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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, August 10th.

Easterly Government Properties has decreased its dividend payment by an average of 0.1%per year over the last three years. 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. Equities analysts expect Easterly Government Properties to earn $3.11 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 57.9%.

Easterly Government Properties Price Performance

NYSE:DEA opened at $25.04 on Thursday. The stock’s fifty day moving average is $24.44 and its two-hundred day moving average is $23.49. Easterly Government Properties has a 52 week low of $20.56 and a 52 week high of $25.96. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.16 billion, a P/E ratio of 104.32 and a beta of 0.97.

About Easterly Government Properties

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.