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Easterly Government Properties rises after BMO upgrades to 'market perform'

ReutersJul 16, 2025 10:32 AM

Shares of commercial real estate investment trust Easterly Government Properties DEA.N rises about 6% to $24 premarket

BMO upgrades rating to 'market perform' from 'underperform'; lifts PT to $25 from $24

New PT shows upside of 9.4% to stock's last close

BMO says co is pursuing growth through acquisitions and new leases, generating additional cashflow for reinvestment after dividend cut, while maintaining an attractive yield

Adds co keeps its properties well-leased with reliable tenants, mostly backed by U.S. government and plans to nearly double its rental income

Lifts 2026 fund from operation forecast to $3.13/unit from $3.09/unit

Average of seven brokerges rate stock equivalent to 'hold', median PT is $24.25 - data compiled by LSEG

As of last close, stock down 19.5% YTD

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