Easterly Government Properties (NYSE:DEA) Issues FY 2025 Earnings Guidance

Key Points

• Easterly Government Properties updated its FY 2025 earnings guidance, projecting earnings per share between $2.980 and $3.030, aligning with the consensus estimate.
• The company's stock decreased by 0.1% on Tuesday, closing at $22.28, with a market capitalization of $1.00 billion.
• Easterly Government Properties has announced a quarterly dividend of $0.45 per share, reflecting a high dividend payout ratio of 171.43%.

Easterly Government Properties (NYSE:DEA - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.980-3.030 for the period, compared to the consensus estimate of 2.980. The company issued revenue guidance of -.

Easterly Government Properties Price Performance

DEA stock traded up $0.10 during midday trading on Thursday, reaching $22.30. 166,508 shares of the stock were exchanged, compared to its average volume of 588,796. The company has a fifty day moving average price of $22.58 and a 200 day moving average price of $23.92. Easterly Government Properties has a 52 week low of $19.33 and a 52 week high of $36.31. The stock has a market capitalization of $1.00 billion, a PE ratio of 54.38 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 4.90.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $80.37 million for the quarter, compared to analysts' expectations of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. As a group, analysts expect that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Wednesday, August 13th. Easterly Government Properties's dividend payout ratio is presently 439.02%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DEA. Wall Street Zen downgraded shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Royal Bank Of Canada dropped their price objective on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. BMO Capital Markets raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective for the company in a research report on Wednesday, July 16th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $23.75 price objective (down previously from $37.50) on shares of Easterly Government Properties in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.15.

Institutional Trading of Easterly Government Properties

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Easterly Government Properties by 197.5% during the 1st quarter. AQR Capital Management LLC now owns 95,596 shares of the real estate investment trust's stock worth $1,013,000 after acquiring an additional 63,463 shares in the last quarter. Millennium Management LLC increased its stake in Easterly Government Properties by 1,759.2% in the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock valued at $10,602,000 after buying an additional 946,381 shares during the period. NewEdge Advisors LLC boosted its holdings in Easterly Government Properties by 12,846.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 10,406 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Easterly Government Properties by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,042 shares of the real estate investment trust's stock valued at $7,569,000 after purchasing an additional 7,785 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Easterly Government Properties by 271.5% during the first quarter. Jane Street Group LLC now owns 115,677 shares of the real estate investment trust's stock worth $1,226,000 after purchasing an additional 84,536 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

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.