Easterly Government Properties (NYSE:DEA) Releases FY 2024 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.150-1.170 for the period, compared to the consensus earnings per share estimate of 1.150. The company issued revenue guidance of -. Easterly Government Properties also updated its FY 2025 guidance to 1.170-1.210 EPS.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial increased their target price on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Easterly Government Properties Price Performance

Shares of DEA stock opened at $13.53 on Friday. Easterly Government Properties has a 1-year low of $10.62 and a 1-year high of $14.52. The stock’s 50-day moving average is $13.58 and its 200 day moving average is $12.94. The company has a market cap of $1.39 billion, a P/E ratio of 71.19 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.36% and a net margin of 6.49%. The business had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same period in the prior year, the business posted $0.29 EPS. Easterly Government Properties’s revenue was up 3.8% compared to the same quarter last year. Research analysts predict that Easterly Government Properties will post 1.15 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Friday, November 15th. Easterly Government Properties’s payout ratio is presently 557.92%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.