Government Properties Income Trust (GOV) Issues Quarterly Earnings Results

Government Properties Income Trust (NYSE:GOV) issued its earnings results on Thursday. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by $0.01. During the same period in the prior year, the company posted $0.60 EPS. The business earned $64.06 million during the quarter, compared to analyst estimates of $63.74 million. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Government Properties Income Trust (NYSE:GOV) traded up 2.30% during mid-day trading on Thursday, hitting $23.10. The company’s stock had a trading volume of 410,416 shares. Government Properties Income Trust has a 52-week low of $12.33 and a 52-week high of $24.60. The company’s 50 day moving average is $22.19 and its 200-day moving average is $18.10.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.72 annualized dividend and a dividend yield of 7.62%.

Several research analysts have commented on GOV shares. FBR & Co started coverage on Government Properties Income Trust in a research note on Thursday, June 16th. They issued an “outperform” rating and a $25.00 target price for the company. Zacks Investment Research downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Jefferies Group downgraded Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Tuesday, July 19th.

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in 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 Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Minnesota, Massachusetts, Missouri, New Jersey, New York, New Mexico, Oregon, South Carolina, Texas, Vermont, Washington West Virginia and Wyoming, among others.