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

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DEA. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Finally, Truist Financial increased their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th.

Easterly Government Properties Trading Up 0.2 %

DEA stock traded up $0.03 during midday trading on Friday, hitting $13.56. The stock had a trading volume of 103,210 shares, compared to its average volume of 875,714. Easterly Government Properties has a 12-month low of $10.62 and a 12-month high of $14.52. The firm has a market cap of $1.40 billion, a PE ratio of 71.19 and a beta of 0.72. The company’s 50-day moving average price is $13.58 and its 200 day moving average price is $12.94. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). The business had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. Easterly Government Properties had a return on equity of 1.36% and a net margin of 6.49%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, equities research analysts predict that Easterly Government Properties will post 1.15 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.82%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.92%.

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.