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

Easterly Government Properties (NYSE:DEA) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22, Zacks reports. The company had revenue of $78.25 million during the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. 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 Stock Down 2.1 %

Shares of NYSE DEA opened at $11.21 on Thursday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 62.28 and a beta of 0.70. 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 has a 12 month low of $10.45 and a 12 month high of $14.52. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 9.46%. The ex-dividend date is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Insider Activity at Easterly Government Properties

In other news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price 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 in the company, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEA. StockNews.com cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group cut their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Truist Financial dropped their price target 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.

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.