Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) 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% annually over the last three years. Easterly Government Properties has a 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 %
Shares of NYSE DEA traded down $0.03 during midday trading on Friday, reaching $11.69. 1,170,804 shares of the stock were exchanged, compared to its average volume of 820,028. The company has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $11.97. The stock has a market capitalization of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.65 and a current ratio of 4.65. Easterly Government Properties has a twelve month low of $10.27 and a twelve month high of $15.21.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 3rd.
Check Out Our Latest Stock Analysis on DEA
Easterly Government Properties Company Profile
(
Get Free Report)
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.
Further Reading
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