Easterly Government Properties Inc to Issue Quarterly Dividend of $0.26 (DEA)
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.
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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