Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Wednesday, August 13th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Wednesday, August 13th.
Easterly Government Properties has a dividend payout ratio of 225.0% meaning 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 $1.21 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 148.8%.
Easterly Government Properties Trading Down 0.8%
Shares of Easterly Government Properties stock traded down $0.18 during trading on Friday, reaching $21.82. 493,991 shares of the stock were exchanged, compared to its average volume of 417,496. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 1.14. The stock's fifty day moving average is $22.55 and its 200 day moving average is $24.03. The firm has a market cap of $979.72 million, a price-to-earnings ratio of 51.95 and a beta of 0.94. Easterly Government Properties has a 1 year low of $19.33 and a 1 year high of $36.31.
Easterly Government Properties Company Profile
(
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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.
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