Government Properties Income Trust (GOV) Downgraded to “Sell” at BidaskClub
Government Properties Income Trust (NASDAQ:GOV) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
A number of other analysts also recently commented on GOV. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. DA Davidson began coverage on Government Properties Income Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $20.00 price target for the company. ValuEngine raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reaffirmed a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research report on Thursday, September 21st. Finally, FBR & Co reaffirmed a “buy” rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Government Properties Income Trust currently has a consensus rating of “Hold” and an average price target of $18.75.
Shares of Government Properties Income Trust (NASDAQ GOV) traded down $0.13 on Thursday, hitting $17.69. The company had a trading volume of 499,169 shares, compared to its average volume of 748,789. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1,700.00, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. Government Properties Income Trust has a one year low of $17.36 and a one year high of $22.99.
Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $70.18 million for the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a net margin of 15.30% and a return on equity of 4.27%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. sell-side analysts anticipate that Government Properties Income Trust will post 2.09 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in GOV. Vanguard Group Inc. grew its holdings in Government Properties Income Trust by 20.7% during the second quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock valued at $319,052,000 after purchasing an additional 2,989,467 shares during the period. Koch Industries Inc. bought a new position in Government Properties Income Trust during the second quarter valued at $630,000. Laurion Capital Management LP bought a new position in Government Properties Income Trust during the second quarter valued at $9,301,000. Citigroup Inc. grew its holdings in Government Properties Income Trust by 363.5% during the second quarter. Citigroup Inc. now owns 424,635 shares of the real estate investment trust’s stock valued at $7,775,000 after purchasing an additional 333,016 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Government Properties Income Trust during the second quarter valued at $5,275,000. 58.18% of the stock is owned by institutional investors and hedge funds.
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About Government Properties Income Trust
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.
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