Easterly Government Properties, Inc. (NYSE:DEA) Announces Quarterly Dividend of $0.27

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.265 per share by the real estate investment trust on Tuesday, May 21st. This represents a $1.06 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th.

Easterly Government Properties has increased its dividend by an average of 0.6% per year over the last three years. Easterly Government Properties has a dividend payout ratio of 424.0% 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 $1.13 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 93.8%.

Easterly Government Properties Trading Down 0.3 %

NYSE:DEA traded down $0.03 on Friday, reaching $11.69. 1,170,804 shares of the stock traded hands, compared to its average volume of 820,028. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 61.53 and a beta of 0.67. The company’s 50 day moving average is $11.53 and its 200-day moving average is $11.97. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties has a 1-year low of $10.27 and a 1-year high of $15.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

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.