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

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

Easterly Government Properties has increased its dividend payment by an average of 17.4% annually over the last three years. Easterly Government Properties has a payout ratio of 136.8% 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 $1.21 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 Stock Up 1.0 %

DEA stock opened at $10.80 on Friday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 59.97 and a beta of 0.70. The company has a 50 day moving average of $11.19 and a two-hundred day moving average of $12.49. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 12-month low of $10.45 and a 12-month high of $14.52.

Analyst Ratings Changes

Several research analysts recently commented on DEA shares. Truist Financial dropped their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group decreased their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Check Out Our Latest Stock Report on DEA

Insiders Place Their Bets

In related news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.10% of the company’s stock.

About Easterly Government Properties

(Get Free Report)

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.

Read More

Dividend History for Easterly Government Properties (NYSE:DEA)

Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.