Stock analysts at DA Davidson assumed coverage on shares of Government Properties Income Trust (NYSE:GOV) in a report released on Friday. The firm set a “neutral” rating and a $20.00 price target on the real estate investment trust’s stock. DA Davidson’s target price suggests a potential upside of 6.55% from the company’s current price.

GOV has been the subject of several other reports. Zacks Investment Research cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Jefferies Group LLC reissued a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a report on Thursday, September 21st. Morgan Stanley reissued an “underweight” rating and set a $18.00 price objective (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Finally, FBR & Co reissued an “outperform” rating and set a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.

Government Properties Income Trust (GOV) opened at 18.77 on Friday. Government Properties Income Trust has a 52 week low of $18.56 and a 52 week high of $18.83.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million during the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, equities analysts expect that Government Properties Income Trust will post $0.45 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Government Properties Income Trust by 20.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock valued at $319,052,000 after acquiring an additional 2,989,467 shares during the last quarter. BlackRock Inc. increased its stake in shares of Government Properties Income Trust by 9,060.9% in the 1st quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock valued at $154,305,000 after acquiring an additional 7,292,039 shares during the last quarter. State Street Corp increased its stake in shares of Government Properties Income Trust by 8.4% in the 2nd quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock valued at $36,885,000 after acquiring an additional 156,443 shares during the last quarter. LSV Asset Management increased its stake in shares of Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock valued at $29,017,000 after acquiring an additional 344,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Government Properties Income Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,450,063 shares of the real estate investment trust’s stock valued at $26,551,000 after acquiring an additional 165,231 shares during the last quarter.

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 (NYSE:GOV)

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