Government Properties Income Trust (GOV) Stock Rating Reaffirmed by Jefferies Group LLC

Government Properties Income Trust (NYSE:GOV)‘s stock had its “sell” rating restated by equities researchers at Jefferies Group LLC in a research report issued on Tuesday. They presently have a $15.00 target price on the real estate investment trust’s stock. Jefferies Group LLC’s price objective indicates a potential downside of 34.01% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, April 26th. Morgan Stanley restated an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Finally, FBR & Co restated a “buy” rating and issued a $25.00 target price on shares of Government Properties Income Trust in a report on Wednesday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Government Properties Income Trust currently has a consensus rating of “Hold” and a consensus price target of $19.90.

Government Properties Income Trust (NYSE:GOV) traded up 0.2077% on Tuesday, reaching $22.7772. The company’s stock had a trading volume of 72,861 shares. Government Properties Income Trust has a 12 month low of $17.66 and a 12 month high of $24.61. The firm has a market cap of $1.62 billion, a P/E ratio of 33.8946 and a beta of 1.04. The firm’s 50 day moving average is $21.86 and its 200-day moving average is $20.55.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $69.30 million for the quarter, compared to analyst estimates of $67.44 million. Government Properties Income Trust had a return on equity of 3.25% and a net margin of 6.96%. Government Properties Income Trust’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. On average, equities research analysts anticipate that Government Properties Income Trust will post $0.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Friday, April 21st were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $1.72 annualized dividend and a yield of 7.57%. Government Properties Income Trust’s payout ratio is -76.11%.

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Institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY raised its position in Government Properties Income Trust by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 52,839 shares of the real estate investment trust’s stock valued at $1,007,000 after buying an additional 152 shares during the last quarter. Tyers Asset Management LLC purchased a new position in Government Properties Income Trust during the fourth quarter valued at about $100,000. Flinton Capital Management LLC purchased a new position in Government Properties Income Trust during the fourth quarter valued at about $122,000. New York State Teachers Retirement System raised its position in Government Properties Income Trust by 20.6% in the fourth quarter. New York State Teachers Retirement System now owns 63,729 shares of the real estate investment trust’s stock valued at $1,215,000 after buying an additional 10,900 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Government Properties Income Trust by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,074,400 shares of the real estate investment trust’s stock valued at $20,483,000 after buying an additional 53,800 shares during the last quarter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GOV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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