BidaskClub Upgrades Government Properties Income Trust (GOV) to Buy

Government Properties Income Trust (NYSE:GOV) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also commented on GOV. Jefferies Group LLC reaffirmed a “sell” rating and set a $15.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, June 20th. Zacks Investment Research lowered shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. DA Davidson began coverage on shares of Government Properties Income Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $20.00 target price on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Finally, FBR & Co reaffirmed an “outperform” rating and set a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.40.

Government Properties Income Trust (NYSE:GOV) opened at 19.32 on Tuesday. The stock has a market cap of $1.86 billion, a P/E ratio of 32.64 and a beta of 1.04. The firm’s 50 day moving average price is $18.75 and its 200-day moving average price is $19.92. Government Properties Income Trust has a 12-month low of $19.28 and a 12-month high of $19.49.

Government Properties Income Trust (NYSE:GOV) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The business had revenue of $69.89 million for the quarter, compared to analyst estimates of $69.08 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities research analysts anticipate that Government Properties Income Trust will post $0.45 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. LSV Asset Management increased its holdings in Government Properties Income Trust by 27.7% during 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 period. US Bancorp DE increased its holdings in Government Properties Income Trust by 2,966.7% during the second quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 17,385 shares during the period. Legal & General Group Plc increased its holdings in Government Properties Income Trust by 18.1% during the second quarter. Legal & General Group Plc now owns 335,333 shares of the real estate investment trust’s stock valued at $6,140,000 after buying an additional 51,348 shares during the period. Caxton Associates LP purchased a new position in Government Properties Income Trust during the first quarter valued at approximately $379,000. Finally, Laurion Capital Management LP purchased a new position in Government Properties Income Trust during the second quarter valued at approximately $9,301,000.

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.

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

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