Why Investors Were Bailing on Easterly Government Properties Stock Today
Few investors were happy with Thursday's stock market decline, but we should spare a thought or two for Easterly Government Properties (NYSE: DEA) shareholders.After all, the specialty real estate investment trust (REIT) had two quite discouraging pieces of news to report. Largely because of that, at the end of the day's trading session Easterly stock had lost nearly 14% of its value.Just after market close on Wednesday, Easterly spilled the uncomfortable news that it was both enacting a reverse stock split and cutting its dividend. Continue reading
Few investors were happy with Thursday's stock market decline, but we should spare a thought or two for Easterly Government Properties (NYSE: DEA) shareholders.
After all, the specialty real estate investment trust (REIT) had two quite discouraging pieces of news to report. Largely because of that, at the end of the day's trading session Easterly stock had lost nearly 14% of its value.
Just after market close on Wednesday, Easterly spilled the uncomfortable news that it was both enacting a reverse stock split and cutting its dividend.
