Government Properties Income Trust (NASDAQ:GOV) Rating Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a sell rating to a strong sell rating in a research note published on Wednesday, May 2nd.

A number of other brokerages have also recently issued reports on GOV. Zacks Investment Research upgraded shares of Government Properties Income Trust from a strong sell rating to a hold rating in a research report on Thursday, April 19th. BidaskClub cut shares of Government Properties Income Trust from a sell rating to a strong sell rating in a research report on Saturday, February 17th. B. Riley set a $21.00 target price on shares of Government Properties Income Trust and gave the stock a buy rating in a research report on Wednesday, February 28th. Royal Bank of Canada reiterated a sell rating and set a $14.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, February 27th. Finally, Morgan Stanley dropped their target price on shares of Government Properties Income Trust from $18.00 to $13.00 and set an underweight rating for the company in a research report on Tuesday, April 17th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Government Properties Income Trust has a consensus rating of Hold and a consensus price target of $17.17.

Shares of Government Properties Income Trust traded down $0.07, reaching $13.26, during mid-day trading on Wednesday, MarketBeat.com reports. The company’s stock had a trading volume of 808,046 shares, compared to its average volume of 1,034,170. Government Properties Income Trust has a 1-year low of $13.23 and a 1-year high of $13.45. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 6.56, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.83 and a current ratio of 1.83.

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

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 given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 12.97%. The ex-dividend date is Friday, April 27th. Government Properties Income Trust’s payout ratio is presently 85.15%.

A number of institutional investors and hedge funds have recently bought and sold shares of GOV. New York State Common Retirement Fund increased its position in Government Properties Income Trust by 20.8% in the 3rd 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 acquiring an additional 15,900 shares in the last quarter. Wells Fargo & Company MN increased its position in Government Properties Income Trust by 46.6% in the 3rd quarter. Wells Fargo & Company MN now owns 297,921 shares of the real estate investment trust’s stock valued at $5,592,000 after acquiring an additional 94,767 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Government Properties Income Trust by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,122 shares of the real estate investment trust’s stock valued at $22,188,000 after acquiring an additional 122,334 shares in the last quarter. California State Teachers Retirement System increased its position in Government Properties Income Trust by 22.1% in the 3rd quarter. California State Teachers Retirement System now owns 151,415 shares of the real estate investment trust’s stock valued at $2,842,000 after acquiring an additional 27,391 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in 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 acquiring an additional 18,170 shares in the last quarter. Hedge funds and other institutional investors own 58.25% of the company’s stock.

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

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