Analysts Anticipate Government Properties Income Trust (GOV) to Post $0.55 Earnings Per Share

Wall Street brokerages expect Government Properties Income Trust (NASDAQ:GOV) to announce earnings per share of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Government Properties Income Trust’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.53. Government Properties Income Trust posted earnings per share of $0.17 during the same quarter last year, which would suggest a positive year over year growth rate of 223.5%. The firm is scheduled to report its next earnings results on Wednesday, February 28th.

On average, analysts expect that Government Properties Income Trust will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.12. For the next year, analysts expect that the business will post earnings of $2.17 per share, with EPS estimates ranging from $2.10 to $2.31. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis.

GOV has been the topic of several research reports. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. B. Riley reiterated a “buy” rating on shares of Government Properties Income Trust in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Morgan Stanley reiterated an “underweight” rating and issued a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Finally, Jefferies Group reiterated a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.75.

Shares of Government Properties Income Trust (NASDAQ:GOV) traded down $0.06 during trading on Friday, reaching $18.76. 848,900 shares of the company’s stock were exchanged, compared to its average volume of 802,797. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. The stock has a market capitalization of $1,865.93, a PE ratio of 8.71, a PEG ratio of 1.80 and a beta of 1.05.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were given a dividend of $0.43 per share. The ex-dividend date was Friday, October 20th. This represents a $1.72 dividend on an annualized basis and a yield of 9.17%. Government Properties Income Trust’s dividend payout ratio (DPR) is currently 318.52%.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOV. Belpointe Asset Management LLC acquired a new position in shares of Government Properties Income Trust in the 3rd quarter valued at $379,000. Cetera Advisor Networks LLC boosted its holdings in shares of Government Properties Income Trust by 84.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 55,714 shares of the real estate investment trust’s stock valued at $1,051,000 after purchasing an additional 25,549 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Government Properties Income Trust by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 195,849 shares of the real estate investment trust’s stock valued at $3,676,000 after purchasing an additional 18,170 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Government Properties Income Trust by 6.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 49,649 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 3,080 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Government Properties Income Trust by 20.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,492 shares of the real estate investment trust’s stock valued at $1,511,000 after purchasing an additional 13,871 shares during the last quarter. Hedge funds and other institutional investors own 58.31% 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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