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Fly News Breaks for January 16, 2020
VNO, DEA
Jan 16, 2020 | 07:02 EDT
SunTrust analyst Ki Bin Kim downgraded Easterly Government Properties (DEA) to Hold from Buy. The analyst notes that the REIT was the best performing stock in his office coverage in 2019, but now sees only 1% in normalized FFO per share growth over the next two years. Kim adds that only Vornado (VNO) trades at a higher 2020 FFO multiple than Easterly Government Properties.
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