Easterly Government Properties, Inc. (DEA) To Go Ex-Dividend on November 5th

Easterly Government Properties, Inc. (NYSE:DEA) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be paid 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 7.9%. The ex-dividend date of this dividend is Thursday, November 5th.

Easterly Government Properties has decreased its dividend payment by an average of 0.1% per year over the last three years. Easterly Government Properties has a 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. Equities 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 Up 1.6%

DEA opened at $22.68 on Tuesday. The business’s 50-day simple moving average is $23.28 and its 200-day simple moving average is $23.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.88 and a current ratio of 3.50. Easterly Government Properties has a one year low of $20.56 and a one year high of $25.96. The stock has a market capitalization of $1.07 billion, a P/E ratio of 73.15 and a beta of 0.99.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $90.94 million. Easterly Government Properties had a return on equity of 1.07% and a net margin of 3.98%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. Analysts anticipate that Easterly Government Properties will post 3.10 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Easterly Government Properties from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. BMO Capital Markets restated a “market perform” rating and set a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd. Raymond James Financial restated an “outperform” rating and set a $27.00 price target on shares of Easterly Government Properties in a research note on Thursday, August 13th. Finally, Truist Financial increased their price target on Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Easterly Government Properties presently has a consensus rating of “Reduce” and an average target price of $25.60.

Easterly Government Properties Company Profile

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.