Jefferies Downgrades Easterly Government Properties (DEA) to Hold

Jefferies analyst Joe Dickstein downgraded Easterly Government Properties (NYSE: DEA) from Buy to Hold with a price target of $20.00 (from $26.00).

The analyst comments: "A high cost of capital and ~97% leased portfolio limits growth potential. DEA is heavily levered to federal tenants, and while management is focused on expanding further with state and local governments, accretion will be a challenge at current multiples. For government exposed Office REITs, we prefer CDP which is supported by robust defense budget tailwinds and compelling growth opportunities in Huntsville."

For an analyst ratings summary and ratings history on Easterly Government Properties click here. For more ratings news on Easterly Government Properties click here.

Shares of Easterly Government Properties closed at $21.33 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Citi Downgrades Ecopetrol SA (EC) to Neutral
• BTIG Upgrades Medtronic, Inc. (MDT) to Buy