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

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

Easterly Government Properties Price Performance

NYSE DEA traded up $0.05 during trading on Tuesday, reaching $11.73. The company’s stock had a trading volume of 842,349 shares, compared to its average volume of 971,062. The stock has a market capitalization of $1.20 billion, a PE ratio of 61.48 and a beta of 0.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 4.65 and a quick ratio of 4.65. The firm has a fifty day moving average of $11.53 and a 200 day moving average of $11.98. Easterly Government Properties has a one year low of $10.27 and a one year high of $15.21.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders 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 annualized dividend and a dividend yield of 9.04%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.92%.

Wall Street Analyst Weigh In

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

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.