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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.265 per share by the real estate investment trust on Monday, March 17th. This represents a $1.06 annualized dividend and a dividend yield of 9.90%.

Easterly Government Properties has increased its dividend payment by an average of 17.4% annually over the last three years. Easterly Government Properties has a payout ratio of 136.8% 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 $1.21 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 43.0%.

Easterly Government Properties Trading Up 2.0 %

DEA stock opened at $10.71 on Friday. Easterly Government Properties has a 1-year low of $10.45 and a 1-year high of $14.52. The firm has a market cap of $1.13 billion, a P/E ratio of 59.47 and a beta of 0.70. The business’s 50 day moving average is $11.21 and its 200-day moving average is $12.51. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 8.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DEA shares. Truist Financial lowered their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group decreased their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd.

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.