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 guidance of $1.17 to $1.21 for the period, compared to the consensus earnings per share estimate of $1.17. Easterly Government Properties also updated its FY 2024 guidance to 1.150-1.170 EPS.

Analyst Upgrades and Downgrades

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

Easterly Government Properties Trading Up 1.3 %

DEA traded up $0.17 during trading on Wednesday, reaching $13.56. 1,980,360 shares of the stock traded hands, compared to its average volume of 876,598. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.40 billion, a PE ratio of 71.05 and a beta of 0.72. The stock’s 50-day moving average is $13.57 and its 200 day moving average is $12.93. Easterly Government Properties has a 12 month low of $10.62 and a 12 month high of $14.52.

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

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.265 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 7.82%. Easterly Government Properties’s payout ratio is 557.89%.

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.