Brokerage Firm Rating Update on Government Properties Income Trust (GOV)

Government Properties Income Trust (GOV) : Zacks Investment Research ranks Government Properties Income Trust (GOV) as 3, which is a Hold 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 2 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 4 research analysts is 3.33, which indicates as a Hold.

Government Properties Income Trust (GOV) : The highest short term price target forecast on Government Properties Income Trust (GOV) is $27 and the lowest target price is $16. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $19.25 with a standard deviation of $5.19.


The shares have received a consensus rating of Sell for the current week Also, Jefferies downgrades their rating on the shares of Government Properties Income Trust (NYSE:GOV). The current rating of the shares is Underperform. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 19, 2016.

Government Properties Income Trust (NYSE:GOV): The stock opened at $24.22 and touched an intraday high of $24.61 on Wednesday. During the day, the stock corrected to an intraday low of $24.04, however, the bulls stepped in and pushed the price higher to close in the green at $24.6 with a gain of 2.16% for the day. The total traded volume for the day was 651,896. The stock had closed at $24.08 in the previous trading session.

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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