Easterly Government Properties (NYSE:DEA) Updates FY25 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.17 to $1.21 for the period, compared to the consensus estimate of $1.17. Easterly Government Properties also updated its FY 2024 guidance to 1.150-1.170 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DEA. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Finally, Truist Financial lifted their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th.

Easterly Government Properties Price Performance

DEA stock traded down $0.04 during mid-day trading on Friday, reaching $13.49. The company’s stock had a trading volume of 164,264 shares, compared to its average volume of 875,995. The stock has a market cap of $1.39 billion, a PE ratio of 71.19 and a beta of 0.72. The company’s 50 day moving average is $13.58 and its two-hundred day moving average is $12.94. Easterly Government Properties has a fifty-two week low of $10.62 and a fifty-two week high of $14.52. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. During the same period last year, the firm earned $0.29 earnings per share. Easterly Government Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that Easterly Government Properties will post 1.15 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.265 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 7.86%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 557.92%.

About Easterly Government Properties

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