Government Properties Income Trust (GOV) Expected to Post Earnings of $0.50 Per Share

Analysts predict that Government Properties Income Trust (NASDAQ:GOV) will report earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Government Properties Income Trust’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.49. Government Properties Income Trust reported earnings per share of $0.42 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The company is expected to issue its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Government Properties Income Trust will report full-year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.04. For the next financial year, analysts anticipate that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.91 to $1.98. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $108.10 million for the quarter, compared to the consensus estimate of $105.95 million. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. The business’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share.

Several analysts have recently weighed in on the stock. TheStreet raised shares of Government Properties Income Trust from a “d+” rating to a “c” rating in a report on Friday, August 3rd. BidaskClub downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine raised shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Bank of America boosted their price objective on shares of Government Properties Income Trust from $12.50 to $14.00 and gave the stock an “underperform” rating in a report on Monday, August 13th. Finally, B. Riley boosted their price objective on shares of Government Properties Income Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Six analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.

Shares of NASDAQ:GOV traded down $0.46 during midday trading on Friday, hitting $9.73. The stock had a trading volume of 2,914,260 shares, compared to its average volume of 1,250,651. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.12 and a beta of 1.26. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.67. Government Properties Income Trust has a 1 year low of $9.16 and a 1 year high of $19.60.

A number of hedge funds have recently added to or reduced their stakes in GOV. Rehmann Capital Advisory Group boosted its holdings in Government Properties Income Trust by 243.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 5,323 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Government Properties Income Trust during the first quarter worth about $148,000. Allianz Asset Management GmbH acquired a new position in Government Properties Income Trust during the first quarter worth about $149,000. Independent Advisor Alliance acquired a new position in Government Properties Income Trust during the second quarter worth about $160,000. Finally, HighPoint Advisor Group LLC acquired a new position in Government Properties Income Trust during the second quarter worth about $168,000. 58.23% of the stock is currently owned by hedge funds and other institutional investors.

Government Properties Income Trust Company Profile

Government Properties Income Trust 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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