Easterly Government Properties (NYSE:DEA) Updates FY24 Earnings Guidance

Easterly Government Properties (NYSE:DEA) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.14-1.16 for the period, compared to the consensus estimate of $1.14. Easterly Government Properties also updated its FY 2024 guidance to 1.140-1.160 EPS.

Easterly Government Properties Stock Down 1.3 %

Shares of NYSE:DEA traded down $0.15 during mid-day trading on Wednesday, hitting $11.54. 512,837 shares of the company traded hands, compared to its average volume of 972,877. The firm has a market cap of $1.18 billion, a P/E ratio of 61.32 and a beta of 0.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.65 and a current ratio of 4.65. Easterly Government Properties has a 52-week low of $10.27 and a 52-week high of $15.21. The firm’s 50 day simple moving average is $11.53 and its 200 day simple moving average is $11.98.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be given a $0.265 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 annualized dividend and a dividend yield of 9.19%. Easterly Government Properties’s payout ratio is 557.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Easterly Government Properties from a hold rating to a sell rating in a research note on Wednesday, April 3rd.

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.