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

Key Points

• Easterly Government Properties, Inc. has declared a quarterly dividend of $0.45, with the payment date set for November 20th for shareholders on record as of November 7th, representing an annualized yield of 8.0%.
• The company has a payout ratio of 225.0%, indicating it is currently unable to cover its dividend solely through earnings and must rely on its balance sheet.
• Easterly's FY 2025 earnings guidance is set between $2.980 and $3.030 EPS, but analysts predict it may only be able to post $1.17 EPS for the current year.

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 7th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, November 7th.

Easterly Government Properties has a 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 research 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 Stock Performance

DEA stock opened at $22.37 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 54.57 and a beta of 0.95. Easterly Government Properties has a 1 year low of $19.33 and a 1 year high of $34.95. The stock's fifty day moving average is $22.58 and its two-hundred day moving average is $22.15.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $80.37 million for the quarter, compared to analysts' expectations of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The company's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, research analysts predict that Easterly Government Properties will post 1.17 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on DEA. BMO Capital Markets raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective for the company in a report on Wednesday, July 16th. Weiss Ratings reissued a "hold (c-)" rating on shares of Easterly Government Properties in a report on Wednesday, October 8th. Compass Point set a $26.45 price target on shares of Easterly Government Properties and gave the company a "buy" rating in a report on Wednesday, October 15th. Finally, New Street Research set a $20.00 price target on shares of Easterly Government Properties in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.41.

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.

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