Jefferies Group Weighs in on Government Properties Income Trust’s FY2017 Earnings (GOV)

Government Properties Income Trust (NYSE:GOV) – Research analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of Government Properties Income Trust in a note issued to investors on Monday, according to Zacks Investment Research. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $2.25 for the year, up from their prior forecast of $2.24.

Several other research firms have also recently weighed in on GOV. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 26th. FBR & Co restated a “buy” rating and set a $25.00 price target on shares of Government Properties Income Trust in a report on Wednesday, February 22nd.

Earnings History and Estimates for Government Properties Income Trust (NYSE:GOV)

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the property of of BBNS. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/analysts-offer-predictions-for-government-properties-income-trusts-fy2017-earnings-gov-updated-updated-updated/629854.html.

Shares of Government Properties Income Trust (NYSE:GOV) traded up 1.05% during midday trading on Tuesday, reaching $22.19. 482,089 shares of the company traded hands. Government Properties Income Trust has a 12-month low of $17.66 and a 12-month high of $24.61. The firm has a market capitalization of $1.58 billion, a PE ratio of 33.02 and a beta of 1.04. The company has a 50-day moving average of $21.50 and a 200 day moving average of $19.96.

Government Properties Income Trust (NYSE:GOV) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $69.30 million for the quarter, compared to analyst estimates of $67.44 million. During the same period in the prior year, the business earned $0.62 EPS. The business’s revenue was up 8.9% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Friday, April 21st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Wednesday, April 19th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOV. New York State Common Retirement Fund boosted its position in Government Properties Income Trust by 6.1% in the third quarter. New York State Common Retirement Fund now owns 73,600 shares of the real estate investment trust’s stock valued at $1,665,000 after buying an additional 4,200 shares during the period. UBS Asset Management Americas Inc. boosted its position in Government Properties Income Trust by 1.0% in the third quarter. UBS Asset Management Americas Inc. now owns 126,485 shares of the real estate investment trust’s stock worth $2,861,000 after buying an additional 1,234 shares during the last quarter. KBC Group NV boosted its position in Government Properties Income Trust by 84.3% in the third quarter. KBC Group NV now owns 27,039 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 12,365 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Government Properties Income Trust by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,115,795 shares of the real estate investment trust’s stock worth $25,240,000 after buying an additional 45,084 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Government Properties Income Trust by 2.9% in the third quarter. Aperio Group LLC now owns 37,262 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 1,054 shares during the last quarter.

About Government Properties Income Trust

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.

5 Day Chart for NYSE:GOV

Get a free copy of the Zacks research report on Government Properties Income Trust (GOV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with our FREE daily email newsletter.

 


Latest News

Zack Greinke Having Much Better Results This Season
Zack Greinke Having Much Better Results This Season
David Price and Red Sox to Meet Following Rehab Start
David Price and Red Sox to Meet Following Rehab Start
Lack of Offense Leading to Mediocrity for Boston Red Sox
Lack of Offense Leading to Mediocrity for Boston Red Sox
MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense


Leave a Reply

 
© 2006-2017 BBNS.