Easterly Government Properties (NYSE:DEA) Announces Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Easterly Government Properties (NYSE:DEA) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22, Zacks reports. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $78.25 million during the quarter, compared to analysts’ expectations of $79.49 million. During the same quarter in the prior year, the business earned $0.28 EPS. Easterly Government Properties’s quarterly revenue was up 7.8% compared to the same quarter last year. Easterly Government Properties updated its FY 2025 guidance to 1.180-1.210 EPS and its FY25 guidance to $1.18 to $1.21 EPS.

Easterly Government Properties Stock Up 0.2 %

Shares of NYSE:DEA opened at $10.82 on Tuesday. The firm has a market cap of $1.14 billion, a PE ratio of 60.08 and a beta of 0.70. The company has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $12.46. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 12-month low of $10.45 and a 12-month high of $14.52.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date is Wednesday, March 5th. Easterly Government Properties’s payout ratio is currently 588.89%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Easterly Government Properties

In other news, CEO Darrell W. Crate acquired 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This represents a 6.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by insiders.

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.