Easterly Government Properties (NYSE:DEA) Releases FY 2024 Earnings Guidance

Easterly Government Properties (NYSE:DEA) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.140-1.160 for the period, compared to the consensus earnings per share estimate of 1.150. The company issued revenue guidance of -. Easterly Government Properties also updated its FY24 guidance to $1.14-1.16 EPS.

Easterly Government Properties Price Performance

Shares of DEA stock traded up $0.01 on Tuesday, hitting $11.69. 1,453,487 shares of the company’s stock were exchanged, compared to its average volume of 974,901. Easterly Government Properties has a 12 month low of $10.27 and a 12 month high of $15.21. The company has a debt-to-equity ratio of 0.92, a current ratio of 4.65 and a quick ratio of 4.65. The company has a 50 day moving average of $11.53 and a 200 day moving average of $11.98. The stock has a market cap of $1.20 billion, a P/E ratio of 61.69 and a beta of 0.67.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be paid a $0.265 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.07%. Easterly Government Properties’s payout ratio is currently 557.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Easterly Government Properties from a hold rating to a sell rating in a research report on Wednesday, April 3rd.

Easterly Government Properties Company Profile

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.