NYSE:DEA - New York Stock Exchange, Inc. - US27616P1030 - REIT - Currency: USD
Usually, a dividend cut is a sign of big trouble, but this one could be for the right reasons.
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. 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.
Investment bank Piper Sandler today cut its price target on Amazon (AMZN) to $215 from $265 but kept an Overweight rating on the name. Piper expects the tech giant to provide fairly upbeat guidance when it reports its first-quarter results within the next few weeks. A Look at Piper’s Estimates for AMZN Piper expects Amazon […]