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

Easterly Government Properties, Inc. (NYSE:DEA) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th.

Easterly Government Properties has raised its dividend payment by an average of 0.6% annually over the last three years. Easterly Government Properties has a dividend payout ratio of 424.0% 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 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 0.3 %

Shares of DEA stock traded down $0.03 during mid-day trading on Friday, reaching $11.69. The company’s stock had a trading volume of 1,170,804 shares, compared to its average volume of 820,028. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $15.21. The firm has a market capitalization of $1.20 billion, a PE ratio of 61.53 and a beta of 0.67. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.92. The company’s 50 day simple moving average is $11.53 and its 200-day simple moving average is $11.97.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

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.