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WASHINGTON - Easterly Government Properties, Inc. (NYSE:DEA), a $1.1 billion market cap real estate investment trust specializing in properties leased to U.S. Government agencies, announced Wednesday its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend represents an attractive 7.96% yield at the current share price of $22.15.
The dividend will be payable on August 25, 2025, to shareholders of record as of August 13, 2025, according to a company press release.
Easterly Government Properties focuses on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies, either directly or through the U.S. General Services Administration.
The company, based in Washington, D.C., specializes in mission-critical government facilities. The announcement maintains the company’s regular quarterly dividend distribution to shareholders.
In other recent news, Easterly Government Properties has made several noteworthy announcements. The company reported its first-quarter 2025 results, which RBC Capital noted were mostly in line with expectations. Following this, Easterly Government Properties’ Board decided to initiate a reverse stock split and decrease the dividend. Additionally, the company filed an amendment to reduce its authorized shares from 200 million to 80 million, aligning with the reverse stock split implemented on April 28, 2025. This adjustment is part of the company’s ongoing capital structure management.
Analyst firms have also adjusted their outlooks on Easterly Government Properties. BMO Capital upgraded the company’s stock rating from Underperform to Market Perform, setting a price target of $25. Meanwhile, Truist Securities lowered its price target from $30 to $25 while maintaining a Hold rating, citing factors like discounted cash flow and projected net asset value. RBC Capital also revised its price target, reducing it from $27.50 to $22, while retaining an Underperform rating. These developments reflect the analysts’ varying perspectives on the company’s future performance.
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