FBR Capital Initiates Coverage on Government Properties Income Trust to Outperform

FBR Capital Initiates Coverage on Government Properties Income Trust(NYSE:GOV). The shares have been rated Outperform. The rating by FBR Capital was issued on Jun 16, 2016.

Government Properties Income Trust (GOV) made into the market gainers list on Tuesdays trading session with the shares advancing 1.03% or 0.21 points. Due to strong positive momentum, the stock ended at $20.66, which is also near the day’s high of $20.74. The stock began the session at $20.5 and the volume stood at 4,66,760 shares. The 52-week high of the shares is $20.77 and the 52 week low is $12.33. The company has a current market capitalization of $1,469 M and it has 7,11,26,308 shares in outstanding.

Government Properties Income Trust(GOV) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $63.61M. Analysts had an estimated revenue of $62.64M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.60.

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 Company’s properties are located in Alabama Arizona California Florida Kentucky Massachusetts New Jersey New York Texas Washington and Wyoming. The Company’s 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 187060 Rentable square feet is leased to the United Nations an international intergovernmental organization and three of those properties (three buildings) with 507788 rentable square feet primarily leased to non-government tenants.

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