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

Key Points

• Easterly Government Properties declared a quarterly dividend of $0.45 per share, payable November 20 to shareholders of record on November 5. The dividend implies an annualized payout of $1.80 and an 8.0% yield.
• The current dividend payout ratio is high at 225.0%, indicating earnings do not presently cover the distribution; however, analysts expect next year’s earnings to support a lower projected payout ratio of 57.7%.
• Analysts maintain a generally neutral view, with one Buy, four Hold, and one Sell rating and an average price target of $25.80. Shares recently traded at $22.39, while the company reported quarterly revenue growth of 9.8% year over year.

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given 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 dividend 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% 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. Research 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 DEA traded down $0.17 during mid-day trading on Friday, reaching $22.39. 23,023 shares of the company's stock were exchanged, compared to its average volume of 418,054. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.88 and a quick ratio of 3.88. The stock has a market capitalization of $1.06 billion, a PE ratio of 106.54 and a beta of 0.99. The business's fifty day simple moving average is $23.55 and its 200-day simple moving average is $23.86. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $90.94 million. During the same quarter in the prior year, the firm earned $0.74 EPS. Easterly Government Properties's revenue for the quarter 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. On average, equities research analysts expect that Easterly Government Properties will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on DEA shares. Wall Street Zen raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. BMO Capital Markets reiterated a "market perform" rating and issued a $27.00 price objective (up from $25.00) on shares of Easterly Government Properties in a research report on Monday, August 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Easterly Government Properties in a research note on Monday, August 24th. Royal Bank Of Canada restated an "underperform" rating and set a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Finally, Truist Financial raised their target price on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a "hold" rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.80.

About Easterly Government Properties

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.

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