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

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

Easterly Government Properties Stock Up 0.8 %

NYSE DEA opened at $13.48 on Tuesday. The business has a fifty day moving average price of $13.57 and a 200 day moving average price of $12.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. The company has a market cap of $1.39 billion, a P/E ratio of 70.95 and a beta of 0.72. Easterly Government Properties has a one year low of $10.62 and a one year high of $14.52.

Easterly Government Properties Dividend Announcement

The firm also recently declared 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 7.86%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 557.92%.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial lifted their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Finally, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

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.