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

Easterly Government Properties (NYSE:DEA) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.18-$1.21 for the period, compared to the consensus earnings per share estimate of $1.19.

Analysts Set New Price Targets

DEA has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Easterly Government Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $13.00 price target on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th.

Easterly Government Properties Stock Performance

NYSE:DEA traded up $0.35 during mid-day trading on Wednesday, hitting $9.55. 2,626,481 shares of the company traded hands, compared to its average volume of 1,113,464. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average price is $10.69 and its 200-day moving average price is $11.83. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 53.06 and a beta of 0.87. Easterly Government Properties has a one year low of $8.83 and a one year high of $14.53.

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, beating analysts’ consensus estimates of $0.07 by $0.22. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $78.25 million during the quarter, compared to the consensus estimate of $79.49 million. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is 557.89%.

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.