BidaskClub upgraded shares of Government Properties Income Trust (NYSE:GOV) from a hold rating to a buy rating in a report published on Tuesday morning.

Several other brokerages have also recently issued reports on GOV. Jefferies Group LLC reaffirmed a sell rating and set a $15.00 price objective on shares of Government Properties Income Trust in a report on Tuesday, June 20th. Zacks Investment Research cut Government Properties Income Trust from a hold rating to a sell rating in a report on Monday, October 9th. DA Davidson assumed coverage on Government Properties Income Trust in a report on Friday, September 29th. They set a neutral rating and a $20.00 price objective on the stock. Morgan Stanley reaffirmed an underweight rating and set a $18.00 price objective (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Finally, FBR & Co reaffirmed an outperform rating and set a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Government Properties Income Trust currently has an average rating of Hold and an average price target of $18.40.

Government Properties Income Trust (NYSE:GOV) opened at 18.22 on Tuesday. The firm’s 50-day moving average is $18.77 and its 200-day moving average is $19.89. The company has a market capitalization of $1.75 billion, a PE ratio of 30.78 and a beta of 1.04. 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 issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $69.89 million for the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Equities analysts anticipate that Government Properties Income Trust will post $0.45 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.44%. The ex-dividend date is Friday, October 20th. Government Properties Income Trust’s dividend payout ratio is currently -76.11%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOV. Daiwa Securities Group Inc. increased its position in shares of Government Properties Income Trust by 14.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 800 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Government Properties Income Trust during the 1st quarter valued at approximately $127,000. Riverhead Capital Management LLC increased its position in shares of Government Properties Income Trust by 70.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 3,226 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Government Properties Income Trust during the 2nd quarter valued at approximately $145,000. Finally, Flinton Capital Management LLC increased its position in shares of Government Properties Income Trust by 70.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 3,264 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.

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

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