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

Easterly Government Properties, Inc. (NYSE:DEA) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 7th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, November 7th.

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. Research analysts expect Easterly Government Properties to earn $1.21 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 148.8%.

Easterly Government Properties Price Performance

Shares of DEA opened at $22.37 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 54.57 and a beta of 0.95. Easterly Government Properties has a fifty-two week low of $19.33 and a fifty-two week high of $34.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. The business’s 50-day moving average is $22.58 and its 200-day moving average is $22.15.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Equities research analysts expect that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

About Easterly Government Properties

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.