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 $1.18 to $1.21 for the period, compared to the consensus EPS estimate of $1.19. Easterly Government Properties also updated its FY 2025 guidance to 1.180-1.210 EPS.

Easterly Government Properties Stock Down 0.4 %

Easterly Government Properties stock traded down $0.05 during mid-day trading on Wednesday, hitting $11.41. The company’s stock had a trading volume of 331,109 shares, compared to its average volume of 1,275,124. The company has a market cap of $1.21 billion, a PE ratio of 63.25 and a beta of 0.70. Easterly Government Properties has a 52-week low of $10.45 and a 52-week high of $14.52. 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 firm’s 50 day moving average is $11.17 and its 200 day moving average is $12.45.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.29%. Easterly Government Properties’s dividend payout ratio is currently 588.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group cut their target price on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Truist Financial decreased their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Insider Buying and Selling

In other news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.10% of the company’s stock.

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.