Reported 2 days ago
Easterly Government Properties reported quarterly results that aligned with expectations, yet the stock fell 3% as investors reacted negatively to recent corporate decisions, including a 32% dividend cut and a reverse stock split. The company's performance was impacted by concerns over federal spending cuts driven by the Department of Government Efficiency. Although there's potential for long-term gains, investors may wish to remain cautious following the significant stock price drop earlier this month.
Source: YAHOO