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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.265 per share by the real estate investment trust on Tuesday, May 21st. This represents a $1.06 annualized dividend and a dividend yield of 9.07%. The ex-dividend date is Wednesday, May 8th.

Easterly Government Properties has increased its dividend payment by an average of 0.6% per year over the last three years. Easterly Government Properties has a dividend payout ratio of 424.0% meaning 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 Stock Performance

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report 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.