Analysts expect Government Properties Income Trust (NASDAQ:GOV) to post $102.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Government Properties Income Trust’s earnings. The lowest sales estimate is $101.73 million and the highest is $103.76 million. Government Properties Income Trust posted sales of $70.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 46.1%. The firm is expected to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Government Properties Income Trust will report full-year sales of $410.66 million for the current financial year, with estimates ranging from $408.12 million to $412.55 million. For the next financial year, analysts anticipate that the firm will report sales of $369.51 million, with estimates ranging from $363.70 million to $378.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $105.95 million. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. Government Properties Income Trust’s revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS.

A number of equities analysts have commented on GOV shares. Morgan Stanley raised shares of Government Properties Income Trust to a “sell” rating and set a $12.00 price objective for the company in a research note on Wednesday, September 19th. DA Davidson set a $13.00 price objective on shares of Government Properties Income Trust and gave the stock a “hold” rating in a research note on Tuesday, September 18th. Royal Bank of Canada set a $14.00 price objective on shares of Government Properties Income Trust and gave the stock a “sell” rating in a research note on Wednesday, August 8th. BidaskClub cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, Bank of America lifted their price objective on shares of Government Properties Income Trust from $12.50 to $14.00 and gave the stock an “underperform” rating in a research note on Monday, August 13th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.00.

Several hedge funds have recently added to or reduced their stakes in GOV. BlackRock Inc. boosted its stake in shares of Government Properties Income Trust by 22.1% during the 2nd quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock worth $186,627,000 after purchasing an additional 2,132,492 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Government Properties Income Trust during the 2nd quarter worth about $8,375,000. Global X Management Co LLC boosted its stake in shares of Government Properties Income Trust by 26.8% during the 2nd quarter. Global X Management Co LLC now owns 780,793 shares of the real estate investment trust’s stock worth $12,376,000 after purchasing an additional 164,975 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Government Properties Income Trust during the 2nd quarter worth about $1,768,000. Finally, Northern Trust Corp boosted its stake in shares of Government Properties Income Trust by 6.7% during the 1st quarter. Northern Trust Corp now owns 1,749,352 shares of the real estate investment trust’s stock worth $23,897,000 after purchasing an additional 110,349 shares during the period. 58.17% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GOV traded down $0.41 on Friday, reaching $11.09. The company had a trading volume of 1,421,400 shares, compared to its average volume of 1,074,236. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $1.13 billion, a P/E ratio of 5.70, a P/E/G ratio of 1.13 and a beta of 1.20. Government Properties Income Trust has a 12 month low of $10.97 and a 12 month high of $19.60.

Government Properties Income Trust Company Profile

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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Earnings History and Estimates for Government Properties Income Trust (NASDAQ:GOV)

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