Easterly Government Properties (NYSE:DEA) Updates FY 2025 Earnings Guidance

Easterly Government Properties (NYSE:DEA) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.170-1.210 for the period, compared to the consensus earnings per share estimate of 1.170. The company issued revenue guidance of -. Easterly Government Properties also updated its FY 2024 guidance to 1.150-1.170 EPS.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DEA. Truist Financial upped their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $15.00 in a research note on Monday, October 14th.

Easterly Government Properties Price Performance

Easterly Government Properties stock traded up $0.09 during mid-day trading on Wednesday, reaching $13.47. 1,153,766 shares of the company were exchanged, compared to its average volume of 872,754. The company has a fifty day simple moving average of $13.57 and a 200-day simple moving average of $12.93. The firm has a market cap of $1.39 billion, a PE ratio of 71.05 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57. Easterly Government Properties has a 12 month low of $10.62 and a 12 month high of $14.52.

Easterly Government Properties (NYSE:DEA) last issued its quarterly 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). The business had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.49% and a return on equity of 1.36%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, equities research analysts expect that Easterly Government Properties will post 1.15 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The company 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 dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s payout ratio is 557.89%.

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.