From Nasdaq: 2025-04-10 19:30:00

Investors were not pleased with the stock market decline, especially Easterly Government Properties (NYSE: DEA) shareholders, as the specialty REIT saw a nearly 14% drop in its stock value due to news of a reverse stock split and dividend cut. The reverse split will be at a 1-to-2.5 ratio, reducing the dividend by almost $0.09 per share. CEO Darrell Crate tried to spin the news positively, but the company now needs to prove to the market that these actions will benefit its business. The Motley Fool’s analyst team did not include Easterly Government Properties in their list of the 10 best stocks to buy, highlighting potential for other stocks to produce high returns.



Read more at Nasdaq: Why Investors Were Bailing on Easterly Government Properties Stock Today