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

Easterly Government Properties, Inc. (NYSE:DEA) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given a dividend of $0.45 per share by the real estate investment trust on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. 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 dividend 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. 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 Price Performance

Shares of DEA stock traded up $0.07 during trading hours on Friday, hitting $22.64. 325,988 shares of the company’s stock were exchanged, compared to its average volume of 538,756. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.07 billion, a P/E ratio of 107.81 and a beta of 0.99. The firm has a 50 day moving average of $23.50 and a two-hundred day moving average of $23.85. Easterly Government Properties has a fifty-two week low of $20.56 and a fifty-two week high of $25.96.

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. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%. The firm had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. During the same quarter last year, the firm posted $0.74 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Sell-side analysts forecast that Easterly Government Properties will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DEA shares. Truist Financial increased their price objective on shares of Easterly Government Properties from $24.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, August 27th. Royal Bank Of Canada reissued an “underperform” rating and set a $24.00 target price (up from $22.00) on shares of Easterly Government Properties in a research note on Monday, August 24th. Citigroup restated a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday, August 24th. Finally, Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Easterly Government Properties presently has a consensus rating of “Hold” and an average target price of $25.80.

About Easterly Government Properties

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.