Government Properties Income Trust (GOV) Cut to “Hold” at BidaskClub

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BidaskClub downgraded shares of Government Properties Income Trust (NASDAQ:GOV) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other analysts also recently issued research reports about the company. B. Riley upped their target price on Government Properties Income Trust from $20.00 to $21.00 and gave the stock a buy rating in a research note on Monday, August 6th. TheStreet upgraded Government Properties Income Trust from a d+ rating to a c rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Government Properties Income Trust from a sell rating to a hold rating in a research report on Tuesday, June 5th. Royal Bank of Canada set a $14.00 price target on Government Properties Income Trust and gave the stock a sell rating in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded Government Properties Income Trust from a strong sell rating to a sell rating in a research report on Wednesday, July 4th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Government Properties Income Trust has a consensus rating of Hold and an average target price of $16.00.

Shares of GOV opened at $16.65 on Wednesday. Government Properties Income Trust has a 52 week low of $11.87 and a 52 week high of $19.60. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $1.67 billion, a PE ratio of 8.24, a P/E/G ratio of 1.67 and a beta of 1.20.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Government Properties Income Trust had a return on equity of 2.16% and a net margin of 7.42%. The firm had revenue of $108.10 million for the quarter, compared to the consensus estimate of $105.95 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was up 54.6% compared to the same quarter last year. research analysts predict that Government Properties Income Trust will post 2.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, July 30th were given a dividend of $0.43 per share. The ex-dividend date was Friday, July 27th. This represents a $1.72 dividend on an annualized basis and a yield of 10.33%. Government Properties Income Trust’s dividend payout ratio is currently 85.15%.

Hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. acquired a new position in shares of Government Properties Income Trust during the first quarter valued at approximately $112,000. HighPoint Advisor Group LLC acquired a new position in shares of Government Properties Income Trust during the second quarter valued at approximately $168,000. Independent Advisor Alliance acquired a new position in shares of Government Properties Income Trust during the second quarter valued at approximately $160,000. Advisors Asset Management Inc. acquired a new position in shares of Government Properties Income Trust during the second quarter valued at approximately $8,375,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Government Properties Income Trust by 905.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 10,750 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 9,681 shares during the last quarter. Institutional investors own 57.64% 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 government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants. GOV is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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

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