Government Properties Income Trust (NASDAQ:GOV) has been given a consensus recommendation of “Sell” by the ten brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.00.

GOV has been the topic of several recent analyst reports. Morgan Stanley upgraded Government Properties Income Trust to a “sell” rating and set a $12.00 price target on the stock in a research note on Wednesday, September 19th. DA Davidson set a $13.00 price target on Government Properties Income Trust and gave the stock a “hold” rating in a research note on Tuesday, September 18th. B. Riley set a $15.00 price target on Government Properties Income Trust and gave the stock a “buy” rating in a research note on Friday, November 2nd. BidaskClub cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Finally, TheStreet cut Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Friday, November 2nd.

Shares of NASDAQ GOV traded down $0.33 on Wednesday, hitting $8.33. The company had a trading volume of 2,025,195 shares, compared to its average volume of 1,319,545. Government Properties Income Trust has a 12-month low of $8.19 and a 12-month high of $18.92. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $873.01 million, a price-to-earnings ratio of 4.12, a PEG ratio of 0.89 and a beta of 1.37.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, October 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 20.65%. The ex-dividend date of this dividend was Friday, October 26th. Government Properties Income Trust’s payout ratio is currently 85.15%.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOV. Pentwater Capital Management LP acquired a new stake in Government Properties Income Trust during the third quarter valued at approximately $113,000. Laurion Capital Management LP acquired a new stake in Government Properties Income Trust during the third quarter valued at approximately $117,000. Rehmann Capital Advisory Group raised its stake in Government Properties Income Trust by 243.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,323 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Government Properties Income Trust during the third quarter valued at approximately $132,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Government Properties Income Trust during the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 63.61% of the company’s stock.

Government Properties Income Trust Company Profile

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

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