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 (EPS) guidance of 1.150-1.170 for the period, compared to the consensus 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.

Easterly Government Properties Stock Up 0.7 %

Shares of NYSE DEA traded up $0.09 during mid-day trading on Wednesday, reaching $13.47. 1,153,766 shares of the company were exchanged, compared to its average volume of 872,754. Easterly Government Properties has a 1 year low of $10.62 and a 1 year high of $14.52. The firm has a 50-day moving average of $13.57 and a 200 day moving average of $12.93. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 71.05 and a beta of 0.72. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02.

Easterly Government Properties (NYSE:DEA) last posted 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 net margin of 6.49% and a return on equity of 1.36%. The firm had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the previous year, the company earned $0.29 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that Easterly Government Properties will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm 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 annualized dividend and a yield of 7.87%. The ex-dividend date is Friday, November 15th. Easterly Government Properties’s dividend payout ratio is presently 557.89%.

Analyst Ratings Changes

A number of analysts recently commented on DEA shares. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Truist Financial boosted their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report 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 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.