Brokerages Set Government Properties Income Trust (GOV) Target Price at $13.20

Government Properties Income Trust (NASDAQ:GOV) has received an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.20.

Several research firms have issued reports on GOV. ValuEngine raised shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. TheStreet raised shares of Government Properties Income Trust from a “d+” rating to a “c” rating in a report on Friday, August 3rd. Royal Bank of Canada set a $14.00 price objective on shares of Government Properties Income Trust and gave the company a “sell” rating in a report on Wednesday, August 8th. B. Riley increased their price objective on shares of Government Properties Income Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 6th. Finally, Bank of America increased their target price on shares of Government Properties Income Trust from $12.50 to $14.00 and gave the company an “underperform” rating in a research report on Monday, August 13th.

GOV traded down $0.01 during midday trading on Friday, hitting $9.31. 736,171 shares of the company traded hands, compared to its average volume of 2,453,835. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.73. The company has a market cap of $917.65 million, a price-to-earnings ratio of 4.61, a PEG ratio of 0.93 and a beta of 1.37. Government Properties Income Trust has a 52-week low of $8.44 and a 52-week high of $19.05.

Government Properties Income Trust (NASDAQ:GOV) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The business had revenue of $106.10 million for the quarter, compared to the consensus estimate of $103.90 million. Government Properties Income Trust had a net margin of 4.14% and a return on equity of 0.64%. The company’s revenue was up 51.2% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts forecast that Government Properties Income Trust will post 1.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, October 29th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 18.47%. The ex-dividend date is Friday, October 26th. Government Properties Income Trust’s dividend payout ratio (DPR) is 85.15%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group raised its position in shares of Government Properties Income Trust by 243.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,323 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Government Properties Income Trust in the third quarter valued at about $134,000. Engineers Gate Manager LP acquired a new stake in shares of Government Properties Income Trust in the third quarter valued at about $146,000. Allianz Asset Management GmbH acquired a new stake in shares of Government Properties Income Trust in the first quarter valued at about $149,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Government Properties Income Trust in the second quarter valued at about $160,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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

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