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

Easterly Government Properties (NYSE:DEA - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Compass Point reissued a "neutral" rating and set a $9.50 price objective (down previously from $15.00) on shares of Easterly Government Properties in a report on Thursday. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They set a "buy" rating and a $13.00 price objective for the company. Royal Bank of Canada cut their target price on 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. Finally, StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.63.

Easterly Government Properties Stock Up 3.1 %

NYSE:DEA traded up $0.25 during trading hours on Monday, reaching $8.35. The company's stock had a trading volume of 2,529,046 shares, compared to its average volume of 1,152,883. The company has a market capitalization of $901.56 million, a P/E ratio of 46.39 and a beta of 0.87. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties has a 12 month low of $7.79 and a 12 month high of $14.53. The stock has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $11.67.

Shares of Easterly Government Properties are going to reverse split on the morning of Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 25th.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22. The firm 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%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities analysts predict that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 12.69%. Easterly Government Properties's payout ratio is currently 378.95%.

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.