ValuEngine Upgrades Government Properties Income Trust (GOV) to “Buy”

ValuEngine upgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued research reports about the stock. Jefferies Group restated a sell rating and issued a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Government Properties Income Trust from a sell rating to a hold rating in a research note on Tuesday, August 29th. DA Davidson started coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They issued a neutral rating and a $20.00 price target for the company. Morgan Stanley reaffirmed an underweight rating and issued a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Government Properties Income Trust from a hold rating to a buy rating in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $18.75.

Shares of Government Properties Income Trust (NASDAQ GOV) opened at $18.76 on Friday. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. The firm has a market cap of $1,865.93, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a net margin of 15.30% and a return on equity of 4.27%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. equities research analysts expect that Government Properties Income Trust will post 2.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.17%. The ex-dividend date was Friday, October 20th. Government Properties Income Trust’s payout ratio is presently 318.52%.

A number of hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. boosted its stake in Government Properties Income Trust by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 800 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Government Properties Income Trust by 70.1% in the second quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 3,226 shares during the last quarter. Flinton Capital Management LLC boosted its stake in Government Properties Income Trust by 70.1% in 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 acquiring an additional 3,264 shares during the last quarter. SG Americas Securities LLC purchased a new position in Government Properties Income Trust in the second quarter valued at about $145,000. Finally, Schroder Investment Management Group purchased a new position in Government Properties Income Trust in the third quarter valued at about $168,000. 58.31% of the stock is owned by institutional investors and hedge funds.

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About Government Properties Income Trust

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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