Government Properties Income Trust (GOV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Government Properties Income Trust (NASDAQ:GOV) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.83.

A number of brokerages recently issued reports on GOV. Royal Bank of Canada restated a “sell” rating and issued a $8.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, November 20th. BidaskClub lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. DA Davidson raised their target price on Government Properties Income Trust from $3.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, December 21st. Finally, FBR & Co set a $23.00 target price on Government Properties Income Trust and gave the stock a “buy” rating in a research note on Thursday, December 20th.

Shares of Government Properties Income Trust stock traded up $0.34 during trading on Friday, reaching $28.83. The company’s stock had a trading volume of 454,377 shares, compared to its average volume of 2,871,847. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.95 and a beta of 1.50. Government Properties Income Trust has a 1-year low of $6.54 and a 1-year high of $18.70.



Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOV. BlackRock Inc. raised its stake in shares of Government Properties Income Trust by 15.1% during the 4th quarter. BlackRock Inc. now owns 15,652,107 shares of the real estate investment trust’s stock valued at $107,531,000 after buying an additional 2,047,495 shares during the last quarter. Norges Bank purchased a new position in shares of Government Properties Income Trust during the 4th quarter valued at about $8,805,000. Manikay Partners LLC purchased a new position in shares of Government Properties Income Trust during the 4th quarter valued at about $7,261,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Government Properties Income Trust during the 3rd quarter valued at about $9,717,000. Finally, Principal Financial Group Inc. raised its stake in shares of Government Properties Income Trust by 94.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,556,811 shares of the real estate investment trust’s stock valued at $10,695,000 after buying an additional 756,112 shares during the last quarter. Institutional investors and hedge funds own 63.45% of the company’s stock.

About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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