Brokerages Anticipate Government Properties Income Trust (GOV) Will Announce Quarterly Sales of $105.44 Million

Equities analysts forecast that Government Properties Income Trust (NASDAQ:GOV) will post sales of $105.44 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Government Properties Income Trust’s earnings, with the highest sales estimate coming in at $106.83 million and the lowest estimate coming in at $104.40 million. Government Properties Income Trust reported sales of $69.30 million during the same quarter last year, which indicates a positive year over year growth rate of 52.2%. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Government Properties Income Trust will report full-year sales of $105.44 million for the current year, with estimates ranging from $406.30 million to $414.39 million. For the next year, analysts forecast that the company will post sales of $394.06 million per share, with estimates ranging from $364.36 million to $418.12 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Government Properties Income Trust.

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Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The business had revenue of $107.17 million during the quarter, compared to analyst estimates of $107.56 million. Government Properties Income Trust had a net margin of 3.82% and a return on equity of 1.22%. The company’s revenue for the quarter was up 62.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS.

A number of research analysts have recently commented on GOV shares. BidaskClub cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. B. Riley set a $21.00 price target on Government Properties Income Trust and gave the company a “buy” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. ValuEngine cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reiterated a “sell” rating on shares of Government Properties Income Trust in a research note on Wednesday. Five analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Government Properties Income Trust presently has a consensus rating of “Hold” and an average price target of $18.33.

Shares of GOV stock traded down $0.20 during trading hours on Monday, reaching $12.28. The company’s stock had a trading volume of 1,195,718 shares, compared to its average volume of 1,028,071. The company has a market cap of $1,237.33, a PE ratio of 6.08, a P/E/G ratio of 1.23 and a beta of 1.10. Government Properties Income Trust has a fifty-two week low of $12.25 and a fifty-two week high of $22.99. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.47 and a current ratio of 1.47.

Large investors have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new position in Government Properties Income Trust during the 3rd quarter worth $168,000. Mutual Advisors LLC bought a new position in Government Properties Income Trust during the 4th quarter worth $194,000. Elkfork Partners LLC bought a new position in Government Properties Income Trust during the 4th quarter worth $228,000. Amalgamated Bank bought a new position in Government Properties Income Trust during the 3rd quarter worth $239,000. Finally, Wilen Investment Management CORP. bought a new position in Government Properties Income Trust during the 4th quarter worth $230,000. 59.28% 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.

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Earnings History and Estimates for Government Properties Income Trust (NASDAQ:GOV)

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