BidaskClub Upgrades Government Properties Income Trust (GOV) to Hold

BidaskClub upgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a sell rating to a hold rating in a research note released on Thursday morning.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Government Properties Income Trust from a hold rating to a sell rating in a research report on Wednesday. ValuEngine downgraded Government Properties Income Trust from a sell rating to a strong sell rating in a research report on Wednesday, May 2nd. TheStreet downgraded 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 target on Government Properties Income Trust and gave the stock a buy rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley reaffirmed a sell rating on shares of Government Properties Income Trust in a research report on Monday, April 16th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $17.17.

Government Properties Income Trust opened at $14.23 on Thursday, MarketBeat reports. Government Properties Income Trust has a twelve month low of $11.87 and a twelve month high of $22.99. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 1.43 and a beta of 1.10.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Government Properties Income Trust had a return on equity of 0.87% and a net margin of 3.16%. The firm had revenue of $108.70 million during the quarter, compared to the consensus estimate of $106.11 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The business’s revenue was up 56.9% on a year-over-year basis. sell-side analysts forecast that Government Properties Income Trust will post 1.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, April 30th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.09%. The ex-dividend date of this dividend was Friday, April 27th. Government Properties Income Trust’s dividend payout ratio is currently 85.15%.

Several institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group raised its stake in shares of Government Properties Income Trust by 40.5% during the 4th quarter. Schroder Investment Management Group now owns 12,676 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 3,656 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Government Properties Income Trust by 9.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 42,700 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 3,700 shares in the last quarter. Strs Ohio raised its stake in shares of Government Properties Income Trust by 2.8% during the 4th quarter. Strs Ohio now owns 149,777 shares of the real estate investment trust’s stock worth $2,776,000 after purchasing an additional 4,079 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Government Properties Income Trust by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 133,144 shares of the real estate investment trust’s stock worth $1,818,000 after purchasing an additional 4,326 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in shares of Government Properties Income Trust by 43.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,585 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 57.87% of the company’s stock.

Government Properties Income Trust Company Profile

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.

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

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