Government Properties Income Trust (GOV) to Post Q3 2018 Earnings of $0.43 Per Share, Jefferies Group Forecasts

Government Properties Income Trust (NASDAQ:GOV) – Equities researchers at Jefferies Group issued their Q3 2018 earnings per share estimates for Government Properties Income Trust in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst J. Petersen anticipates that the real estate investment trust will post earnings per share of $0.43 for the quarter. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for Government Properties Income Trust’s FY2018 earnings at $1.84 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.69 EPS.

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Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The firm had revenue of $107.17 million for the quarter, compared to the consensus estimate of $107.56 million. Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. 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 earned $0.58 earnings per share.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. TheStreet cut shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research report on Monday, February 26th. B. Riley set a $21.00 price objective on shares of Government Properties Income Trust and gave the company a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research report on Tuesday, February 27th. Finally, BidaskClub cut shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.33.

GOV opened at $12.28 on Friday. The firm has a market capitalization of $1,237.33, a P/E ratio of 6.08, a P/E/G ratio of 1.23 and a beta of 1.10. Government Properties Income Trust has a 12 month low of $12.25 and a 12 month high of $22.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.70.

A number of institutional investors and hedge funds have recently bought and sold shares of GOV. Renaissance Technologies LLC lifted its position in Government Properties Income Trust by 1,207.0% during the 4th quarter. Renaissance Technologies LLC now owns 541,100 shares of the real estate investment trust’s stock worth $10,032,000 after buying an additional 499,700 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Government Properties Income Trust during the 4th quarter worth about $3,569,000. Deutsche Bank AG lifted its position in Government Properties Income Trust by 79.2% during the 4th quarter. Deutsche Bank AG now owns 304,951 shares of the real estate investment trust’s stock worth $5,652,000 after buying an additional 134,818 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Government Properties Income Trust by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,649,317 shares of the real estate investment trust’s stock worth $30,580,000 after buying an additional 128,699 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Government Properties Income Trust by 29.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 558,677 shares of the real estate investment trust’s stock worth $10,487,000 after buying an additional 126,368 shares in the last quarter. 59.28% of the stock is currently 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.

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

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