Easterly Government Properties Inc (NYSE:DEA) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Investors of record on Thursday, December 13th will be paid a dividend of 0.26 per share by the real estate investment trust on Thursday, December 27th. This represents a $1.04 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Wednesday, December 12th.

Easterly Government Properties has a payout ratio of 88.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Easterly Government Properties to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 87.4%.

NYSE DEA opened at $18.50 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 5.10 and a beta of 0.51. Easterly Government Properties has a fifty-two week low of $17.39 and a fifty-two week high of $22.32. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $39.59 million. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts predict that Easterly Government Properties will post 1.18 earnings per share for the current year.

In other news, Chairman Darrell W. Crate sold 400,000 shares of Easterly Government Properties stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $19.65, for a total transaction of $7,860,000.00. Following the transaction, the chairman now owns 45,000 shares in the company, valued at $884,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $18.00, for a total transaction of $162,000.00. Following the transaction, the chief executive officer now owns 90,713 shares in the company, valued at approximately $1,632,834. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 436,125 shares of company stock worth $8,541,840. Insiders own 14.90% of the company’s stock.

DEA has been the topic of a number of research reports. Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. ValuEngine cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Boenning Scattergood initiated coverage on shares of Easterly Government Properties in a research note on Wednesday, November 28th. They set an “outperform” rating and a $23.00 target price on the stock.

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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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Dividend History for Easterly Government Properties (NYSE:DEA)

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