Government Properties Income Trust (GOV) Receives Buy Rating from B. Riley

B. Riley reiterated their buy rating on shares of Government Properties Income Trust (NYSE:GOV) in a report released on Wednesday.

GOV has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Government Properties Income Trust from a sell rating to a hold rating in a research note on Tuesday, August 29th. DA Davidson started coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They set a neutral rating and a $20.00 target price for the company. Jefferies Group LLC reiterated a sell rating and set a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. Morgan Stanley reiterated an underweight rating and set a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Government Properties Income Trust from a hold rating to a buy rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $18.75.

Government Properties Income Trust (NYSE:GOV) traded down $0.14 during mid-day trading on Wednesday, reaching $18.43. Government Properties Income Trust has a one year low of $17.36 and a one year high of $22.99.

Government Properties Income Trust (NYSE:GOV) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $70.18 million for the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. Government Properties Income Trust’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.

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The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, October 20th. This represents a $1.72 dividend on an annualized basis and a yield of 9.33%.

Large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in shares of Government Properties Income Trust by 14.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Government Properties Income Trust by 70.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 3,226 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Government Properties Income Trust in the 2nd quarter worth $145,000. Flinton Capital Management LLC increased its stake in shares of Government Properties Income Trust by 70.1% in the 2nd quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in shares of Government Properties Income Trust by 294.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 8,045 shares of the real estate investment trust’s stock worth $927,000 after purchasing an additional 6,008 shares in the last quarter.

Government Properties Income Trust Company Profile

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.

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