Equities analysts forecast that Government Properties Income Trust (NYSE:GOV) will post $70.28 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Government Properties Income Trust’s earnings, with estimates ranging from $69.87 million to $70.68 million. Government Properties Income Trust posted sales of $64.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 9%. The business is scheduled to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Government Properties Income Trust will report full-year sales of $70.28 million for the current year. For the next year, analysts forecast that the company will report sales of $423.69 million per share. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Government Properties Income Trust.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $69.89 million for the quarter, compared to analyst estimates of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. Government Properties Income Trust’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

A number of brokerages recently issued reports on GOV. Jefferies Group LLC reiterated a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research report on Thursday. Zacks Investment Research cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Morgan Stanley reissued an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a research note on Tuesday, June 13th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 target price (down previously from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.80.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in Government Properties Income Trust by 33.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,400 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Government Properties Income Trust in the first quarter valued at $127,000. Riverhead Capital Management LLC increased its stake in Government Properties Income Trust by 70.1% in the second quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 3,226 shares during the last quarter. SG Americas Securities LLC bought a new position in Government Properties Income Trust in the second quarter valued at $145,000. Finally, Flinton Capital Management LLC increased its stake in Government Properties Income Trust by 70.1% in the second quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 3,264 shares during the last quarter.

Shares of Government Properties Income Trust (GOV) traded up 1.68% during midday trading on Friday, reaching $18.75. The company had a trading volume of 577,597 shares. Government Properties Income Trust has a one year low of $18.53 and a one year high of $18.80.

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.

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

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