Easterly Government Properties (NYSE:DEA) Updates FY 2024 Earnings Guidance

Easterly Government Properties (NYSE:DEAGet Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.140-1.160 for the period, compared to the consensus earnings per share estimate of 1.150. The company issued revenue guidance of -. Easterly Government Properties also updated its FY24 guidance to $1.14-1.16 EPS.

Easterly Government Properties Stock Performance

NYSE DEA traded up $0.41 during trading hours on Thursday, reaching $11.96. 607,431 shares of the company were exchanged, compared to its average volume of 974,008. Easterly Government Properties has a 1 year low of $10.27 and a 1 year high of $15.21. The business’s 50 day simple moving average is $11.53 and its 200-day simple moving average 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. The stock has a market capitalization of $1.22 billion, a P/E ratio of 57.73 and a beta of 0.65.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, May 9th will be issued a dividend of $0.265 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 8.86%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 530.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Easterly Government Properties from a hold rating to a sell rating in a research report on Wednesday, April 3rd.

Check Out Our Latest Analysis on DEA

About Easterly Government Properties

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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.

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Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

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