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

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

Wall Street Analysts Forecast Growth

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

Easterly Government Properties Stock Performance

Shares of NYSE DEA traded up $0.37 during trading on Thursday, reaching $11.92. 429,323 shares of the company traded hands, compared to its average volume of 971,907. The firm has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $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 PE ratio of 57.73 and a beta of 0.65. Easterly Government Properties has a 52-week low of $10.27 and a 52-week high of $15.21.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 8.89%. The ex-dividend date is Wednesday, May 8th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 530.00%.

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.