Easterly Government Properties (NYSE:DEA) Issues FY24 Earnings Guidance

Easterly Government Properties (NYSE:DEA) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.15-1.17 for the period, compared to the consensus EPS estimate of $1.15. Easterly Government Properties also updated its FY 2024 guidance to 1.150-1.170 EPS.

Easterly Government Properties Price Performance

Shares of NYSE DEA traded down $0.01 during trading on Friday, reaching $13.51. The company had a trading volume of 1,288,849 shares, compared to its average volume of 803,685. Easterly Government Properties has a twelve month low of $10.27 and a twelve month high of $15.21. The stock has a market capitalization of $1.39 billion, a PE ratio of 67.55 and a beta of 0.71. The stock has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $12.09. The company has a current ratio of 3.57, a quick ratio of 4.31 and a debt-to-equity ratio of 1.02.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st will be issued a $0.265 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.85%. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Easterly Government Properties from a hold rating to a sell rating in a report on Monday, July 29th.

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.