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

Easterly Government Properties (NYSE:DEA) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.18-$1.21 for the period, compared to the consensus EPS estimate of $1.19.

Analyst Ratings Changes

A number of research firms recently weighed in on DEA. Jefferies Financial Group assumed coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They set a “buy” rating and a $13.00 price target for the company. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their target price on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th.

Easterly Government Properties Stock Up 3.8 %

DEA traded up $0.35 during trading on Wednesday, hitting $9.55. The company had a trading volume of 2,667,965 shares, compared to its average volume of 1,113,473. Easterly Government Properties has a 1-year low of $8.83 and a 1-year high of $14.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market cap of $1.03 billion, a PE ratio of 53.06 and a beta of 0.87. The business has a 50-day moving average of $10.69 and a 200-day moving average of $11.83.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, analysts forecast that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a $0.265 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 11.10%. Easterly Government Properties’s payout ratio is 557.89%.

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.