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

Easterly Government Properties (NYSE:DEA) 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.

Easterly Government Properties Trading Up 0.8 %

DEA opened at $13.48 on Tuesday. Easterly Government Properties has a 52 week low of $10.62 and a 52 week 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. The business has a fifty day simple moving average of $13.57 and a 200-day simple moving average of $12.90. The firm has a market cap of $1.39 billion, a P/E ratio of 70.95 and a beta of 0.72.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 7.86%. The ex-dividend date is Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.92%.

Analysts Set New Price Targets

A number of research firms have recently commented on DEA. 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 report on Thursday, August 29th. StockNews.com upgraded shares of 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 price target for the company from $13.00 to $15.00 in a research report on Monday, October 14th.

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.