Why Easterly Government Properties Stock Is Down Today
Government real estate owner Easterly Government Properties (NYSE: DEA) reported quarterly results that were roughly in line with expectations, but investors are still more focused on disappointing news the company released earlier in the month.
Shares of Easterly traded down 3% as of 2 p.m. ET on Tuesday.
As its name implies, Easterly is a real estate investment trust (REIT) that is focused on government properties. The company has been in the spotlight of late due to the efforts of the Department of Government Efficiency (DOGE) to cut federal spending, including real estate.
Source Fool.com
