Analyst Rating Update on Government Properties Income Trust (GOV)

Government Properties Income Trust (NYSE:GOV) : Zacks Investment Research ranks Government Properties Income Trust (NYSE:GOV) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 3.08, which indicates as a Hold.

Government Properties Income Trust (NYSE:GOV) : The most positive equity analysts on Government Properties Income Trust (NYSE:GOV) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $16 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $18.38 with an expected fluctuation of $4.46 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, FBR Capital initiates coverage on Government Properties Income Trust (NYSE:GOV) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $25 per share. The rating by the firm was issued on June 16, 2016.

Government Properties Income Trust (NYSE:GOV): stock turned positive on Tuesday. Though the stock opened at $21.75, the bulls momentum made the stock top out at $22.48 level for the day. The stock recorded a low of $21.61 and closed the trading day at $22.39, in the green by 3.75%. The total traded volume for the day was 1,485,049. The stock had closed at $21.58 in the previous days trading.

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Companys properties are located in Alabama, Arizona, California, Florida, Kentucky, Massachusetts, New Jersey, New York, Texas, Washington and Wyoming. The Companys properties (64 buildings), with approximately 7.7 million rentable square feet, are primarily leased to the United States Government, 18 of those properties (24 buildings), with approximately 2.6 million rentable square feet primarily leased to 12 state governments, one of those properties (one building), with 187,060 Rentable square feet, is leased to the United Nations, an international intergovernmental organization, and three of those properties (three buildings), with 507,788 rentable square feet primarily leased to non-government tenants.

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