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Easterly Government Properties , Inc. (NYSE:DEA) stock has reached a new 52-week low, touching down at $10.44, with the current price at $10.43. According to InvestingPro data, the company maintains a substantial 9.84% dividend yield, making it one of the highest-yielding REITs in its sector. This latest price level reflects a notable decline in the company’s stock value over the past year, with the 1-year change data showing a decrease of -10.13%. With a market capitalization of $1.26 billion and revenue growth of 5.25%, investors are closely monitoring the stock as it hits this low point, considering the broader implications for the real estate investment trust specializing in properties leased to U.S. government agencies. InvestingPro analysis suggests the stock is currently trading slightly below its Fair Value, though investors should note that short-term obligations exceed liquid assets with a current ratio of 0.66. The market is now keenly observing how the company will respond to this challenge and what strategies it will employ to potentially rebound from this trough in its stock price. For deeper insights into DEA’s valuation and growth prospects, investors can access additional InvestingPro Tips and comprehensive financial analysis through the platform’s detailed Pro Research Report, which is available for over 1,400 US stocks.
In other recent news, Easterly Government Properties reported its fourth-quarter 2024 earnings, revealing a net income per share of $0.05, which fell short of the forecasted $0.06. The company’s revenue also did not meet expectations, coming in at $74.14 million compared to the anticipated $77.44 million. Despite these misses, Easterly has closed 10 new assets in 2024 and plans significant acquisitions in 2025. The company targets core funds from operations (FFO) growth of 2-3% in 2025, with projections indicating core FFO per share between $1.18 and $1.21. Analyst firms have not provided recent upgrades or downgrades for Easterly, but the company remains focused on expanding its portfolio of mission-critical government properties. Additionally, Easterly has amended its $100 million senior unsecured term loan, extending the maturity date to 2028, with options for further extensions. The company plans to invest $100 million in acquisitions and $25-$75 million in growth and development initiatives in 2025.
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