Easterly Government Properties Inc (NYSE:DEA) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Tuesday, March 13th will be paid a dividend of 0.26 per share by the real estate investment trust on Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Monday, March 12th.

Easterly Government Properties has a dividend payout ratio of 81.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Easterly Government Properties to earn $1.41 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 73.8%.

Easterly Government Properties (NYSE DEA) opened at $19.93 on Friday. Easterly Government Properties has a 1 year low of $19.03 and a 1 year high of $22.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $896.21, a price-to-earnings ratio of 15.82 and a beta of 0.58.

A number of brokerages have recently commented on DEA. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 10th. SunTrust Banks set a $24.00 price target on Easterly Government Properties and gave the company a “buy” rating in a research report on Sunday, December 17th.

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About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

Dividend History for Easterly Government Properties (NYSE:DEA)

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