Government Properties Income Trust (GOV) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Government Properties Income Trust (NASDAQ:GOV) from a hold rating to a sell rating in a report published on Thursday.

A number of other analysts have also recently issued reports on the company. B. Riley reissued a buy rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. Zacks Investment Research cut Government Properties Income Trust from a hold rating to a sell rating in a research note on Monday, October 9th. Jefferies Group reissued a sell rating and set a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. FBR & Co reissued a buy rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. Finally, ValuEngine raised Government Properties Income Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Government Properties Income Trust currently has an average rating of Hold and an average target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ:GOV) traded down $0.13 during trading hours on Thursday, hitting $17.69. 499,169 shares of the company were exchanged, compared to its average volume of 748,789. The firm has a market cap of $1,700.00, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. Government Properties Income Trust has a 1-year low of $17.36 and a 1-year high of $22.99.

Government Properties Income Trust (NASDAQ:GOV) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $69.80 million. During the same period in the previous year, the company posted $0.54 earnings per share. Government Properties Income Trust’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts anticipate that Government Properties Income Trust will post 2.09 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Government Properties Income Trust by 20.7% during the 2nd quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock worth $319,052,000 after acquiring an additional 2,989,467 shares in the last quarter. State Street Corp grew its stake in shares of Government Properties Income Trust by 8.4% during the 2nd quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock worth $36,885,000 after acquiring an additional 156,443 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Government Properties Income Trust by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,520,618 shares of the real estate investment trust’s stock worth $28,541,000 after acquiring an additional 70,555 shares in the last quarter. Northern Trust Corp grew its stake in shares of Government Properties Income Trust by 16.3% during the 2nd quarter. Northern Trust Corp now owns 1,328,007 shares of the real estate investment trust’s stock worth $24,316,000 after acquiring an additional 186,278 shares in the last quarter. Finally, Forward Management LLC grew its stake in shares of Government Properties Income Trust by 13.9% during the 3rd quarter. Forward Management LLC now owns 1,196,300 shares of the real estate investment trust’s stock worth $22,455,000 after acquiring an additional 146,300 shares in the last quarter. 58.18% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Government Properties Income Trust (GOV) Lowered to Sell at BidaskClub” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/15/government-properties-income-trust-gov-lowered-to-sell-at-bidaskclub-2.html.

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 (NASDAQ: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