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

Easterly Government Properties (NYSE:DEA - Get Free Report) 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 Analyst Weigh In

Several brokerages have issued reports on DEA. Truist Financial upped their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a "hold" rating in a report on Thursday, August 29th. StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $15.00 in a research note on Monday, October 14th.

Easterly Government Properties Trading Down 0.7 %

Shares of NYSE:DEA traded down $0.10 during midday trading on Tuesday, reaching $13.38. The company's stock had a trading volume of 1,360,391 shares, compared to its average volume of 871,441. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 70.79 and a beta of 0.72. The business has a 50 day moving average price of $13.57 and a 200 day moving average price of $12.92. Easterly Government Properties has a 1 year low of $10.62 and a 1 year high of $14.52. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 7.92%. The ex-dividend date is Friday, November 15th. 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.