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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Thursday, May 7th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, May 7th.

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. Research analysts expect Easterly Government Properties to earn $3.10 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 58.1%.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $23.03 on Thursday. Easterly Government Properties has a 12 month low of $19.33 and a 12 month high of $24.94. The stock’s 50 day moving average is $22.70 and its 200-day moving average is $22.30. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 82.23 and a beta of 0.98.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.67). The firm had revenue of $87.04 million for the quarter, compared to analyst estimates of $87.73 million. Easterly Government Properties had a return on equity of 0.94% and a net margin of 3.87%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. Equities research analysts expect that Easterly Government Properties will post 3.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Truist Financial decreased their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.49.

Easterly Government Properties Company Profile

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.