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

Wall Street brokerages expect Government Properties Income Trust (NASDAQ:GOV) to announce sales of $105.44 million for the current quarter, according to Zacks. Three analysts have provided 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 would suggest a positive year over year growth rate of 52.2%. The business is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Government Properties Income Trust will report full year sales of $409.99 million for the current fiscal year, with estimates ranging from $406.30 million to $415.50 million. For the next financial year, analysts expect that the firm will report sales of $394.73 million per share, with estimates ranging from $364.36 million to $420.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Government Properties Income Trust.

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

Several equities analysts recently issued reports on GOV shares. BidaskClub lowered Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Jefferies Group reiterated a “sell” rating on shares of Government Properties Income Trust in a research report on Wednesday, April 4th. TheStreet lowered Government Properties Income Trust from a “c” rating to a “d+” rating in a research report on Monday, February 26th. Finally, ValuEngine lowered Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.17.

GOV traded up $0.12 on Thursday, hitting $12.51. 1,416,535 shares of the company were exchanged, compared to its average volume of 1,034,921. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 1.47. Government Properties Income Trust has a 12 month low of $11.87 and a 12 month high of $22.99. The firm has a market cap of $1,224.44, a price-to-earnings ratio of 6.19, a PEG ratio of 1.23 and a beta of 1.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, April 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.75%. Government Properties Income Trust’s dividend payout ratio is currently 85.15%.

Several hedge funds have recently modified their holdings of GOV. BlackRock Inc. lifted its stake in shares of Government Properties Income Trust by 0.6% in the 4th quarter. BlackRock Inc. now owns 9,356,557 shares of the real estate investment trust’s stock valued at $173,470,000 after purchasing an additional 53,404 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Government Properties Income Trust by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,649,317 shares of the real estate investment trust’s stock valued at $30,580,000 after purchasing an additional 128,699 shares during the period. Huber Capital Management LLC lifted its stake in shares of Government Properties Income Trust by 3.5% in the 4th quarter. Huber Capital Management LLC now owns 1,302,056 shares of the real estate investment trust’s stock valued at $24,140,000 after purchasing an additional 43,861 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Government Properties Income Trust by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,122 shares of the real estate investment trust’s stock valued at $22,188,000 after purchasing an additional 122,334 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Government Properties Income Trust by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 862,158 shares of the real estate investment trust’s stock valued at $15,984,000 after purchasing an additional 19,151 shares during the period. Hedge funds and other institutional investors own 59.22% of the company’s stock.

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About Government Properties Income Trust

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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

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