Easterly Government Properties, Inc. Announces Quarterly Dividend of $0.45 (NYSE:DEA)

Easterly Government Properties, Inc. (NYSE:DEAGet Free Report) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Thursday, March 5th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, March 5th.

Easterly Government Properties has raised its dividend by an average of 0.0%per year over the last three years. Easterly Government Properties has a dividend payout ratio of 225.0% 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 $1.21 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 Down 1.9%

Shares of DEA opened at $23.59 on Thursday. The company has a market capitalization of $1.09 billion, a P/E ratio of 77.33 and a beta of 0.96. Easterly Government Properties has a one year low of $19.33 and a one year high of $29.49. The business’s 50 day simple moving average is $22.65 and its 200-day simple moving average is $22.34. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47.

Easterly Government Properties Company Profile

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Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.

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Dividend History for Easterly Government Properties (NYSE:DEA)

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