Government Properties Income Trust (GOV) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Government Properties Income Trust (NYSE:GOV) from a hold rating to a buy rating in a research note released on Tuesday, October 17th.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Government Properties Income Trust from a buy rating to a hold rating in a report on Monday, July 3rd. DA Davidson initiated coverage on Government Properties Income Trust in a report on Friday, September 29th. They set a neutral rating and a $20.00 target price for the company. FBR & Co reaffirmed an outperform rating and set a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a sell rating and set a $14.00 target price on shares of Government Properties Income Trust in a report on Friday, July 14th. Finally, Morgan Stanley reaffirmed an underweight rating and set a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $18.75.

Government Properties Income Trust (GOV) traded down $0.14 during trading hours on Tuesday, hitting $18.43. The stock had a trading volume of 505,341 shares, compared to its average volume of 621,781. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Friday, October 20th.

Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in Government Properties Income Trust in the 2nd quarter worth about $228,000. Dynamic Technology Lab Private Ltd purchased a new stake in Government Properties Income Trust in the 2nd quarter worth about $348,000. LSV Asset Management lifted its stake in Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after acquiring an additional 344,000 shares in the last quarter. US Bancorp DE lifted its stake in Government Properties Income Trust by 2,966.7% in the 2nd quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 17,385 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Government Properties Income Trust by 12.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock worth $4,032,000 after purchasing an additional 25,162 shares during the last quarter.

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.

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

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