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

Easterly Government Properties (NYSE:DEA) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.14-1.16 for the period, compared to the consensus estimate of $1.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Easterly Government Properties from a hold rating to a sell rating in a research note on Wednesday, April 3rd.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $11.68 on Tuesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 61.48 and a beta of 0.67. The firm’s 50-day moving average price is $11.53 and its two-hundred day moving average price is $11.98. Easterly Government Properties has a 52-week low of $10.27 and a 52-week high of $15.21. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.92.

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 given 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 9.08%. Easterly Government Properties’s dividend payout ratio is currently 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.