Easterly Government Properties, Inc. (DEA) To Go Ex-Dividend on November 7th

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 7th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, November 7th.

Easterly Government Properties has a dividend payout ratio of 225.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Easterly Government Properties to earn $1.21 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 148.8%.

Easterly Government Properties Stock Performance

Shares of DEA opened at $22.51 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. Easterly Government Properties has a one year low of $19.33 and a one year high of $34.90. The company has a 50-day simple moving average of $22.59 and a two-hundred day simple moving average of $22.15. The firm has a market capitalization of $1.02 billion, a PE ratio of 54.90 and a beta of 0.95.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, analysts anticipate that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DEA shares. Compass Point set a $26.45 price target on shares of Easterly Government Properties and gave the stock a “buy” rating in a research note on Wednesday, October 15th. BMO Capital Markets upgraded shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Easterly Government Properties in a research note on Friday. Finally, New Street Research set a $20.00 price target on shares of Easterly Government Properties in a research note on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.41.

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.