Easterly Government Properties (NYSE:DEA) Issues Earnings Results, Beats Expectations By $0.22 EPS

Easterly Government Properties (NYSE:DEAGet 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

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.

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

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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.

See Also

Earnings History for Easterly Government Properties (NYSE:DEA)

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