Wall Street brokerages expect Government Properties Income Trust (NASDAQ:GOV) to announce sales of $105.44 million for the current quarter, Zacks reports. Three analysts have issued estimates for Government Properties Income Trust’s earnings, with the lowest sales estimate coming in at $104.40 million and the highest estimate coming in at $106.83 million. Government Properties Income Trust posted sales of $69.30 million during the same quarter last year, which suggests a positive year over year growth rate of 52.2%. The business is expected to report its next earnings report before the market opens on Thursday, May 3rd.
On average, analysts expect that Government Properties Income Trust will report full-year sales of $409.99 million for the current financial year, with estimates ranging from $406.30 million to $415.50 million. For the next year, analysts expect that the company will post sales of $394.73 million per share, with estimates ranging from $364.36 million to $420.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Government Properties Income Trust.
Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Monday, February 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The firm had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $107.56 million. Government Properties Income Trust had a net margin of 3.82% and a return on equity of 1.22%. The company’s revenue for the quarter was up 62.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS.
Shares of GOV traded up $0.12 on Thursday, reaching $12.51. The stock had a trading volume of 1,416,535 shares, compared to its average volume of 1,034,921. The stock has a market cap of $1,224.44, a PE ratio of 6.19, a PEG ratio of 1.23 and a beta of 1.10. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.70. Government Properties Income Trust has a 12-month low of $11.87 and a 12-month high of $22.99.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, April 30th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 13.75%. The ex-dividend date is Friday, April 27th. Government Properties Income Trust’s payout ratio is 85.15%.
A number of large investors have recently made changes to their positions in GOV. New York State Common Retirement Fund raised its stake in Government Properties Income Trust by 20.8% during the third quarter. New York State Common Retirement Fund now owns 92,300 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 15,900 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Government Properties Income Trust by 95.7% during the third quarter. Russell Investments Group Ltd. now owns 67,781 shares of the real estate investment trust’s stock valued at $1,272,000 after buying an additional 33,146 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Government Properties Income Trust by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 521,181 shares of the real estate investment trust’s stock valued at $9,786,000 after buying an additional 4,841 shares during the last quarter. Schroder Investment Management Group purchased a new position in Government Properties Income Trust during the third quarter valued at $168,000. Finally, Wells Fargo & Company MN raised its stake in Government Properties Income Trust by 46.6% during the third quarter. Wells Fargo & Company MN now owns 297,921 shares of the real estate investment trust’s stock valued at $5,592,000 after buying an additional 94,767 shares during the last quarter. Institutional investors and hedge funds own 59.22% of the company’s stock.
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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.
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