Easterly Government Properties, Inc. (NYSE:DEA) Announces Quarterly Dividend of $0.45

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 5th will be given a dividend of $0.45 per share by the real estate investment trust on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Easterly Government Properties has decreased its dividend payment by an average of 0.1% annually over the last three years. Easterly Government Properties has a payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Easterly Government Properties to earn $3.12 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 57.7%.

Easterly Government Properties Price Performance

Easterly Government Properties stock traded down $0.17 during mid-day trading on Friday, hitting $22.39. 23,023 shares of the company were exchanged, compared to its average volume of 418,054. Easterly Government Properties has a 12-month low of $20.56 and a 12-month high of $25.96. The company has a market capitalization of $1.06 billion, a P/E ratio of 106.54 and a beta of 0.99. The business’s 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $23.86. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.88 and a quick ratio of 3.88.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Analysts forecast that Easterly Government Properties will post 3.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “underperform” rating and issued a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Citigroup reissued a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and set a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a report on Monday, August 24th. Finally, Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties presently has an average rating of “Hold” and a consensus price target of $25.80.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.