Easterly Government Properties (NYSE:DEA) Issues FY 2024 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.140-1.160 for the period, compared to the consensus EPS estimate of 1.150. The company issued revenue guidance of -. Easterly Government Properties also updated its FY24 guidance to $1.14-1.16 EPS.

Easterly Government Properties Price Performance

NYSE DEA traded up $0.01 during trading on Tuesday, hitting $11.69. 1,453,487 shares of the stock traded hands, compared to its average volume of 974,901. The company has a market capitalization of $1.20 billion, a P/E ratio of 61.69 and a beta of 0.67. The firm has a 50-day simple moving average of $11.53 and a 200-day simple moving average of $11.98. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $15.21.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th. Easterly Government Properties’s dividend payout ratio (DPR) is 557.92%.

Wall Street Analysts Forecast Growth

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

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.