Government Properties Income Trust (GOV) PT Set at $15.00 by B. Riley

B. Riley set a $15.00 price objective on Government Properties Income Trust (NASDAQ:GOV) in a research report released on Friday. The firm currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. ValuEngine upgraded Government Properties Income Trust from a strong sell rating to a sell rating in a research report on Wednesday, August 15th. Royal Bank of Canada set a $14.00 price objective on Government Properties Income Trust and gave the company a sell rating in a research report on Wednesday, August 8th. TheStreet upgraded Government Properties Income Trust from a d+ rating to a c rating in a research report on Friday, August 3rd. Bank of America boosted their price objective on Government Properties Income Trust from $12.50 to $14.00 and gave the company an underperform rating in a research report on Monday, August 13th. Finally, BidaskClub downgraded Government Properties Income Trust from a buy rating to a hold rating in a research report on Wednesday, July 25th. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Government Properties Income Trust presently has a consensus rating of Hold and a consensus target price of $13.20.

Shares of GOV traded down $0.43 on Friday, hitting $8.94. The company’s stock had a trading volume of 2,323,972 shares, compared to its average volume of 2,846,993. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.73. Government Properties Income Trust has a fifty-two week low of $8.44 and a fifty-two week high of $19.05. The firm has a market capitalization of $886.54 million, a PE ratio of 4.26, a P/E/G ratio of 0.90 and a beta of 1.37.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Government Properties Income Trust had a return on equity of 0.64% and a net margin of 4.14%. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $103.90 million. During the same period in the previous year, the firm earned $0.41 EPS. Government Properties Income Trust’s quarterly revenue was up 51.2% compared to the same quarter last year. Equities research analysts predict that Government Properties Income Trust will post 1.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Monday, October 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 19.24%. The ex-dividend date of this dividend is Friday, October 26th. Government Properties Income Trust’s dividend payout ratio (DPR) is currently 85.15%.

A number of large investors have recently added to or reduced their stakes in GOV. Rehmann Capital Advisory Group boosted its position in Government Properties Income Trust by 243.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 5,323 shares during the last quarter. Private Advisor Group LLC acquired a new position in Government Properties Income Trust during the 3rd quarter worth approximately $134,000. Engineers Gate Manager LP acquired a new position in Government Properties Income Trust during the 3rd quarter worth approximately $146,000. Allianz Asset Management GmbH acquired a new position in Government Properties Income Trust during the 1st quarter worth approximately $149,000. Finally, Independent Advisor Alliance acquired a new position in Government Properties Income Trust during the 2nd quarter worth approximately $160,000. 57.95% of the stock is 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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Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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