Easterly Government Properties (NYSE:DEA – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.22, Zacks reports. The firm had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. 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 Price Performance
DEA stock opened at $11.21 on Thursday. The stock has a market cap of $1.18 billion, a PE ratio of 62.28 and a beta of 0.70. The stock has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $12.44. Easterly Government Properties has a 1 year low of $10.45 and a 1 year high of $14.52. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.
Easterly Government Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 annualized dividend and a yield of 9.46%. Easterly Government Properties’s dividend payout ratio is currently 588.89%.
Insider Activity
Wall Street Analysts Forecast Growth
DEA has been the topic of a number of recent research reports. StockNews.com lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday. Jefferies Financial Group lowered their price objective on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.
View Our Latest Research Report on DEA
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.
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