Easterly Government Properties (NYSE:DEA) Announces Quarterly Earnings Results

Easterly Government Properties (NYSE:DEA) released its earnings results on Tuesday. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22, Zacks reports. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties updated its FY 2025 guidance to 1.180-1.210 EPS.

Easterly Government Properties Stock Performance

NYSE:DEA opened at $10.82 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 60.08 and a beta of 0.70. Easterly Government Properties has a 52-week low of $10.45 and a 52-week high of $14.52. The business’s fifty day moving average is $11.17 and its 200 day moving average is $12.46.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DEA. Truist Financial decreased their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th. StockNews.com lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Jefferies Financial Group lowered their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd.

Insider Activity

In other news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.10% 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.