Equities research analysts forecast that Government Properties Income Trust (NASDAQ:GOV) will report earnings of $0.54 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Government Properties Income Trust’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. Government Properties Income Trust posted earnings of $0.17 per share during the same quarter last year, which would suggest a positive year over year growth rate of 217.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Government Properties Income Trust will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.06 to $2.12. For the next financial year, analysts anticipate that the company will post earnings of $2.13 per share, with EPS estimates ranging from $1.97 to $2.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Government Properties Income Trust.
Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business had revenue of $70.18 million for the quarter, compared to analyst estimates of $69.80 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
GOV has been the topic of several recent research reports. Zacks Investment Research upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley reiterated an “underweight” rating and issued a $18.00 price target (down previously from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Jefferies Group reiterated a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a report on Thursday, September 21st. DA Davidson initiated coverage on Government Properties Income Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.75.
Government Properties Income Trust (GOV) traded down $0.01 during midday trading on Tuesday, reaching $18.17. The company had a trading volume of 463,892 shares, compared to its average volume of 796,813. Government Properties Income Trust has a fifty-two week low of $17.36 and a fifty-two week high of $22.99. The firm has a market capitalization of $1,799.50, a PE ratio of 33.65, a P/E/G ratio of 1.74 and a beta of 1.05. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52.
Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Government Properties Income Trust during the second quarter worth $228,000. Dynamic Technology Lab Private Ltd bought a new stake in Government Properties Income Trust during the second quarter worth $348,000. LSV Asset Management lifted its holdings in Government Properties Income Trust by 27.7% during the second quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after acquiring an additional 344,000 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Government Properties Income Trust by 12.9% during the second quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock worth $4,032,000 after acquiring an additional 25,162 shares during the period. Finally, US Bancorp DE lifted its holdings in Government Properties Income Trust by 2,966.7% during the second quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 17,385 shares during the period. Institutional investors own 58.18% of the company’s stock.
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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.
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