Government Properties Income Trust Price Target Cut to $22.00 (GOV)
Analysts at Jefferies Group reduced their price objective on shares of Government Properties Income Trust (NYSE:GOV) from $22.50 to $22.00 in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential downside of 9.32% from the company’s current price.
A number of other firms have also recently commented on GOV. Analysts at RBC Capital downgraded shares of Government Properties Income Trust (NYSE:GOV) from a “sector perform” rating to an “underperform” rating in a research note to investors on Monday, August 5th. They now have a $23.00 price target on the stock, down previously from $25.00.
Government Properties Income Trust (NYSE:GOV) traded up 2.80% during mid-day trading on Wednesday, hitting $24.26. The stock had a trading volume of 719,848 shares. Government Properties Income Trust has a 52 week low of $21.95 and a 52 week high of $27.34. The stock’s 50-day moving average is $23.98 and its 200-day moving average is $25.22. The company has a market cap of $1.326 billion and a P/E ratio of 19.06.
Government Properties Income Trust (NYSE:GOV) last announced its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $57.30 million for the quarter, compared to the consensus estimate of $58.07 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that Government Properties Income Trust will post $2.14 earnings per share for the current fiscal year.
Government Properties Income Trust (NYSE:GOV) is a real estate investment trust (REIT).
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