersinger: It sure has.
Moser: What about frequent listeners to the show who know that we talk a lot about REITs, real estate investment trusts? How do you feel about real estate investment trusts today? Is that an opportunity out there for investors today or is that something that's still more uncertainty than it's worth taking a chance on?
Argersinger: No, I thought coming into 2021, I was really enthusiastic about REITs. Coming into 2021, REITs had underperformed for the last five years. That's just unusual. REITs have historically been really great performers, held their own against the stock market with much less risks, I'd say, than your average stock. The fact that it had underperformed so much especially late 2020, you looked at some of the valuations in the REIT market and either on the retail side or hospitality side, but office as well, it's just there were a lot of "bargains" I saw in the REIT space. I think I've been treated this coming into the year that I thought REITs or the real estate sector of the stock market was going to be a top performer, and it certainly has been, at least through the first half of the year. If you look at the Vanguard Real Estate ETF, VNQ. Last I checked it was up 25%, I think year-to-date, which is outperforming the rest of the market. I still think there's plenty of opportunities in REITs. I think they are well overdue to have some nice outperformance. You get great dividend yields, you got a situation where in 2020, a lot of REITs either paused their dividend, cut their dividend, they're bringing those back, and rent collections are coming back on the office side and on the apartment side. There's concerns about higher vacancies or people not paying rent because of eviction moratoriums, those things are being phased out. A lot of the income that was lost by REITs in 2020 is coming back in 2021 with a vengeance. Especially if you look at the industrial data center side, they never fell off in 2020 and they're just doing better in 2021. Across the board, I think with REITs, you can find a lot of opportunities even today going forward.
Moser: Let's talk a little bit about the dilemma with office real estate because this has been a conversation that's been going on now for the better part of 14, 16 months as the nature of the workforce continues to evolve. For all of the certainty, I would say, we see in residential, it feels like commercial is just the polar opposite. How did you feel this work-from-home trend, it feels like most companies are going back to work and they're incorporating the hybrid models, which is, you've got an office you can work out, when you need to work at home, you can work at home, but they're trying to go with that hybrid model, which has been so successful for so long. It does afford some freedom there. But how big do you think that trend is going to be and how does that play out on the commercial market?
Argersinger: Yeah, I think you're exactly right, Jason, that is probably the model. I think the hybrid model where employers are more flexible, employees embrace more flexible scheduling. You have an office destination where maybe you'd go a few days a week, but you can also do some work at home or in other destinations. That I think is going to be the predominant model. Now, there's concern there. Let's assume that's the model and what does that mean for office demand? Because there's millions and millions of square feet of office that's empty right now. These are leased by companies with the intention of well their employees, they eventually going to come back to these offices. Well, not so much, certainly, probably not on a 100% basis. What does that mean for the demand for office space? I have some serious concerns. I don't think it's completely one-sided where the work from home trend just takes over and most corporations are letting 90% of their office workers do whatever they want, work full-time from home or just to come in for one day a week. I think it's definitely not that, but it's also not where you have people like Jamie Dimon from JPMorgan saying I want everyone back, that's playing out the model too.
Moser: Right.
Argersinger: It's definitely somewhere in between, just like you laid out. My question is I'm still trying to figure it out, and I hope they are smarter people than me that can have an answer, I'd love to know. But what is the ultimate fact? Because I think you can look at the office REITs or office real estate opportunities and you can see some really great opportunities. You're talking class A property in places like New York City or San Francisco, the two cities we talked about or other places, and you're saying to yourself, "Wow, that's some really incredible, unique, one-of-a-kind real estate, but wait, are employees going to come back to that? Or are there different things that can be done with that office real estate? Can it be converted into apartments," which is also happening. There are so many questions about that, and it makes you want to be interested in office, but also just want to stand back and say, I need to let this marinate, so to speak, for the next six to nine months and really get us past this pandemic. Hopefully this Delta variant is not as severe as the overall pandemic was last year. But once we get past all that, what's left? That's a big question. I think the office is one of those ones where you just stand back and see what happens.
Moser: Yeah, I think that makes sense. Traditionally, of course, real estate, it's been seen, I think by most people, as an investment available for the few. There's plenty of barriers to entry. You needed all sources of capital to really be able to participate in investing in real estate. As time has gone on that has really changed, we see more and more vehicles come to market that open up the windows of opportunity for investors to jump in on real estate investments, whether that's crowdsourcing, whatever it may be. But we're also seeing clearly in the public markets, there are all sorts of opportunities. Listen, at the end of the day, we're stock investors. I know you're working in Millionacres and Mogul and [...], but I know in your heart, Matty, I know you're a stock guy, we work together long enough.
Argersinger: You know my soul. You know it, you've seen it.
Moser: I do. I wonder, what are some of the opportunities in thestock market todaythat you see for investors? Because some look at home builders or home supply companies. You're looking at something like a Home Depot and think that's going to be a way to participate. But there are all sorts of different options for investors interested in real estate space today to take place in the public markets. What stocks have you got your eye on these days?
Argersinger: Sure. Let's stick with REITs because I do think there's some great opportunities and it's where I spent a lot of my time these days. I think there are three in particular that stand out to me as they've had really great 2021s, but I see plenty of opportunity ahead for each of these. The first one is Invitation Homes (NYSE: INVH), the ticker is INVH. I'm sure it's something that Matt Frankel, your partner in crime has talked about before. There is a ground swell of demand for single-family rentals on the retail side, on the institutional side. The market is so fragmented still, there's something like 17 million single-family rentals in the United States and most are managed by idiot landlords like me, my wife and I. We have a few rental properties and you've had rental properties in the past.
Moser: Yeah.
Argersinger: That is really 99% of the market, but the institutionalization of it has just started getting on. Invitation Homes is the first publicly traded "SFR" REIT that's really gained scale in the market and I just feel like they have so much upside. Operationally, they're so efficient. What's exciting to me is if you look at their business over the years, each new property that they added to their portfolio is incrementally more profitable to the company, and I love when companies can scale like that. I look at Invitation Homes, they've got 80,000 single-family rentals in the portfolio that could easily go to two or 300,000, 500,000. What that's going to do is it's going to 5X or 6X their net operating income over the coming years I think. That's my first opportunity in the residential space would be Invitation Homes.
My next one is EastGroup Properties (NYSE: EGP), the ticker's EGP, that one might be less familiar to your listeners. But industrial is a fantastic place to be investing. I'm sure you guys have talked about a purchase, the rise of e-commerce, especially since the pandemic, and the need for warehouse space, more fulfillment space, especially in places like the Sunbelt, where EastGroup tends to concentrate. 60% of their income, I think, is derived from Texas and Florida, where huge population increases, people are moving there. They're going to be doing shopping more online. Especially the people supposedly fleeing from San Francisco and New York, they're going to go down there, order things online, order fresh food and take out and things like that. Then you need a supply chain and the logistics and the warehouses and the cold storage to do that, and that's EastGroup Properties right there.
The last one is probably one definitely a lot of listeners have not heard, but if you want to play office, here would be one of my ways to do it. It's called Easterly Government Properties (NYSE: DEA). The ticker, it's a really appropriate ticker, it's DEA, and the reason is 99% of the properties are federally leased properties, so the DEA is one of their big tenants, FBI, FDA, the Veterans Affairs, basically your alphabet soup of government agencies. Their focus is on federal government buildings. Obviously, uncle Sam doesn't really default on his lease, he's always going to pay his rent.
Moser: I can vouch.
Argersinger: You've got a steady tenant base, of course, AAA. What I love is Easterly focuses on what they call mission-critical agencies, so they're not just going after any government agency who needs office space or building, they are really focused on DHS, FBI, where these agencies need real estate. They can't work from home. They have to have places to go to do things like forensics, labs or investigative work and the treatment like at a VA hospital. It's all essential mission-critical work, and so that's where Easterly Government Properties focuses. Their dividend yields almost 5%. This is probably the sleepiest REIT I know, it's definitely not going to multi-bagger, but it's one of those ones where you can probably earn a nice high-single digit return and sleep well at night and it's a nice way to play office, if you want to do that.
Moser: I love it. I've not heard of that one. Certainly living up in this area, you and I know the presence of the federal government and you said it is mission-critical, so much of that stuff, those aren't folks that are working from home, that's not an option and that's going to be very reliable. Yes, there's that a little bit of a trade-off there. It's almost as reliable as the sun coming up. You're not going to get the same return, but you're going to be able to sleep at night, and then it sounds like it could hold a nice spot in a well-diversified portfolio. Matt Frankel, you work with Matt all the time. How come Matt is not bringing that to the show?
Argersinger: Frankel is a genius, but he misses some good ones here.
Moser: Well, speaking of working with Matt, and in speaking of everything you've been doing there with Millionacres, it wasn't that long ago when you and I were actually talking about the build-out of Millionacres. I think we did a show on it when you got things going, it was your building out real estate business here at The Motley Fool from the ground up. I knew when you started, they had the right guy for the job because I know your enthusiasm for the real estate space and to see what you built up with the services, really just been fun to watch because you have so much to offer now. It's not just Millionacres, you've got Mogul, you've got Real Estate Winners, all stuff. Remind us, remind our listeners, let's talk just a little bit about the services that you have going on with Millionacres today, what you guys are doing there in anything in particular that really has your attention?
Argersinger: Sure, thanks for those kind of words. Yeah, it's definitely been a labor of love over the last roughly two and a half, three years now. We have millionacres.com, which is a free site. It's very much like fool.com. You can go there if you're interested in reading investing articles on real estate or home renovation articles, it really covers the gamut of real estate. It's all free, and there's even a great e-book that we have there that you can get. I think it's 50 pages. It introduces you to real estate investing, it's a great resource. We have millionacres.com, but then yeah, we've got now three premium services that members can subscribe to if they'd like. It's Mogul, which is the one we first started with. That recommends publicly traded real estate stocks and securities, but it also recommends private commercial crowdfunded deals, and so if you're an accredited investor and you're interested in investing in private real estate directly, we got you covered in Mogul. We've got real estate winners, which is on the opposite spectrum. I'd like to call it the stock advisor of real estate, but I worked directly with Matt Frankel, your partner on that one, and we come out with at least one new recommendation per month in the public markets, either REIT or real estate stock. It's off to a great start, it's coming up on its one year anniversary in September. Just recently we launched Real Estate Trailblazers. I don't work directly on it, but it's another service that we have under the Millionacres umbrella where it's really about the merits of technology and real estate. Some of the big trends that we're seeing, whether it's e-commerce like we talked about, or Sunbelt migration, just some of the big, big trends in real estate. What are the companies that are driving those big trends and leading them, that's what you'll find in Real Estate Trailblazers. We'd like to say we got people covered when it comes to real estate investing, but I'm sure there's always more ideas and more things to do, and real estate is a massive asset class. I'm excited that we were able to bring it into The Motley Fool a few years ago and I hope it really continues to grow.
Moser: Well, it sounds like it's been a very positive response thus far and I certainly understand it. If you've owned real estate, if you own a home, you see the doors that that opens up for you, and there has just been so much wealth created in the real estate market here over the past several years. It's something we definitely need to get out there on our investors radars more and more and you guys are doing a wonderful job at that there. Thank you for doing that and thank you for taking the time this week to join us and give us the low down here on real estate because this is an opportunity that we don't get to talk a whole heck of a lot about, but we do like covering it on the show and really to dig in with you. Today was a lot of fun, so thanks.
Argersinger: Thanks, Jason. It is a great pleasure and I am always happy to be on.
Moser: Well, you can always learn more about what we're doing here in regard to real estate by just going to a millionacres.com that can just launch you to all of those different services Matty was talking about there following Matty on Twitter @margersinger. He's always got great real estate tweets going on out there. You'll learn a lot from him, and remember, you can always reach out to us on Twitter @MFindustryfocus, or you can drop us an email at industryfocus@fool.com. As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. Thanks as always to Tim Sparks for putting the show together for us, from Matthew Argersinger, I'm Jason Moser. Thanks for listening, and we'll see you next week.
JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Jason Moser has no position in any of the stocks mentioned. Matthew Argersinger owns shares of EastGroup Properties, Easterly Government Properties, and Invitation Homes Inc. The Motley Fool owns shares of and recommends EastGroup Properties and Invitation Homes Inc. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's called Easterly Government Properties (NYSE: DEA). The ticker, it's a really appropriate ticker, it's DEA, and the reason is 99% of the properties are federally leased properties, so the DEA is one of their big tenants, FBI, FDA, the Veterans Affairs, basically your alphabet soup of government agencies. That recommends publicly traded real estate stocks and securities, but it also recommends private commercial crowdfunded deals, and so if you're an accredited investor and you're interested in investing in private real estate directly, we got you covered in Mogul.
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It's called Easterly Government Properties (NYSE: DEA). The ticker, it's a really appropriate ticker, it's DEA, and the reason is 99% of the properties are federally leased properties, so the DEA is one of their big tenants, FBI, FDA, the Veterans Affairs, basically your alphabet soup of government agencies. That recommends publicly traded real estate stocks and securities, but it also recommends private commercial crowdfunded deals, and so if you're an accredited investor and you're interested in investing in private real estate directly, we got you covered in Mogul.
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It's called Easterly Government Properties (NYSE: DEA). The ticker, it's a really appropriate ticker, it's DEA, and the reason is 99% of the properties are federally leased properties, so the DEA is one of their big tenants, FBI, FDA, the Veterans Affairs, basically your alphabet soup of government agencies. That recommends publicly traded real estate stocks and securities, but it also recommends private commercial crowdfunded deals, and so if you're an accredited investor and you're interested in investing in private real estate directly, we got you covered in Mogul.
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It's called Easterly Government Properties (NYSE: DEA). The ticker, it's a really appropriate ticker, it's DEA, and the reason is 99% of the properties are federally leased properties, so the DEA is one of their big tenants, FBI, FDA, the Veterans Affairs, basically your alphabet soup of government agencies. That recommends publicly traded real estate stocks and securities, but it also recommends private commercial crowdfunded deals, and so if you're an accredited investor and you're interested in investing in private real estate directly, we got you covered in Mogul.
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dff09657-6ca5-4e1d-aec9-7c5ead041be2
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723392.0
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2021-08-12 00:00:00 UTC
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Easterly Government Properties (DEA) Shares Cross Below 200 DMA
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-dea-shares-cross-below-200-dma-2021-08-12
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nan
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed below their 200 day moving average of $21.69, changing hands as low as $21.57 per share. Easterly Government Properties Inc shares are currently trading down about 3% on the day. The chart below shows the one year performance of DEA shares, versus its 200 day moving average:
Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.02 as the 52 week high point — that compares with a last trade of $21.64.
Free Report: Top 7%+ Dividends (paid monthly)
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed below their 200 day moving average of $21.69, changing hands as low as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.02 as the 52 week high point — that compares with a last trade of $21.64. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed below their 200 day moving average of $21.69, changing hands as low as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.02 as the 52 week high point — that compares with a last trade of $21.64. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed below their 200 day moving average of $21.69, changing hands as low as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.02 as the 52 week high point — that compares with a last trade of $21.64. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed below their 200 day moving average of $21.69, changing hands as low as $21.57 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.02 as the 52 week high point — that compares with a last trade of $21.64. Easterly Government Properties Inc shares are currently trading down about 3% on the day.
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a1ff8aed-d1a3-44cf-ba65-a8a39a782888
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723393.0
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2021-08-10 00:00:00 UTC
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Easterly Government Properties, Inc. (DEA) Ex-Dividend Date Scheduled for August 11, 2021
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc.-dea-ex-dividend-date-scheduled-for-august-11-2021-2021
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Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on August 11, 2021. A cash dividend payment of $0.265 per share is scheduled to be paid on August 24, 2021. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 1.92% increase over prior dividend payment. At the current stock price of $22.59, the dividend yield is 4.69%.
The previous trading day's last sale of DEA was $22.59, representing a -12.41% decrease from the 52 week high of $25.79 and a 15.02% increase over the 52 week low of $19.64.
DEA is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) (AMT) and Prologis, Inc. (PLD). DEA's current earnings per share, an indicator of a company's profitability, is $.26. Zacks Investment Research reports DEA's forecasted earnings growth in 2021 as 3.7%, compared to an industry average of 3.4%.
For more information on the declaration, record and payment dates, visit the DEA Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DEA through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEA as a top-10 holding:
Invesco S&P SmallCap Low Volatility ETF (DEA)
SPDR SSGA US Small Cap Low Volatility Index ETF (DEA).
The top-performing ETF of this group is XSLV with an increase of 1.06% over the last 100 days. It also has the highest percent weighting of DEA at 1.19%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DEA is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) (AMT) and Prologis, Inc. (PLD). Zacks Investment Research reports DEA's forecasted earnings growth in 2021 as 3.7%, compared to an industry average of 3.4%. For more information on the declaration, record and payment dates, visit the DEA Dividend History page.
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DEA's current earnings per share, an indicator of a company's profitability, is $.26. The following ETF(s) have DEA as a top-10 holding: Invesco S&P SmallCap Low Volatility ETF (DEA) SPDR SSGA US Small Cap Low Volatility Index ETF (DEA). Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on August 11, 2021.
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Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEA was $22.59, representing a -12.41% decrease from the 52 week high of $25.79 and a 15.02% increase over the 52 week low of $19.64. The following ETF(s) have DEA as a top-10 holding: Invesco S&P SmallCap Low Volatility ETF (DEA) SPDR SSGA US Small Cap Low Volatility Index ETF (DEA).
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DEA's current earnings per share, an indicator of a company's profitability, is $.26. Easterly Government Properties, Inc. (DEA) will begin trading ex-dividend on August 11, 2021. Shareholders who purchased DEA prior to the ex-dividend date are eligible for the cash dividend payment.
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626589fd-5cfc-4ac6-80ff-5e87991c0ba1
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723394.0
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2021-08-09 00:00:00 UTC
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Ex-Dividend Reminder: Entergy, Easterly Government Properties and MGIC Investment
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DEA
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-entergy-easterly-government-properties-and-mgic-investment-2021-08
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Looking at the universe of stocks we cover at Dividend Channel, on 8/11/21, Entergy Corp (Symbol: ETR), Easterly Government Properties Inc (Symbol: DEA), and MGIC Investment Corp. (Symbol: MTG) will all trade ex-dividend for their respective upcoming dividends. Entergy Corp will pay its quarterly dividend of $0.95 on 9/1/21, Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 8/24/21, and MGIC Investment Corp. will pay its quarterly dividend of $0.08 on 8/26/21. As a percentage of ETR's recent stock price of $106.36, this dividend works out to approximately 0.89%, so look for shares of Entergy Corp to trade 0.89% lower — all else being equal — when ETR shares open for trading on 8/11/21. Similarly, investors should look for DEA to open 1.17% lower in price and for MTG to open 0.56% lower, all else being equal.
Below are dividend history charts for ETR, DEA, and MTG, showing historical dividends prior to the most recent ones declared.
Entergy Corp (Symbol: ETR):
Easterly Government Properties Inc (Symbol: DEA):
MGIC Investment Corp. (Symbol: MTG):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.57% for Entergy Corp, 4.70% for Easterly Government Properties Inc, and 2.23% for MGIC Investment Corp. .
In Monday trading, Entergy Corp shares are currently up about 0.3%, Easterly Government Properties Inc shares are off about 0.4%, and MGIC Investment Corp. shares are down about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/11/21, Entergy Corp (Symbol: ETR), Easterly Government Properties Inc (Symbol: DEA), and MGIC Investment Corp. (Symbol: MTG) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.17% lower in price and for MTG to open 0.56% lower, all else being equal. Below are dividend history charts for ETR, DEA, and MTG, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/11/21, Entergy Corp (Symbol: ETR), Easterly Government Properties Inc (Symbol: DEA), and MGIC Investment Corp. (Symbol: MTG) will all trade ex-dividend for their respective upcoming dividends. Entergy Corp (Symbol: ETR): Easterly Government Properties Inc (Symbol: DEA): MGIC Investment Corp. (Symbol: MTG): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.17% lower in price and for MTG to open 0.56% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/11/21, Entergy Corp (Symbol: ETR), Easterly Government Properties Inc (Symbol: DEA), and MGIC Investment Corp. (Symbol: MTG) will all trade ex-dividend for their respective upcoming dividends. Entergy Corp (Symbol: ETR): Easterly Government Properties Inc (Symbol: DEA): MGIC Investment Corp. (Symbol: MTG): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for DEA to open 1.17% lower in price and for MTG to open 0.56% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 8/11/21, Entergy Corp (Symbol: ETR), Easterly Government Properties Inc (Symbol: DEA), and MGIC Investment Corp. (Symbol: MTG) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for DEA to open 1.17% lower in price and for MTG to open 0.56% lower, all else being equal. Below are dividend history charts for ETR, DEA, and MTG, showing historical dividends prior to the most recent ones declared.
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2021-08-03 00:00:00 UTC
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Easterly Government Properties Inc (DEA) Q2 2021 Earnings Call Transcript
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DEA
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https://www.nasdaq.com/articles/easterly-government-properties-inc-dea-q2-2021-earnings-call-transcript-2021-08-03
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Image source: The Motley Fool.
Easterly Government Properties Inc (NYSE: DEA)
Q2 2021 Earnings Call
Aug 3, 2021, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings and welcome to Easterly Government Properties' Second Quarter 2021 Earnings Conference Call. [Operator Instructions].
It is now -- I would now like to turn the conference over to your host; Lindsay Winterhalter, Vice President Investor Relations.
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Lindsay Winterhalter -- Vice President-Investor Relations And Operations
Good morning. Before the call begins, please note the use of forward-looking statements by the Company on this conference call. Statements made on this call may include statements which are not historical facts and are considered forward-looking. The Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Act Reform of 1995 and is making this statement for the purpose of complying with those safe harbor provisions. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, it can give no assurance that these plans intentions expectations or strategies will be attained or achieved.
Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond the Company's control including without limitation those contained in Item 1A Risk Factors of its Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 24, 2021 and in its other SEC filings and risks and uncertainties related to the adverse impact of COVID-19 on the US regional and global economies and the potential adverse impact on the financial condition and results of operation of the Company.
The Company assumes no obligation to update publicly any forward-looking statements whether as a result of new information future events or otherwise. Additionally on this conference call, the Company may refer to certain non-GAAP financial measures such as; funds from operations, funds from operations as adjusted and cash available for distribution. You can find a tabular reconciliation of these non-GAAP financial measures to the most comparable current GAAP numbers in the Company's earnings release and separate supplemental information package on the Investor Relations' page of the Company's website at ir.easterlyreit.com.
I would now like to turn the conference call over to Darrell Crate, Chairman of Easterly Government Properties.
Darrell W. Crate -- Chairman Of The Board Of Directors
Thank you, Lindsay. Good morning everyone and thank you for joining us for the Second Quarter Conference Call. Today in addition to Lindsay, I'm also joined by; Bill Trimble, the Company's CEO; and Meghan Baivier, the Company's CFO and COO. It was a very strong quarter for Easterly Government Properties. We see the country opening up and as expected we have been identifying some pent-up opportunity for our business.
We have emerged from COVID stronger than we entered as measured by FFO growth, portfolio scale, age diversification and lease duration, as well as an actionable pipeline of acquisition opportunities that materially exceeds pre-pandemic levels. This all leads us to believe that it will be a very strong end to the year.
Today we have 84 properties across 39 important tenant agencies. We have a diverse portfolio of mission-critical facilities leased to the United States Federal Government. The quality of our portfolio in this space is excellent. The average age of our buildings is 13.4 years and the average duration of our leases is 8.6 years. This translates into over $2.2 billion of cash embedded in our leases that is backed by the full faith and credit of the United States government.
Given the young age of our buildings and the enduring mission of our agencies conservatively assuming one modest 15-year role of each lease up 10% to 15%. This drives that total to over $6 billion. Again $6 billion backed by the full faith and credit of the United States government. As you saw this last quarter, we increased our dividend.
We anticipate that this is the beginning of a new chapter for Easterly Government Properties. Our business has matured. We are entering a period where distributable cash flow can outpace FFO growth. Today our stock trades with a dividend yield of roughly 5%. This represents a spread of over 370 basis points above the treasury that's matched to our weighted average lease term. We've anticipated growth in our cash flow. We believe we will either see this yield grow meaningfully or our stock price will increase. We're excited for the second half of the year, given how we're positioned in the market the opportunities we see and the cash-generating capacity of this portfolio.
With that I'll turn it over to Bill to give you his view of our second quarter results and the prospects for the future.
William C. Trimble -- Chief Executive Officer, President And Director
Thanks Darrell and good morning. Thank you for joining us for our second quarterearnings call The acquisitions team continues to add mission-critical bullseye properties with the second quarter acquisition of the National Weather Service central region headquarters, a 94000 square foot facility located in Kansas City, Missouri. This build-to-suit facility is 100% leased on behalf of the National Weather Service for a 15-year term with a five year fixed renewal rate option which if exercised does not expire until December of 2038.
This highly specialized facility serves as the central region headquarters for the National Weather Service, one of six regional offices, strategically located throughout the country. The facility features a radar tower, secure satellite field and houses some of the most advanced technology in weather forecasting and advanced computer equipment, including doppler radar and the automated service observation system.
The acquisition of NWS-Kansas City serves as the perfect example of the type of asset, we'd like to introduce into our expanding portfolio. Here the mission of the tenant agency cannot be performed without the real estate to support it. This is the definition of a Bullseye property. In the second quarter, we disposed of SSA-Mission Viejo. This is an example of a building whose agency, the Social Security Administration, houses government employees that can one day accomplish their goals and objectives outside of this facility. Given its relatively small size and our belief regarding its long-term mission, we thought it best to use SSA-Mission Viejo as a source of funds for future Bullseye acquisitions.
Finally, subsequent to quarter end, Easterly acquired a roughly 61,000 square foot Class A facility, located in Cleveland, Ohio. It is leased to several key agencies within the US government. This security Level three facility was substantially renovated in 2016 and again in 2021 for the Department of Homeland Security and largely fulfills important missions such as investigating, criminal organizations and terrorist networks.
A portion of the property also serves as Cleveland's National Weather Service forecast office. With a potential weighted average lease expiration of June 2034, the US Government has invested significant tenant improvements in the facility. Specialized features include a security -- secured entry and parking, a sally port, a backup generator and an uninterrupted power supply battery system to name a few.
To summarize, year-to-date, Easterly has acquired six properties for a combined total of $134 million. Given the pace of our acquisitions and our clarity of pipeline, we increased our 2021 FFO guidance per share on a fully diluted basis in conjunction with increasing our acquisition volume target by 50% for the year, from $200 million to $300 million.
As of today, we have executed on 45% of the company's enhanced acquisition guidance of $300 million for the year. In short, the team is emphatic and we feel confident in our ability to meet or possibly significantly exceed even this $300 million in acquisition volume. On a related note, the acquisitions team continues to see an extremely robust acquisition pipeline, particularly in the VA market.
With the incredibly important mission of providing superior medical care to our servicemen and women, new state-of-the-art outpatient facilities similar to the ones already in our portfolio, are actively being designed, constructed and delivered. The features in these facilities and their fulfillment of long-term missions, coupled with predominantly 20-year lease terms, makes VA outpatient facilities compelling opportunities for our growing portfolio.
Turning to development. We continue to make progress with the GSA and the FDA at the 162,000 square foot FDA laboratory in Atlanta, Georgia, which we expect to deliver in the third quarter of 2023. Given the highly technical mission-critical nature of these sophisticated laboratories, we appreciate the opportunity to work so harmoniously with our federal partners to ensure we deliver a state-of-the-art facility.
In addition to FDA Atlanta, our team led by Mike Ibe and Mark Bauer are currently pursuing other opportunities that fit our non-speculative development pipeline. Turning to leasing updates. Our asset management team continues to show its prowess in partnering with the US Government to execute on important Bullseye lease renewals and secure the tenancy for future decades. In the second quarter, we renewed the lease at DEA-Upper Marlboro for a 15 year firm term that will go into effect in March 2022 and will not expire until 2037.
This combined with the successful renewals at ICE-Pittsburgh Treasury Parkersburg DEA-Sterling and DEA-Bakersfield from the first quarter. Easterly has now renewed five assets totaling over 320,000 square feet or 4.1% of annualized lease income for a weighted average lease term of 17.6 years in the first half of 2021. In closing, we believe Easterly has chartered a course for outsized growth opportunities. The acquisition pipeline coupled with the organic growth from the renewal of Bullseye assets all work together to set the stage for delivering strong risk-adjusted returns to our shareholders.
With that, I thank you for your time this morning, and I'll turn the call over to Meghan, to discuss the quarterly financial results and capital markets executions.
Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer
Thank you, Bill. Good morning everyone. It gives me great pleasure to post another strong quarter here at Easterly. As of June 30, we owned 83 operating properties totaling approximately 7.6 million square feet of commercial real estate with one additional development project in design, comprised of approximately 162,000 square feet. Through the acquisition of newer facilities, the weighted average age of our portfolio remains young at 13.6 years. Successful long-term renewals at existing properties have also allowed us to maintain our weighted average remaining lease term at its historic high of 8.6 years.
When compared to this time last year, we have lengthened the remaining lease term, which in turn provides clarity of future cash flows while also acquiring newer assets to keep the average age of the portfolio relatively young. This combination allows us to prudently manage the company's balance sheet and support our highly accretive acquisition and development project pipeline. Turning to our quarterly results. For the second quarter, net income per share on a fully diluted basis was $0.10, FFO per share on a fully diluted basis was $0.33, FFO as adjusted per share on a fully diluted basis was $0.31 and our cash available for distribution was $23.2 million. The balance sheet at quarter end reflects the company's total indebtedness of approximately $1 billion with $313 million available on our line of credit for future acquisitions and development related expenses.
As of June 30th, Easterly's net debt to total enterprise value was 33.9% and its adjusted net debt to annualized quarterly pro forma EBITDA ratio remained at 6.2 times. As previously mentioned with this low leverage level, numerous sources of available debt capital, access to equity sold on a forward basis and an attractive cost of equity we are well-poised to lean into future growth opportunities. Since our last call we have executed on two notable debt capital markets events. First in the second quarter, the company entered into a note purchase agreement to issue up to $250 million principal amount of fixed rate senior unsecured notes. The notes will be issued in two tranches with a weighted average maturity of 8.5 years and a weighted average interest rate of 2.82%.
The first tranche is $50 million of seven year notes with a coupon of 2.62% and the second is $150 million of nine year notes with a coupon of 2.89%. The company has the option to increase the second $150 million tranche of the notes up to a principal amount of $200 million. The notes are expected to be issued on October 14, 2021 subject to customary closing conditions. With significant investor subscription this third entry into the debt private placement market was well-received by the investor community and helps fortify strong relationships with our existing and new lenders. Subsequent to the quarter end, the company upsized its senior unsecured credit facility.
The amended and restated credit facility consists of a $450 million revolving senior unsecured credit facility and a $200 million senior unsecured term loan facility up to a $50 million of which will be available on a delayed draw basis for up to 364 days post closing. The revolver includes an accordion feature that allows the company to request additional lender commitments of up to $250 million for a total amended credit facility capacity of up to $900 million. The revolver will initially mature four years from the closing date in July 2025 with the option to extend the maturity to July 2026. The term loan will mature five years from the closing date in July 2026. The term loan is pre-payable without penalty for the entire term of the loan.
Borrowings under the revolver will bear interest at a rate of LIBOR plus a spread of 120 to 180 basis points depending on the company's leverage ratio. The term loan will bear interest at a rate of LIBOR plus a spread of 120 to 170 basis points depending on the company's leverage ratio. Given the company's current leverage ratio, the initial spread to LIBOR is set at 125 basis points for the revolver and 120 basis points for the term loan.
Of note, the amended credit facility also features a sustainability-linked pricing component, whereby, the pricing can improve by one basis point if Easterly meets certain sustainability performance targets as determined by an independent third-party evaluation. It is our pleasure to strive to earn this discounted spread as we continue our commitment to corporate sustainability. As of June 30 2021, pro forma for the closing of the private placement and issuance of the notes and the execution of the company's amended credit facility, whereby, outstanding balances on the company's existing revolving line of credit are repaid, the company's weighted average debt maturity was meaningfully extended from 5.8 to 7.4 years and its weighted average interest rate was 3.55%.
Turning to our quarterly ATM activities in the second quarter of 2021, the company did not issue any shares of common stock through the company's ATM program. As of this call, the company has approximately four million shares, which are subject to unsettled forward sales transactions under the company's ATM program. Assuming these shares are physically settled in full at a net weighted average initial forward sales price of $23.65 per share, the company expects to receive net proceeds of approximately $94.6 million. Further, with the newly implemented $300 million ATM program, the company remains well prepared to utilize the equity markets through our preferred method of just-in-time equity funding.
Turning to our earnings guidance. During the quarter ended June 30th, the company increased its guidance for 2021 FFO per share on a fully diluted basis to a range of $1.30 to $1.32. Reflective in part of our increased actionable acquisition pipeline, the midpoint of this guidance is predicated upon completing $300 million in acquisitions and up to $25 million in gross development related investment in 2021.
At its midpoint, Easterly would be on track to continue its track record of steady FFO growth year-over-year when coupled with our increased dividend of $0.265 per share, which generates a run rate dividend yield of 5%. Based on our quarter-end stock price we are proud to be in a position to continue to deliver attractive total returns to our shareholders through underlying US Government cash flows.
Finally as Bill previously mentioned, we made progress in working through our pipeline of upcoming lease expirations. With the successful execution at DEA, Upper Marlboro we now have approximately 515,000 square feet and nine leases, up for renewal through the end of 2021. We continue to make meaningful progress with the GSA and are in active discussions regarding all properties at this time.
We feel good about the long-term mission and tendency of these upcoming expirations. And we'll continue to keep you apprised of future renewals in the coming quarters. In conclusion, on every operational and financial front, it has been a strong first half of 2021 for Easterly. As always, we thank you for your commitment to our thesis and continued partnership. We look forward to seeing each of you, in person, in the back half of this year.
With that, I will turn the call back to Joe.
Questions and Answers:
Operator
Thank you. We will now be conducting a question-and-answer session. [Operator Instructions] Our first question is from Manny Korchman with Citigroup. Please proceed.
Unidentified Participant
Hey. Good morning everyone. This is [Indecipherable] actually on for Manny. Thanks for taking the time. Just in terms of the acquisition market, I was wondering if you guys could touch on, if you're seeing any additional competition or impact on pricing, just for some of those assets that you're looking at acquiring here over the next 12 months or, so?
William C. Trimble -- Chief Executive Officer, President And Director
Hi. Good morning. Hi. It's Bill. I think that, the story is first of all that we're seeing more opportunities, than we've ever seen before in the acquisition pipeline. I think from a standpoint of the pricing, if you look where we came out on our most recent four acquisitions we're right, where we would think they'd be sort of in the low-6s on average. But I will say that, I think from a competition standpoint, we're not seeing any new players in the market. We do have some strong competitors in the private equity space. I think we have a better cost of capital. So when we want to buy something, we seem to still be able to accretively get what we need to do.
I will say though, that as we're looking toward more and more brand new buildings and you've seen some of those in the past those cap rates are going to be a little further below the $6 billion cap range, just because I think people understand what 20-year leases on brand new mission-critical properties are worth, but from that standpoint no new competition.
Unidentified Participant
Got it. Thank you. And then, just in terms of the SSA facility sale this quarter I understand that it's strategic sale and you guys gave some comments in your opening remarks. But should we just anticipate other sales like this one over the next 12 months as you look to sort of in a way recycle capital. And try to reposition some of your sort of portfolio altogether?
William C. Trimble -- Chief Executive Officer, President And Director
Yeah. I think the real answer there is, we are so pleased with our portfolio of 83 buildings that there are very few that are not young conducting mission for very important government agencies right in the middle of the bull's-eye. We do have a few properties and this would be one of them that were a portfolio acquisition that we just felt the time was right to move it along. So I would never really think of our dispositions as an important part of our overall strategy. Let's talk about that in 10 years.
But right now I think we own the best buildings we possibly can own. And so we will move things along, when we think, either they don't fit in or maybe a source of fund for something better. But I don't think you're going to see a steady drumbeat of sales within this very young portfolio.
Unidentified Participant
Okay. Thanks Bill. I appreciate it.
William C. Trimble -- Chief Executive Officer, President And Director
Yeah.
Operator
Thank you. [Operator Instructions] The next question is from Michael Carroll with RBC Capital Markets. Please proceed.
Michael Carroll -- RBC Capital Markets -- Analyst
Yeah. Thanks. Bill, can you highlight the type of agencies DAC's the most opportunities to expand with today, and if there are any new agencies like the National Weather Service you'd like to add to the portfolio that's currently not in the portfolio?
William C. Trimble -- Chief Executive Officer, President And Director
Yeah. Good morning, Michael. Yeah. I mean, I think the ones that you're going to see the most of, and I've mentioned with all the opportunities that are out there today, the only real major building program with brand new facilities going on within the federal government are in the FDA laboratories and we're building them. And the other is in the VA space. And I think, you are going to see more of these brand new outpatient clinics available in the coming years.
And so I imagine, we get our fair share of those wonderful opportunities in that space. Other than that, I think with new agencies that it's always going to be ones that we care about the most that are not political footballs, not the poster child for either the Democrat or the Republican party. So I think you can expect anything in law enforcement will always be popular with us. Mission-critical facilities within agencies like these National Weather Services. I mean I just-it's an amazing facility that we picked up in Kansas City.
Basically, if you've been in an airplane, you've been getting your-well any kind of aircraft you've been getting your weather from this particular facility and it might be one of the most important facilities in the country. So you can expect to see no matter what the agency, if you've got to build it with a hierarchy omission like this, we're going to go ahead and take advantage of it. But the usual, I think you'll see a lot of law enforcement FBI, DEA the usual suspects going forward.
Michael Carroll -- RBC Capital Markets -- Analyst
And then what is the growth opportunity with the National Weather Service? I mean, how many buildings are out there that kind of fits your bullseye target and are you able to out there and acquire some of those?
William C. Trimble -- Chief Executive Officer, President And Director
I think you saw it. That would be the Kansas City facility. There are six and the rest are just not of the scale and that this one is a new facility handling all of air traffic weather for the United States. The others are smaller facilities. So, probably not as much of interest to us.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. Great. And then Meghan related to the sustainability-linked facility, can you briefly talk about what targets DEA needs to achieve to reduce those spreads and what's the company doing today to hit those targets?
Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer
Sure. So out of the box, we are linking to our ISS environmental quality score and we are able to achieve that one basis points with-one basis point rather with a 10% improvement in that score and we think that's a great incentive and are working throughout the portfolio on numerous energy efficiency projects to be able to obtain that.
Michael Carroll -- RBC Capital Markets -- Analyst
Okay. Great. Thank you.
Operator
Thank you. Ladies and gentlemen, there are no more questions. So I would like to turn the call back over to Darrell Crate for closing remarks.
Darrell W. Crate -- Chairman Of The Board Of Directors
Great. Thank you everyone for joining the Easterly Government Properties' second quarter 2021 conference call. We appreciate your time, and we'll continue to work hard to deliver strong risk-adjusted returns for our shareholders for years to come.
Operator
[Operator Closing Remarks]
Duration: 26 minutes
Call participants:
Lindsay Winterhalter -- Vice President-Investor Relations And Operations
Darrell W. Crate -- Chairman Of The Board Of Directors
William C. Trimble -- Chief Executive Officer, President And Director
Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer
Unidentified Participant
Michael Carroll -- RBC Capital Markets -- Analyst
More DEA analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Easterly Government Properties Inc (NYSE: DEA) Q2 2021 Earnings Call Aug 3, 2021, 10:00 a.m. In the second quarter, we renewed the lease at DEA-Upper Marlboro for a 15 year firm term that will go into effect in March 2022 and will not expire until 2037. This combined with the successful renewals at ICE-Pittsburgh Treasury Parkersburg DEA-Sterling and DEA-Bakersfield from the first quarter.
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Operator [Operator Closing Remarks] Duration: 26 minutes Call participants: Lindsay Winterhalter -- Vice President-Investor Relations And Operations Darrell W. Crate -- Chairman Of The Board Of Directors William C. Trimble -- Chief Executive Officer, President And Director Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer Unidentified Participant Michael Carroll -- RBC Capital Markets -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q2 2021 Earnings Call Aug 3, 2021, 10:00 a.m. In the second quarter, we renewed the lease at DEA-Upper Marlboro for a 15 year firm term that will go into effect in March 2022 and will not expire until 2037.
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Operator [Operator Closing Remarks] Duration: 26 minutes Call participants: Lindsay Winterhalter -- Vice President-Investor Relations And Operations Darrell W. Crate -- Chairman Of The Board Of Directors William C. Trimble -- Chief Executive Officer, President And Director Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer Unidentified Participant Michael Carroll -- RBC Capital Markets -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q2 2021 Earnings Call Aug 3, 2021, 10:00 a.m. In the second quarter, we renewed the lease at DEA-Upper Marlboro for a 15 year firm term that will go into effect in March 2022 and will not expire until 2037.
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Operator [Operator Closing Remarks] Duration: 26 minutes Call participants: Lindsay Winterhalter -- Vice President-Investor Relations And Operations Darrell W. Crate -- Chairman Of The Board Of Directors William C. Trimble -- Chief Executive Officer, President And Director Meghan Baivier -- Executive Vice President-Chief Financial And Operating Officer Unidentified Participant Michael Carroll -- RBC Capital Markets -- Analyst More DEA analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Easterly Government Properties Inc (NYSE: DEA) Q2 2021 Earnings Call Aug 3, 2021, 10:00 a.m. In the second quarter, we renewed the lease at DEA-Upper Marlboro for a 15 year firm term that will go into effect in March 2022 and will not expire until 2037.
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2021-07-25 00:00:00 UTC
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3 Dividend Stocks to Buy Hand Over Fist If the Market Crashes
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DEA
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https://www.nasdaq.com/articles/3-dividend-stocks-to-buy-hand-over-fist-if-the-market-crashes-2021-07-25
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I am absolutely convinced that the stock market is going to crash. However, I don't have the remotest idea when it will happen. It could be in 2021 or it could be several years from now.
There's also something else that I'm convinced about: Buying certain dividend stocks when the market crashes is a smart idea. You can lock in fantastic yields when you invest in the right dividend stocks that are trading at low prices.
What are the best stocks to scoop up during a major market meltdown? The list includes quite a few great picks. Here are three dividend stocks that I especially think are ones to buy hand over fist if the market crashes.
Image source: Getty Images.
AbbVie
AbbVie (NYSE: ABBV) already offers a juicy dividend yield of more than 4.5%. And you can count on the company's dividend continuing to flow and grow. AbbVie is only one dividend hike away from joining the group of stocks known as Dividend Kings -- S&P 500 members with at least 50 consecutive years of dividend increases.
What would happen with AbbVie during a stock market crash? Shares of the big drugmaker would likely fall as they did during the coronavirus-fueled sell-off last year. That would push its dividend yield even higher. However, AbbVie stock would probably be among the first to rebound because of the strength of its underlying business.
To be sure, AbbVie faces some uncertainties. The company's top-selling drug, Humira, faces biosimilar competition in the U.S. beginning in 2023 with sales almost certain to fall. The U.S. Food and Drug Administration (FDA) has held up approval decisions for JAK inhibitor Rinvoq in three indications because of safety concerns raised by Pfizer's post-approval clinical study of Xeljanz, which is also a JAK inhibitor.
But Rinvoq has already received FDA approval in treating rheumatoid arthritis. AbbVie remains confident that it will pick up additional approvals. The company also projects a quick return to overall sales growth after a temporary dip in 2023 due to an anticipated sales decline for Humira. I don't think AbbVie's dividend will be in any jeopardy -- and in the event of a market crash, it would be especially attractive.
Easterly Government Properties
There are a handful of dividend stocks that I'd buy right now without even a moment's hesitation. Easterly Government Properties (NYSE: DEA) ranks high on that list.
It's not just because of Easterly's dividend yield of 4.8% (although it's hard not to really like that yield). What I especially find compelling about this stock is its underlying business model that makes that dividend one of the safest you'll find on the market.
Easterly's name pretty much tells the story. The company owns and leases out government properties. As of March 31, 2021, Easterly's portfolio included 82 properties, of which 80 were leased to U.S. government agencies. Since then, the company has acquired a building in Kansas City, Missouri, that's leased to the National Weather Service.
I can't think of a more secure tenant than the U.S. government. If the day ever comes where Uncle Sam can't make its lease payments, we'll have a lot more to worry about than just a stock market crash.
Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) was one great dividend stock that I personally bought during the stock market plunge last year. By doing so, I locked in a dividend yield of nearly 12%.
The midstream energy stock has soared since the big sell-off of 2020. As a result, its dividend yield has also fallen quite a bit but still stands at a mouth-watering 7.6%.
But could Enterprise Products Partners be in trouble over the long run as the use of fossil fuels drops? Maybe. I'm not too worried, though. The company arguably has a killer advantage with its heavy focus on lower-emission natural gas, natural gas liquids, and lower sulfur crude oil.
Also, Enterprise Products Partners is looking at opportunities to expand into carbon capture, hydrogen, recycling, and renewable fuels. These won't come anywhere close to supplanting the company's core business. However, Enterprise is committed to an "all-of-the-above" approach that I suspect will pay off for investors for a long time to come.
10 stocks we like better than Enterprise Products Partners
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Enterprise Products Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Keith Speights owns shares of AbbVie, Enterprise Products Partners, and Pfizer. The Motley Fool recommends Easterly Government Properties and Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, I don't have the remotest idea when it will happen. There's also something else that I'm convinced about: Buying certain dividend stocks when the market crashes is a smart idea. Easterly Government Properties (NYSE: DEA) ranks high on that list.
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However, I don't have the remotest idea when it will happen. There's also something else that I'm convinced about: Buying certain dividend stocks when the market crashes is a smart idea. Easterly Government Properties (NYSE: DEA) ranks high on that list.
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However, I don't have the remotest idea when it will happen. There's also something else that I'm convinced about: Buying certain dividend stocks when the market crashes is a smart idea. Easterly Government Properties (NYSE: DEA) ranks high on that list.
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However, I don't have the remotest idea when it will happen. There's also something else that I'm convinced about: Buying certain dividend stocks when the market crashes is a smart idea. Easterly Government Properties (NYSE: DEA) ranks high on that list.
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a6ee2563-8ea4-454c-997d-f1c1fcecabed
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723397.0
|
2021-07-12 00:00:00 UTC
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DEA Makes Bullish Cross Above Critical Moving Average
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DEA
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https://www.nasdaq.com/articles/dea-makes-bullish-cross-above-critical-moving-average-2021-07-12
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nan
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nan
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.72, changing hands as high as $21.82 per share. Easterly Government Properties Inc shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of DEA shares, versus its 200 day moving average:
Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.79 as the 52 week high point — that compares with a last trade of $21.69.
Free Report: Top 7%+ Dividends (paid monthly)
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.72, changing hands as high as $21.82 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.79 as the 52 week high point — that compares with a last trade of $21.69. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.72, changing hands as high as $21.82 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.79 as the 52 week high point — that compares with a last trade of $21.69. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.72, changing hands as high as $21.82 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.79 as the 52 week high point — that compares with a last trade of $21.69. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Easterly Government Properties Inc (Symbol: DEA) crossed above their 200 day moving average of $21.72, changing hands as high as $21.82 per share. The chart below shows the one year performance of DEA shares, versus its 200 day moving average: Looking at the chart above, DEA's low point in its 52 week range is $19.64 per share, with $25.79 as the 52 week high point — that compares with a last trade of $21.69. Easterly Government Properties Inc shares are currently trading up about 1.2% on the day.
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08a284cc-8463-455e-98a8-5b1666aa87aa
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723398.0
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2021-07-02 00:00:00 UTC
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Got $400? 3 Fantastic Dividend Stocks to Buy Right Now
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DEA
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https://www.nasdaq.com/articles/got-%24400-3-fantastic-dividend-stocks-to-buy-right-now-2021-07-02
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nan
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nan
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"Money is no object." You've likely heard the expression. The reality, though, is that money usually is an object -- namely because it's in relatively scarce quantity for most people.
Many investors don't have tens of thousands of dollars to invest each month. And many are jittery about putting the hard-earned money they do have into speculative stocks that could flame out.
If you're in these groups, you've come to the right place. You can invest in the stocks of well-run companies that pay solid dividends without having a fortune to start out with. If you've got $400, here are three fantastic dividend stocks to buy right now.
Image source: Getty Images.
Innovative Industrial Properties
Innovative Industrial Properties (NYSE: IIPR) ranks as the most expensive of the three dividend stocks on the list, with its share price a little over $190. But I think you'll like what your money buys for you with IIP.
The company is organized as a real estate investment trust (REIT). That means it must return at least 90% of taxable income to shareholders in the form of dividends. IIP's dividend payout has quadrupled over the last three years. Its dividend yield stands at 2.9%.
While IIP's dividend is great, that's not why I think this is a stock to buy hand over fist right now. You see, IIP is a unique kind of REIT in that it focuses on the sizzling-hot medical cannabis industry.
IIP's share price has more than quintupled over the last three years. I expect its great momentum will continue as the company buys more properties and leases them to cannabis operators. IIP currently only owns 72 properties in 18 states. My view is that it's only the tip of the iceberg for this fast-growing REIT.
AbbVie
Calvin Coolidge was the U.S. president when AbbVie (NYSE: ABBV) first began paying dividends in 1924. The big drugmaker has paid a dividend every quarter since then (as part of Abbott and as a stand-alone entity since 2013). It's only one dividend hike away from joining the elite group known as Dividend Kings -- S&P 500 members that have increased their dividends for at least 50 consecutive years.
You can currently buy one share of AbbVie for less than $115. For that amount, you'll get one of the juiciest dividends around. AbbVie's dividend yield stands at 4.6%. You'll also pick up a big pharma stock with pretty good growth prospects.
It's important to know that AbbVie's top-selling drug, Humira, faces biosimilar competition in the U.S. beginning in 2023. The company expects declining sales for the drug will weigh on it heavily in the first year that Humira loses exclusivity. However, AbbVie's dividend shouldn't be jeopardized at all.
Even better, the company expects to quickly return to growth. AbbVie's product lineup includes several other drugs with solid momentum, including blood cancer drugs Imbruvica and Venclexta, as well as the heirs apparent to Humira -- Rinvoq and Skyrizi.
Easterly Government Properties
Innovative Industrial Properties offers tremendous growth with its dividend. AbbVie provides an impressive track record. If you're looking for rock-solid safety, though, you're probably going to really like Easterly Government Properties (NYSE: DEA). And with Easterly's share price of around $21, you'll be able to scoop up several shares with your remaining cash after buying IIP and AbbVie.
Unsurprisingly, Easterly Government Properties owns and leases out... government properties. Like IIP, it's organized as a REIT. Easterly's main tenant is none other than Uncle Sam. As of March 31, 2021, the company owned 82 properties with all but two of them leased to U.S. federal government agencies.
Easterly's dividend currently yields 4.8%. The company also has solid growth prospects. The REIT even recently raised its full-year earnings guidance because of its increased opportunities to acquire new properties.
CEO William Trimble characterized the company's strength in nautical terms with Easterly's Q1 update, stating: "The longevity and stability of future cash flows backed by the full faith and credit of the U.S. Government serves as a strong anchor to windward while still achieving meaningful results for our shareholders." He's likely right that Easterly's strong relationship with the federal government should translate to smooth sailing over the long term.
10 stocks we like better than Easterly Government Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Easterly Government Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Keith Speights owns shares of AbbVie and Innovative Industrial Properties. The Motley Fool owns shares of and recommends Innovative Industrial Properties. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you're looking for rock-solid safety, though, you're probably going to really like Easterly Government Properties (NYSE: DEA). The company expects declining sales for the drug will weigh on it heavily in the first year that Humira loses exclusivity. The REIT even recently raised its full-year earnings guidance because of its increased opportunities to acquire new properties.
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If you're looking for rock-solid safety, though, you're probably going to really like Easterly Government Properties (NYSE: DEA). Innovative Industrial Properties Innovative Industrial Properties (NYSE: IIPR) ranks as the most expensive of the three dividend stocks on the list, with its share price a little over $190. The Motley Fool owns shares of and recommends Innovative Industrial Properties.
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If you're looking for rock-solid safety, though, you're probably going to really like Easterly Government Properties (NYSE: DEA). Innovative Industrial Properties Innovative Industrial Properties (NYSE: IIPR) ranks as the most expensive of the three dividend stocks on the list, with its share price a little over $190. Easterly Government Properties Innovative Industrial Properties offers tremendous growth with its dividend.
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If you're looking for rock-solid safety, though, you're probably going to really like Easterly Government Properties (NYSE: DEA). But I think you'll like what your money buys for you with IIP. You can currently buy one share of AbbVie for less than $115.
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ba0503bf-60da-48da-b626-925f242ee980
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723399.0
|
2021-06-25 00:00:00 UTC
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My Highest-Conviction Dividend Stocks With More Than 3% Yields Right Now
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DEA
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https://www.nasdaq.com/articles/my-highest-conviction-dividend-stocks-with-more-than-3-yields-right-now-2021-06-25
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nan
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nan
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Income investors want stocks that pay attractive dividends. More importantly, though, they want stocks that they can count on. After all, they're usually depending on those dividends to help pay the bills.
To be sure, even the most rock-solid dividend stock has some level of risk. And oftentimes, the higher the stock's dividend yield the more risky the stock is. However, there are some stocks with relatively high yields that I think you can count on to deliver positive long-term returns. Here are my three highest-conviction dividend stocks with a yield of at least 3%.
Image source: Getty Images.
Brookfield Renewable
You might wonder why I'd include Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) on my list. After all, the renewable energy stock lags well behind the major market indexes so far this year and is even in negative territory. I'm confident about Brookfield Renewable's future and its dividend, though.
I have no doubt whatsoever that demand for renewable energy will increase in the coming years. There are far too many governments and major corporations seeking to reduce their carbon emissions to think otherwise. It also helps a lot that solar and wind are now the most cost-effective sources of bulk power generation.
This rising demand should serve as a major tailwind for Brookfield Renewable. The company certainly anticipates that will be the case. Its development pipeline of 27,000 megawatts is more than twice the size of its current installed capacity of 21,000 megawatts.
Brookfield Renewable's dividend yield currently tops 3%. The company has increased its distribution by a compound annual growth rate of 6% over the last 20 years and targets annual growth of between 5% and 9%. I fully expect this stock to deliver double-digit total returns for investors for years to come -- just as it has over the last couple of decades.
Easterly Government Properties
Unlike the two other high-conviction dividend stocks on this list, I don't own shares of Easterly Government Properties (NYSE: DEA). However, if I were retired or otherwise needing to rely on steady dividend income, this real estate investment trust (REIT) would definitely be in my portfolio.
I can't describe Easterly's business any better than its chairman of the board, Darrell Crate, did on the company's Q1 conference call. He stated:
We're not a complicated story. We keep it simple. We purchase and develop the U.S. government-leased assets and pass along the stable cash flows and superior tenant credit quality to our shareholders, generating strong risk-adjusted returns. And with a highly actionable pipeline, we believe we'll be able to continue to execute on our original thesis for many years to come.
You won't find a lower-risk tenant than the U.S. government. As Crate mentioned, the company also has a solid pipeline of new opportunities for acquiring and leasing properties.
Easterly's dividend yield stands north of 4.8%. I look for the company to keep the yield in that ballpark while also delivering 4% or so annual growth in funds from operations.
Innovative Industrial Properties
I've held my favorite dividend stock of all for last. Innovative Industrial Properties (NYSE: IIPR) is a REIT focused on the medical cannabis industry. Yes, a pot stock (of sorts) is my highest-conviction dividend stock.
IIP's dividend yields a little over 3% right now. It's been a lot higher than that in the past but is lower now because the stock has soared more than 440% over the last three years. (You're probably understanding now why it's my favorite.)
To borrow Darrell Crate's description of Easterly, IIP isn't a complicated story. It buys properties from medical cannabis operators and then leases those properties back to the tenants. And then it does it again. This "rinse-and-repeat" business model has fueled astronomical growth in IIP's revenue and profits.
I think that IIP could realistically double or more over the next five years. The company currently owns 72 properties in 18 states. That represents only a sliver of its potential opportunity. With medical cannabis markets expanding across the U.S., I'm convinced that IIP will keep up its winning ways.
10 stocks we like better than Innovative Industrial Properties
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Innovative Industrial Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Keith Speights owns shares of Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Innovative Industrial Properties. The Motley Fool owns shares of and recommends Innovative Industrial Properties. The Motley Fool recommends Easterly Government Properties. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Easterly Government Properties Unlike the two other high-conviction dividend stocks on this list, I don't own shares of Easterly Government Properties (NYSE: DEA). I fully expect this stock to deliver double-digit total returns for investors for years to come -- just as it has over the last couple of decades. However, if I were retired or otherwise needing to rely on steady dividend income, this real estate investment trust (REIT) would definitely be in my portfolio.
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Easterly Government Properties Unlike the two other high-conviction dividend stocks on this list, I don't own shares of Easterly Government Properties (NYSE: DEA). See the 10 stocks *Stock Advisor returns as of June 7, 2021 Keith Speights owns shares of Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Innovative Industrial Properties. The Motley Fool owns shares of and recommends Innovative Industrial Properties.
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Easterly Government Properties Unlike the two other high-conviction dividend stocks on this list, I don't own shares of Easterly Government Properties (NYSE: DEA). And oftentimes, the higher the stock's dividend yield the more risky the stock is. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Keith Speights owns shares of Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Innovative Industrial Properties.
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Easterly Government Properties Unlike the two other high-conviction dividend stocks on this list, I don't own shares of Easterly Government Properties (NYSE: DEA). And oftentimes, the higher the stock's dividend yield the more risky the stock is. IIP's dividend yields a little over 3% right now.
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4edb4d5b-361f-4dfa-afc5-284b8aea70a5
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