Government Properties Income Trust (GOV) : 4 analysts are covering Government Properties Income Trust (GOV) and their average rating on the stock is 3.08, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Government Properties Income Trust (GOV) : 4 investment research analysts covering Government Properties Income Trust (GOV) have an average price target of $18.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $16 for the short term. Analysts expect the variance to be within $4.46 of the average price.
Government Properties Income Trust (NYSE:GOV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.22 and $23.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.37, notching a gain of 0.21% for the day. The total traded volume was 744,358 . The stock had closed at $23.32 on the previous day.
Also, FBR Capital initiates coverage on Government Properties Income Trust (NYSE:GOV) . The global brokerage major announces a current price target of $25 per share. Analysts at the FBR Capital have a current rating of Outperform on the shares. The rating by the firm was issued on June 16, 2016.
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.