Easterly Government Properties Inc (DEA) to Issue Dividend of $0.26 on December 27th

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Easterly Government Properties Inc (NYSE:DEA) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.26 per share by the real estate investment trust on Friday, December 27th. The ex-dividend date is Tuesday, November 12th. This is an increase from Easterly Government Properties’s previous dividend of $0.21.

Easterly Government Properties stock opened at $22.84 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.56 billion, a P/E ratio of 19.52, a P/E/G ratio of 7.69 and a beta of 0.61. The business’s fifty day moving average is $21.74 and its two-hundred day moving average is $19.72. Easterly Government Properties has a 52 week low of $15.16 and a 52 week high of $22.97.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The business had revenue of $57.60 million during the quarter, compared to analyst estimates of $54.96 million. Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. Easterly Government Properties’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts predict that Easterly Government Properties will post 1.19 earnings per share for the current year.

In other news, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.27, for a total transaction of $200,430.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at $2,421,350.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 27,000 shares of company stock valued at $578,250. 12.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on DEA shares. SunTrust Banks boosted their target price on Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Compass Point started coverage on Easterly Government Properties in a research report on Monday, September 23rd. They set a “buy” rating and a $25.00 target price for the company. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, October 15th. Raymond James boosted their target price on Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, ValuEngine downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.33.

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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