Research Analysts’ Recent Ratings Updates for Government Properties Income Trust (GOV)

Government Properties Income Trust (NASDAQ: GOV) has recently received a number of price target changes and ratings updates:

  • 8/15/2018 – Government Properties Income Trust was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/13/2018 – Government Properties Income Trust had its price target raised by analysts at Bank of America Corp from $12.50 to $14.00. They now have an “underperform” rating on the stock.
  • 8/10/2018 – Government Properties Income Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/8/2018 – Government Properties Income Trust was given a new $14.00 price target on by analysts at Royal Bank of Canada. They now have a “sell” rating on the stock.
  • 8/6/2018 – Government Properties Income Trust had its price target raised by analysts at B. Riley from $20.00 to $21.00. They now have a “buy” rating on the stock.
  • 8/3/2018 – Government Properties Income Trust was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 7/28/2018 – Government Properties Income Trust was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/25/2018 – Government Properties Income Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2018 – Government Properties Income Trust was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/4/2018 – Government Properties Income Trust was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 6/28/2018 – Government Properties Income Trust was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/21/2018 – Government Properties Income Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of NASDAQ GOV traded up $0.21 during trading on Thursday, reaching $16.68. The company had a trading volume of 701,094 shares, compared to its average volume of 952,027. Government Properties Income Trust has a twelve month low of $11.87 and a twelve month high of $19.60. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.67.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $105.95 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 54.6% compared to the same quarter last year. analysts anticipate that Government Properties Income Trust will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Monday, July 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, July 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.31%. Government Properties Income Trust’s dividend payout ratio (DPR) is 85.15%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Government Properties Income Trust by 22.1% in the second quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock worth $186,627,000 after acquiring an additional 2,132,492 shares during the last quarter. Northern Trust Corp increased its stake in Government Properties Income Trust by 6.7% in the first quarter. Northern Trust Corp now owns 1,749,352 shares of the real estate investment trust’s stock valued at $23,897,000 after purchasing an additional 110,349 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Government Properties Income Trust by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,680,894 shares of the real estate investment trust’s stock valued at $26,642,000 after purchasing an additional 15,572 shares during the last quarter. LSV Asset Management increased its stake in Government Properties Income Trust by 4.3% in the second quarter. LSV Asset Management now owns 1,645,780 shares of the real estate investment trust’s stock valued at $26,085,000 after purchasing an additional 67,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Government Properties Income Trust by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,471,948 shares of the real estate investment trust’s stock valued at $23,330,000 after purchasing an additional 27,116 shares during the last quarter. 58.01% of the stock is owned by institutional investors.

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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