Easterly Government Properties (NYSE:DEA) Issues 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 guidance of $1.18 to $1.21 for the period, compared to the consensus earnings per share estimate of $1.19. Easterly Government Properties also updated its FY 2025 guidance to 1.180-1.210 EPS.

Analyst Ratings Changes

A number of brokerages recently commented on DEA. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial cut their target price 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. Finally, Jefferies Financial Group decreased their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd.

Easterly Government Properties Stock Up 6.3 %

Shares of DEA stock traded up $0.68 during trading hours on Tuesday, reaching $11.48. 1,263,080 shares of the stock were exchanged, compared to its average volume of 1,234,948. Easterly Government Properties has a 12-month low of $10.45 and a 12-month high of $14.52. The business’s fifty day moving average is $11.17 and its two-hundred day moving average is $12.46. 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 has a market capitalization of $1.21 billion, a P/E ratio of 63.58 and a beta of 0.70.

Easterly Government Properties (NYSE:DEA) last released 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 analysts’ expectations of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. As a group, research analysts expect that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a $0.265 dividend. 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 9.24%. Easterly Government Properties’s payout ratio is currently 588.89%.

Insider Buying and Selling

In related news, CEO Darrell W. Crate acquired 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.10% of the stock is owned by company 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.