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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Easterly Government Properties from a sell rating to a hold rating in a report on Friday.

Easterly Government Properties Trading Down 0.6 %

Shares of NYSE DEA traded down $0.07 during midday trading on Friday, reaching $11.88. The company had a trading volume of 827,960 shares, compared to its average volume of 975,411. The stock has a market cap of $1.22 billion, a PE ratio of 59.40 and a beta of 0.65. Easterly Government Properties has a one year low of $10.27 and a one year high of $15.21. The firm’s fifty day moving average price is $11.53 and its 200-day moving average price is $11.98. The company has a quick ratio of 4.65, a current ratio of 4.31 and a debt-to-equity ratio of 0.98.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 9th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.06 annualized dividend and a yield of 8.92%. Easterly Government Properties’s payout ratio is currently 530.00%.

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.