BidaskClub lowered shares of Government Properties Income Trust (NASDAQ:GOV) from a hold rating to a sell rating in a research report released on Thursday.

Several other analysts also recently issued reports on the stock. ValuEngine raised shares of Government Properties Income Trust from a hold rating to a buy rating in a research note on Friday, December 1st. B. Riley reiterated a buy rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. FBR & Co reaffirmed a buy rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Government Properties Income Trust from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, DA Davidson initiated coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They issued a neutral rating and a $20.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Government Properties Income Trust currently has a consensus rating of Hold and an average target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ:GOV) traded up $0.19 during trading on Thursday, reaching $18.29. The company had a trading volume of 476,500 shares, compared to its average volume of 801,349. The firm has a market capitalization of $1,813.38, a PE ratio of 8.47, a P/E/G ratio of 1.75 and a beta of 1.05. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business had revenue of $70.18 million during the quarter, compared to the consensus estimate of $69.80 million. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. analysts predict that Government Properties Income Trust will post 2.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend was Friday, October 20th. Government Properties Income Trust’s dividend payout ratio is currently 318.52%.

Several institutional investors have recently modified their holdings of GOV. Belpointe Asset Management LLC bought a new position in Government Properties Income Trust during the third quarter worth $379,000. Cetera Advisor Networks LLC lifted its stake in shares of Government Properties Income Trust by 84.7% in the third quarter. Cetera Advisor Networks LLC now owns 55,714 shares of the real estate investment trust’s stock valued at $1,051,000 after buying an additional 25,549 shares in the last quarter. California Public Employees Retirement System increased its holdings in Government Properties Income Trust by 10.2% during the third quarter. California Public Employees Retirement System now owns 195,849 shares of the real estate investment trust’s stock worth $3,676,000 after buying an additional 18,170 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Government Properties Income Trust by 6.6% during the third quarter. Janney Montgomery Scott LLC now owns 49,649 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 3,080 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Government Properties Income Trust by 20.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,492 shares of the real estate investment trust’s stock worth $1,511,000 after buying an additional 13,871 shares during the last quarter. 58.31% of the stock is owned by institutional investors.

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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 (NASDAQ:GOV)

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