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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Monday, August 10th.

Easterly Government Properties has decreased its dividend by an average of 0.1%annually over the last three years. 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. Analysts expect Easterly Government Properties to earn $3.11 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 57.9%.

Easterly Government Properties Stock Performance

NYSE:DEA opened at $25.04 on Thursday. The firm’s fifty day simple moving average is $24.44 and its 200 day simple moving average is $23.49. The stock has a market cap of $1.16 billion, a P/E ratio of 104.32 and a beta of 0.97. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $25.96.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.