Government Properties Income Trust (GOV) Given Average Rating of “Hold” by Brokerages

Government Properties Income Trust (NASDAQ:GOV) has received an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.75.

GOV has been the topic of a number of analyst reports. BidaskClub cut shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. Zacks Investment Research cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. TheStreet cut shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Monday, February 26th. ValuEngine cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “sell” rating on shares of Government Properties Income Trust in a research note on Wednesday, April 4th.

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A number of institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in Government Properties Income Trust by 6.6% during the third quarter. Janney Montgomery Scott LLC now owns 49,649 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 3,080 shares during the last quarter. Schroder Investment Management Group grew its stake in Government Properties Income Trust by 40.5% during the fourth quarter. Schroder Investment Management Group now owns 12,676 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 3,656 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Government Properties Income Trust by 9.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 42,700 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 3,700 shares during the last quarter. Strs Ohio grew its stake in Government Properties Income Trust by 2.8% during the fourth quarter. Strs Ohio now owns 149,777 shares of the real estate investment trust’s stock worth $2,776,000 after buying an additional 4,079 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its stake in Government Properties Income Trust by 38.1% during the third quarter. AMP Capital Investors Ltd now owns 15,224 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 4,200 shares during the last quarter. 59.27% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GOV opened at $12.39 on Tuesday. The stock has a market capitalization of $1,214.53, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. Government Properties Income Trust has a twelve month low of $11.87 and a twelve 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.

Government Properties Income Trust (NASDAQ:GOV) last posted 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 the consensus estimate of $107.56 million. Government Properties Income Trust had a net margin of 3.82% and a return on equity of 1.22%. The business’s revenue was up 62.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. research analysts anticipate that Government Properties Income Trust will post 2.03 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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