Easterly Government Properties, Inc. (DEA) to Issue Quarterly Dividend of $0.27 on August 13th

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Thursday, August 1st will be given a dividend of 0.265 per share by the real estate investment trust on Tuesday, August 13th. This represents a $1.06 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, August 1st.

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 payout ratio of 481.8% 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 $1.14 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 93.0%.

Easterly Government Properties Stock Up 0.4 %

DEA opened at $14.01 on Tuesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 70.03 and a beta of 0.71. Easterly Government Properties has a one year low of $10.27 and a one year high of $15.21. The company has a fifty day moving average price of $12.49 and a 200-day moving average price of $12.08. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.31 and a quick ratio of 4.31.

Analyst Ratings Changes

Separately, StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday.

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.