Government Properties Income Trust (GOV) Downgraded by BidaskClub

BidaskClub downgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a sell rating to a strong sell rating in a research note published on Saturday.

GOV has been the topic of several other research reports. ValuEngine downgraded shares of Government Properties Income Trust from a buy rating to a hold rating in a report on Friday, February 2nd. FBR & Co reaffirmed a buy rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Jefferies Group reaffirmed a sell rating and issued a $14.00 price target 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 report on Wednesday, January 3rd. Finally, B. Riley reaffirmed a buy rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ:GOV) opened at $16.10 on Friday. The company has a market cap of $1,600.00, a PE ratio of 29.27, a P/E/G ratio of 1.50 and a beta of 0.95. Government Properties Income Trust has a fifty-two week low of $15.63 and a fifty-two week high of $22.99. The company has a current ratio of 9.44, a quick ratio of 9.44 and a debt-to-equity ratio of 1.52.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, January 29th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.68%. The ex-dividend date is Friday, January 26th. Government Properties Income Trust’s dividend payout ratio is presently 312.73%.

Several large investors have recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new position in shares of Government Properties Income Trust in the fourth quarter valued at approximately $1,205,000. MetLife Investment Advisors LLC acquired a new position in shares of Government Properties Income Trust in the fourth quarter valued at approximately $832,000. Eii Capital Management Inc. acquired a new position in shares of Government Properties Income Trust in the fourth quarter valued at approximately $279,000. LPL Financial LLC raised its position in shares of Government Properties Income Trust by 61.5% in the fourth quarter. LPL Financial LLC now owns 173,767 shares of the real estate investment trust’s stock valued at $3,222,000 after buying an additional 66,178 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Government Properties Income Trust in the fourth quarter valued at approximately $640,000. 59.38% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Government Properties Income Trust (GOV) Downgraded by BidaskClub” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/20/government-properties-income-trust-gov-downgraded-by-bidaskclub.html.

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.

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