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

Easterly Government Properties (NYSE:DEA) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.15-1.17 for the period, compared to the consensus EPS estimate of $1.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Easterly Government Properties from a hold rating to a sell rating in a research report on Monday.

Easterly Government Properties Stock Performance

Easterly Government Properties stock opened at $14.01 on Wednesday. The company’s 50-day moving average price is $12.53 and its 200-day moving average price is $12.08. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.98. Easterly Government Properties has a twelve month low of $10.27 and a twelve month high of $15.21. The company has a market cap of $1.44 billion, a PE ratio of 70.55 and a beta of 0.71.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Thursday, August 1st. Easterly Government Properties’s dividend payout ratio is currently 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.