Jefferies Starts Easterly Government Properties (DEA) at Buy

Jefferies initiates coverage on Easterly Government Properties (NYSE: DEA) with a Buy rating and a price target of $22.00.

Analyst Jonathan Petersen commented, "We expect DEA’s focus on a specific subset of federal government leased properties will result in more stable and predictable earnings, relative to Office REIT peers. Growth is driven through acquisitions in a niche market with a total value of $20B. Finally, given the counter-cyclical nature of government expansion, DEA should improve risk-adjusted returns in a diversified REIT portfolio. Jefferies was book manager in DEA's June 2016 equity offering."

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 $18.40 yesterday.

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