Government Properties Income Trust (GOV) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Government Properties Income Trust is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT). “

Other equities research analysts have also issued research reports about the company. B. Riley reaffirmed a buy rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. FBR & Co reaffirmed a buy rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. BidaskClub raised Government Properties Income Trust from a sell rating to a hold rating in a research note on Friday, December 15th. ValuEngine raised Government Properties Income Trust from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, Jefferies Group reaffirmed a sell rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Government Properties Income Trust presently has a consensus rating of Hold and a consensus target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ GOV) opened at $17.84 on Wednesday. Government Properties Income Trust has a 52 week low of $17.36 and a 52 week high of $22.99. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1,710.00, a P/E ratio of 32.44, a P/E/G ratio of 1.67 and a beta of 1.06.

Government Properties Income Trust (NASDAQ:GOV) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Government Properties Income Trust had a net margin of 15.30% and a return on equity of 4.27%. The company had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.80 million. During the same period in the previous year, the company posted $0.54 EPS. Government Properties Income Trust’s quarterly revenue was up 8.8% compared to the same quarter last year. equities analysts forecast that Government Properties Income Trust will post 2.09 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in Government Properties Income Trust by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,002 shares of the real estate investment trust’s stock valued at $1,008,000 after acquiring an additional 692 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Government Properties Income Trust by 2.9% in the 2nd quarter. Nationwide Fund Advisors now owns 46,009 shares of the real estate investment trust’s stock valued at $842,000 after acquiring an additional 1,300 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Government Properties Income Trust by 5.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 30,359 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 1,499 shares during the last quarter. Teachers Advisors LLC raised its holdings in Government Properties Income Trust by 1.2% in the 2nd quarter. Teachers Advisors LLC now owns 126,171 shares of the real estate investment trust’s stock valued at $2,310,000 after acquiring an additional 1,541 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Government Properties Income Trust by 1.4% in the 2nd quarter. Alliancebernstein L.P. now owns 132,456 shares of the real estate investment trust’s stock valued at $2,425,000 after acquiring an additional 1,766 shares during the last quarter. Institutional investors own 58.18% of the company’s stock.

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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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