Government Properties Income Trust (GOV) Given Average Recommendation of “Hold” by Brokerages

Government Properties Income Trust (NASDAQ:GOV) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.50.

Several research analysts have recently issued reports on the company. BidaskClub raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 12th. ValuEngine downgraded Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised Government Properties Income Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 19th. Morgan Stanley lowered their price objective on Government Properties Income Trust from $18.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, April 17th. Finally, B. Riley decreased their target price on shares of Government Properties Income Trust from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, April 10th.

Shares of Government Properties Income Trust stock traded up $0.01 on Friday, hitting $13.27. The stock had a trading volume of 624,585 shares, compared to its average volume of 1,029,858. Government Properties Income Trust has a twelve month low of $13.23 and a twelve month high of $13.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $1.32 billion, a P/E ratio of 6.57, a P/E/G ratio of 1.33 and a beta of 1.10.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Government Properties Income Trust had a return on equity of 0.87% and a net margin of 3.16%. The company had revenue of $108.70 million during the quarter, compared to the consensus estimate of $106.11 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue was up 56.9% compared to the same quarter last year. equities analysts anticipate that Government Properties Income Trust will post 2.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, April 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date is Friday, April 27th. Government Properties Income Trust’s dividend payout ratio is presently 85.15%.

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in Government Properties Income Trust by 61.5% during the 4th quarter. LPL Financial LLC now owns 173,767 shares of the real estate investment trust’s stock valued at $3,222,000 after purchasing an additional 66,178 shares during the period. Mutual Advisors LLC acquired a new stake in Government Properties Income Trust during the 4th quarter valued at approximately $194,000. Renaissance Technologies LLC increased its position in Government Properties Income Trust by 1,207.0% during the 4th quarter. Renaissance Technologies LLC now owns 541,100 shares of the real estate investment trust’s stock valued at $10,032,000 after purchasing an additional 499,700 shares during the period. US Bancorp DE increased its position in Government Properties Income Trust by 47.1% during the 4th quarter. US Bancorp DE now owns 25,626 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 8,205 shares during the period. Finally, Pinebridge Investments L.P. increased its position in Government Properties Income Trust by 59.5% during the 4th quarter. Pinebridge Investments L.P. now owns 160,106 shares of the real estate investment trust’s stock valued at $2,968,000 after purchasing an additional 59,701 shares during the period. 58.25% of the stock is owned by institutional investors and hedge funds.

About Government Properties Income Trust

GOV 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.

Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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