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

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

Easterly Government Properties Trading Down 0.3 %

NYSE DEA traded down $0.04 during trading hours on Thursday, hitting $13.53. 1,458,128 shares of the company’s stock were exchanged, compared to its average volume of 879,290. The business’s 50 day moving average is $13.57 and its 200-day moving average is $12.93. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. Easterly Government Properties has a 12-month low of $10.62 and a 12-month high of $14.52. The firm has a market capitalization of $1.39 billion, a P/E ratio of 71.58 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) 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 company 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 earnings per share. Easterly Government Properties’s revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Easterly Government Properties will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 557.92%.

Analyst Upgrades and Downgrades

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

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.