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

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) declared a quarterly dividend on Friday, November 1st, Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.265 per share by the real estate investment trust on Wednesday, November 27th. This represents a $1.06 annualized dividend and a yield of 7.86%. The ex-dividend date is Friday, November 15th.

Easterly Government Properties has increased its dividend payment by an average of 23.9% per year over the last three years. Easterly Government Properties has a dividend payout ratio of 504.8% meaning 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 $1.17 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 90.6%.

Easterly Government Properties Trading Up 0.8 %

Easterly Government Properties stock traded up $0.11 during trading hours on Monday, reaching $13.48. 889,104 shares of the company's stock traded hands, compared to its average volume of 869,146. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 70.69 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. Easterly Government Properties has a fifty-two week low of $10.62 and a fifty-two week high of $14.52. The firm's 50 day moving average is $13.57 and its 200-day moving average is $12.90.

Wall Street Analysts Forecast Growth

DEA has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Easterly Government Properties from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial increased their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. Finally, StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th.

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.