Government Properties Income Trust (GOV) Receives a Sell from Jefferies


Jefferies analyst Jonathan Petersen reiterated a Sell rating on Government Properties Income Trust (GOV) yesterday and set a price target of $7. The company’s shares closed yesterday at $8.59, close to its 52-week low of $8.41.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.3% and a 69.5% success rate. Petersen covers the Financial sector, focusing on stocks such as First Industrial Realty Trust, Office Properties Trust, and Highwoods Properties.

The word on The Street in general, suggests a Hold analyst consensus rating for Government Properties Income Trust with a $10.75 average price target, implying a 25.1% upside from current levels. In a report issued on November 19, RBC Capital also reiterated a Sell rating on the stock with a $8 price target.

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The company has a one-year high of $19.05 and a one-year low of $8.41. Currently, Government Properties Income Trust has an average volume of 2.28M.

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Government Properties Income Trust operates as a real estate investment trust, which engages in the business of owning and maintaining properties. It operates through thefollowing business segments: Investment in Real Estate, Investment in SIR, and Corporate. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

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