BidaskClub cut shares of Government Properties Income Trust (NASDAQ:GOV) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other analysts have also commented on GOV. ValuEngine lowered shares of Government Properties Income Trust from a sell rating to a strong sell rating in a research note on Monday, September 17th. DA Davidson set a $13.00 price target on shares of Government Properties Income Trust and gave the company a hold rating in a research note on Tuesday, September 18th. B. Riley set a $17.00 target price on shares of Government Properties Income Trust and gave the stock a buy rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded shares of Government Properties Income Trust from a sell rating to a hold rating in a research note on Tuesday, June 5th. Finally, TheStreet upgraded shares of Government Properties Income Trust from a d+ rating to a c rating in a research note on Friday, August 3rd. Six 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. Government Properties Income Trust currently has a consensus rating of Hold and an average target price of $14.00.

Government Properties Income Trust stock opened at $11.70 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60. Government Properties Income Trust has a 12-month low of $10.97 and a 12-month high of $19.60. The firm has a market cap of $1.16 billion, a P/E ratio of 5.88, a P/E/G ratio of 1.16 and a beta of 1.20.

Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $105.95 million. During the same quarter in the previous year, the company earned $0.60 EPS. Government Properties Income Trust’s quarterly revenue was up 54.6% compared to the same quarter last year. equities research analysts expect that Government Properties Income Trust will post 2.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its holdings in shares of Government Properties Income Trust by 243.4% in the 2nd quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 5,323 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Government Properties Income Trust in the 1st quarter worth about $148,000. Allianz Asset Management GmbH purchased a new position in shares of Government Properties Income Trust in the 1st quarter worth about $149,000. Independent Advisor Alliance purchased a new position in shares of Government Properties Income Trust in the 2nd quarter worth about $160,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Government Properties Income Trust in the 2nd quarter worth about $168,000. Hedge funds and other institutional investors own 58.17% of the company’s stock.

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

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