GMH Communities Trust "outperform," estimates reduced

03/01/05 - Raymond James

NEW YORK, March 1 (newratings.com) - Analyst William A Crow of Raymond James maintains his "outperform" rating on GMH Communities Trust (GCT), while reducing his estimates for the company. The target price is set to $14.

In a research note published yesterday, the analyst mentions that the company reported its 4Q04 FFO per share short of the estimates. GMH Communities Trust’s share price declined 5% on news of the company’s disappointing guidance for 2005, the analyst says. GMH Communities Trust's acquisition pipeline is robust and the performance of the company's core operations in the student housing and military housing sectors is healthy, Raymond James adds. The FFO per share estimate for 2005 has been reduced from $0.91 to $0.89.