Analysts Set Government Properties Income Trust (GOV) Price Target at $18.40

Government Properties Income Trust (NYSE:GOV) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.40.

A number of research analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Government Properties Income Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $20.00 target price for the company. Zacks Investment Research lowered shares of 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 issued a $14.00 target price on shares of Government Properties Income Trust in a report on Thursday, September 21st. BidaskClub raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/analysts-set-government-properties-income-trust-gov-price-target-at-18-40.html.

Shares of Government Properties Income Trust (NYSE:GOV) traded up 1.00% during midday trading on Tuesday, hitting $18.14. 504,467 shares of the stock were exchanged. The firm has a 50-day moving average of $18.73 and a 200-day moving average of $19.81. The company has a market capitalization of $1.74 billion, a P/E ratio of 30.64 and a beta of 1.04. Government Properties Income Trust has a 1-year low of $17.36 and a 1-year high of $22.99.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 9.48%. The ex-dividend date is Friday, October 20th. Government Properties Income Trust’s payout ratio is -76.11%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOV. Daiwa Securities Group Inc. boosted its stake in Government Properties Income Trust by 14.3% during the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 800 shares during the period. Riverhead Capital Management LLC boosted its stake in Government Properties Income Trust by 70.1% during the second quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 3,226 shares during the period. SG Americas Securities LLC purchased a new position in Government Properties Income Trust during the second quarter worth $145,000. Flinton Capital Management LLC boosted its stake in shares of Government Properties Income Trust by 70.1% during the second quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 3,264 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of Government Properties Income Trust by 40.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 8,610 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 2,474 shares during the period.

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)

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply