Government Properties Income Trust (GOV) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of Government Properties Income Trust (NASDAQ:GOV) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Several other analysts also recently commented on the stock. Royal Bank of Canada reaffirmed a sell rating and set a $8.00 price objective on shares of Government Properties Income Trust in a research report on Tuesday, November 20th. TheStreet downgraded shares of Government Properties Income Trust from a c rating to a d+ rating in a research report on Friday, November 2nd. B. Riley set a $15.00 price objective on shares of Government Properties Income Trust and gave the stock a buy rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Government Properties Income Trust from a hold rating to a sell rating in a research report on Thursday, November 1st. Finally, Morgan Stanley raised shares of Government Properties Income Trust from an underweight rating to an equal weight rating and set a $10.00 price objective for the company in a research report on Tuesday, October 16th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Sell and an average price target of $12.00.

NASDAQ:GOV opened at $8.80 on Wednesday. The company has a market cap of $861.10 million, a price-to-earnings ratio of 4.36, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 1.73. Government Properties Income Trust has a fifty-two week low of $8.19 and a fifty-two week high of $19.05.

Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $106.10 million during the quarter, compared to the consensus estimate of $103.90 million. Government Properties Income Trust had a net margin of 4.14% and a return on equity of 0.64%. The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, sell-side analysts expect that Government Properties Income Trust will post 1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, October 29th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 19.55%. The ex-dividend date of this dividend was Friday, October 26th. Government Properties Income Trust’s dividend payout ratio (DPR) is 85.15%.

Several hedge funds have recently made changes to their positions in GOV. Vanguard Group Inc. lifted its holdings in shares of Government Properties Income Trust by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,037,844 shares of the real estate investment trust’s stock worth $169,777,000 after purchasing an additional 376,762 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Government Properties Income Trust by 15.5% in the 3rd quarter. BlackRock Inc. now owns 13,604,612 shares of the real estate investment trust’s stock worth $153,597,000 after purchasing an additional 1,830,084 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Government Properties Income Trust by 1.3% in the 2nd quarter. Northern Trust Corp now owns 1,772,313 shares of the real estate investment trust’s stock worth $28,092,000 after purchasing an additional 22,961 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Government Properties Income Trust by 5.8% in the 3rd quarter. LSV Asset Management now owns 1,740,790 shares of the real estate investment trust’s stock worth $19,653,000 after purchasing an additional 95,010 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Government Properties Income Trust by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,695,485 shares of the real estate investment trust’s stock worth $19,143,000 after purchasing an additional 14,591 shares in the last quarter. 61.31% of the stock is owned by institutional investors.

About Government Properties Income Trust

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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