Easterly Government Properties, Inc. (NYSE:DEA) Announces $0.27 Quarterly Dividend

Easterly Government Properties, Inc. (NYSE:DEA) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.265 per share by the real estate investment trust on Tuesday, May 21st. This represents a $1.06 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend is Wednesday, May 8th.

Easterly Government Properties has increased its dividend by an average of 23.9% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Easterly Government Properties has a payout ratio of 424.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Easterly Government Properties to earn $1.13 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 93.8%.

Easterly Government Properties Trading Down 0.6 %

Easterly Government Properties stock opened at $11.88 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.65 and a current ratio of 4.31. Easterly Government Properties has a fifty-two week low of $10.27 and a fifty-two week high of $15.21. The stock has a market cap of $1.22 billion, a P/E ratio of 59.40 and a beta of 0.65. The firm’s fifty day moving average price is $11.54 and its 200-day moving average price is $12.00.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Friday.

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.