Easterly Government Properties (NYSE:DEA) Announces Quarterly Earnings Results

Easterly Government Properties (NYSE:DEA) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22, Zacks reports. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $78.25 million for the quarter, compared to the consensus estimate of $79.49 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Easterly Government Properties updated its FY 2025 guidance to 1.180-1.210 EPS and its FY25 guidance to $1.18 to $1.21 EPS.

Easterly Government Properties Stock Up 6.2 %

DEA stock opened at $11.48 on Wednesday. The business’s 50-day moving average price is $11.17 and its 200-day moving average price is $12.45. The stock has a market cap of $1.21 billion, a P/E ratio of 63.75 and a beta of 0.70. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a twelve month low of $10.45 and a twelve month high of $14.52.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 588.89%.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th. StockNews.com lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Jefferies Financial Group reduced their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 2nd.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.10% of the stock is currently owned by insiders.

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.