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

Easterly Government Properties, Inc. (NYSE:DEA) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 5th will be paid a dividend of $0.45 per share by the real estate investment trust on Friday, November 20th. This represents a $1.80 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Easterly Government Properties has decreased its dividend by an average of 0.1% annually 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. Analysts expect Easterly Government Properties to earn $3.12 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 57.7%.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock traded down $0.14 on Friday, hitting $22.43. The stock had a trading volume of 27,046 shares, compared to its average volume of 418,122. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $25.96. The business’s 50 day moving average is $23.55 and its two-hundred day moving average is $23.86. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 106.78 and a beta of 0.99. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The firm had revenue of $92.42 million for the quarter, compared to analysts’ expectations of $90.94 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Analysts forecast that Easterly Government Properties will post 3.09 EPS for the current year.

Hedge Funds Weigh In On Easterly Government Properties

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in shares of Easterly Government Properties in the 2nd quarter worth about $7,237,000. Quantinno Capital Management LP lifted its stake in Easterly Government Properties by 392.6% during the 1st quarter. Quantinno Capital Management LP now owns 129,542 shares of the real estate investment trust’s stock valued at $2,776,000 after acquiring an additional 103,247 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Easterly Government Properties during the second quarter valued at approximately $2,339,000. Renaissance Technologies LLC lifted its position in Easterly Government Properties by 198.6% during the first quarter. Renaissance Technologies LLC now owns 73,466 shares of the real estate investment trust’s stock valued at $1,574,000 after purchasing an additional 48,866 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Easterly Government Properties by 39.7% in the first quarter. Bank of America Corp DE now owns 150,221 shares of the real estate investment trust’s stock worth $3,219,000 after purchasing an additional 42,704 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.