Government Properties Income Trust (GOV) Hits New 52-Week Low at $8.13

Government Properties Income Trust (NASDAQ:GOV) hit a new 52-week low on Thursday . The company traded as low as $8.13 and last traded at $8.53, with a volume of 78971 shares trading hands. The stock had previously closed at $8.33.

A number of brokerages have recently issued reports on GOV. BidaskClub downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. ValuEngine raised shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Bank of America boosted their price objective 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. TheStreet downgraded shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Government Properties Income Trust has an average rating of “Sell” and an average price target of $12.00.

The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $869.04 million, a PE ratio of 4.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Government Properties Income Trust had a net margin of 4.14% and a return on equity of 0.64%. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $103.90 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. As a group, equities analysts anticipate that Government Properties Income Trust will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, October 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 20.07%. The ex-dividend date of this dividend was Friday, October 26th. Government Properties Income Trust’s payout ratio is 85.15%.

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Government Properties Income Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,680,894 shares of the real estate investment trust’s stock worth $26,642,000 after buying an additional 15,572 shares during the period. Private Advisor Group LLC bought a new position in Government Properties Income Trust in the 3rd quarter worth $134,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Government Properties Income Trust in the 3rd quarter worth $9,717,000. HighPoint Advisor Group LLC bought a new position in Government Properties Income Trust in the 2nd quarter worth $168,000. Finally, Chicago Equity Partners LLC boosted its holdings in Government Properties Income Trust by 74.2% in the 3rd quarter. Chicago Equity Partners LLC now owns 194,295 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 82,775 shares during the period. 63.61% of the stock is owned by institutional investors.

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About Government Properties Income Trust (NASDAQ:GOV)

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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