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

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 0.265 per share by the real estate investment trust on Monday, March 17th. This represents a $1.06 annualized dividend and a dividend yield of 9.82%. The ex-dividend date is Wednesday, March 5th.

Easterly Government Properties has increased its dividend by an average of 17.4% per year over the last three years. Easterly Government Properties has a payout ratio of 136.8% 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 $1.21 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 43.0%.

Easterly Government Properties Trading Up 1.0 %

Shares of DEA traded up $0.11 during midday trading on Friday, hitting $10.80. The stock had a trading volume of 1,730,094 shares, compared to its average volume of 1,218,814. Easterly Government Properties has a 1 year low of $10.45 and a 1 year high of $14.52. The firm has a market cap of $1.14 billion, a PE ratio of 59.97 and a beta of 0.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The stock's 50 day moving average is $11.19 and its 200 day moving average is $12.49.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DEA shares. Truist Financial reduced their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group reduced 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 note on Thursday, January 2nd. Finally, StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.

Insider Buying and Selling at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.10% of the company's stock.

Easterly Government Properties Company Profile

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.