RBC Capital Lowers Estimates on Easterly Government Properties 
<p>RBC Capital analysts updated their estimates and lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/DEA'>Easterly Government Properties, Inc. (NYSE:DEA)</a> to $20 from $21 to reflect the recent Q2/22 earnings results.</p>
<p>The analysts believe the company will continue to deliver consistent and modest organic growth, but investment trends should moderate given the recent increase in both the company's debt and equity capital costs. </p>
<p>The analysts reiterated their funds from operations (FFO) per share estimate at $1.34 in 2022 and lowered their estimates to $1.36 in 2023 and $1.37 in 2024. Reduced 2023 and 2024 estimates were largely driven by a more modest investment outlook due to higher capital costs.</p>

NYSE:DEA