Government Properties Income Trust (NASDAQ:GOV) Downgraded to Strong Sell at BidaskClub

Government Properties Income Trust (NASDAQ:GOV) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday, February 17th.

Other equities research analysts have also recently issued reports about the company. ValuEngine cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group reaffirmed a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “buy” rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.75.

Government Properties Income Trust (GOV) opened at $15.83 on Friday. Government Properties Income Trust has a twelve month low of $15.39 and a twelve month high of $22.99. The company has a market capitalization of $1,590.00, a P/E ratio of 28.78, a P/E/G ratio of 1.46 and a beta of 0.95. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52.

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Government Properties Income Trust by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 55,002 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 692 shares during the period. Nationwide Fund Advisors boosted its holdings in Government Properties Income Trust by 2.9% during the second quarter. Nationwide Fund Advisors now owns 46,009 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Government Properties Income Trust by 1.2% during the second quarter. Teachers Advisors LLC now owns 126,171 shares of the real estate investment trust’s stock worth $2,310,000 after buying an additional 1,541 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Government Properties Income Trust by 3.8% during the second quarter. New York State Common Retirement Fund now owns 76,400 shares of the real estate investment trust’s stock worth $1,399,000 after buying an additional 2,799 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Government Properties Income Trust by 43.8% during the third quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 59.38% of the company’s stock.

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Government Properties Income Trust Company Profile

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates through two 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 areas, including Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, New Jersey and New Mexico.

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

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