Government Properties Income Trust to Post FY2017 Earnings of $2.10 Per Share, B. Riley Forecasts (GOV)

Government Properties Income Trust (NYSE:GOV) – Equities researchers at B. Riley issued their FY2017 earnings per share (EPS) estimates for shares of Government Properties Income Trust in a research note issued to investors on Wednesday. B. Riley analyst B. Maher anticipates that the real estate investment trust will earn $2.10 per share for the year. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Government Properties Income Trust’s Q4 2017 earnings at $0.56 EPS, Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.31 EPS and FY2019 earnings at $2.34 EPS.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The firm had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. During the same period in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/11/06/government-properties-income-trust-to-post-fy2017-earnings-of-2-10-per-share-b-riley-forecasts-gov.html.

Several other brokerages have also recently weighed in on GOV. Zacks Investment Research cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Morgan Stanley restated an “underweight” rating and issued a $18.00 price objective (down previously from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. FBR & Co restated a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Finally, Jefferies Group LLC restated a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.75.

Government Properties Income Trust (NYSE:GOV) opened at $18.43 on Monday. Government Properties Income Trust has a 1-year low of $17.36 and a 1-year high of $22.99.

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in Government Properties Income Trust by 89.2% during the third quarter. BNP Paribas Arbitrage SA now owns 100,327 shares of the real estate investment trust’s stock worth $1,883,000 after purchasing an additional 47,292 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in Government Properties Income Trust by 5.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 483,003 shares of the real estate investment trust’s stock worth $9,066,000 after purchasing an additional 24,385 shares during the period. Advantus Capital Management Inc grew its holdings in Government Properties Income Trust by 7.6% during the third quarter. Advantus Capital Management Inc now owns 53,800 shares of the real estate investment trust’s stock worth $1,010,000 after purchasing an additional 3,800 shares during the period. Swiss National Bank grew its holdings in Government Properties Income Trust by 35.2% during the third quarter. Swiss National Bank now owns 162,600 shares of the real estate investment trust’s stock worth $3,052,000 after purchasing an additional 42,300 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Government Properties Income Trust by 43.8% during the third quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 2,800 shares during the period.

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

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.

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

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