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

Easterly Government Properties (NYSE:DEA) issued an update on its FY25 earnings guidance on Tuesday morning. 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DEA. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Truist Financial raised their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Monday, October 14th.

Easterly Government Properties Price Performance

Shares of DEA traded down $0.04 during mid-day trading on Thursday, reaching $13.53. 1,458,128 shares of the company’s stock were exchanged, compared to its average volume of 879,290. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. Easterly Government Properties has a 52-week low of $10.62 and a 52-week high of $14.52. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 71.58 and a beta of 0.72. The company has a 50-day simple moving average of $13.57 and a two-hundred day simple moving average of $12.93.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.36% and a net margin of 6.49%. The company had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Easterly Government Properties will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.265 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 7.84%. Easterly Government Properties’s dividend payout ratio (DPR) is 557.92%.

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.