FBR & Co reiterated their buy rating on shares of Government Properties Income Trust (NYSE:GOV) in a research report released on Tuesday.

Several other research firms have also recently weighed in on GOV. Zacks Investment Research cut Government Properties Income Trust from a hold rating to a sell rating in a research note on Tuesday, August 15th. Morgan Stanley restated an underweight rating and set a $18.00 target price (down previously from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. BidaskClub upgraded Government Properties Income Trust from a hold rating to a buy rating in a research note on Tuesday, October 17th. Jefferies Group LLC restated a sell rating and set a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. Finally, DA Davidson assumed coverage on Government Properties Income Trust in a research note on Friday, September 29th. They set a neutral rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Government Properties Income Trust has a consensus rating of Hold and a consensus price target of $18.75.

Government Properties Income Trust (NYSE GOV) traded up $0.08 during trading hours on Tuesday, reaching $18.43. 505,341 shares of the company’s stock were exchanged.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Friday, October 20th.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake 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 worth $319,052,000 after purchasing an additional 2,989,467 shares during the last quarter. BlackRock Inc. lifted its stake in Government Properties Income Trust by 9,060.9% in the first quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock valued at $154,305,000 after buying an additional 7,292,039 shares during the last quarter. State Street Corp lifted its stake in Government Properties Income Trust by 8.4% in the second quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock valued at $36,885,000 after buying an additional 156,443 shares during the last quarter. LSV Asset Management lifted its stake in Government Properties Income Trust by 27.7% in the second quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock valued at $29,017,000 after buying an additional 344,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Government Properties Income Trust by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 1,450,063 shares of the real estate investment trust’s stock valued at $26,551,000 after buying an additional 165,231 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.

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