Government Properties Income Trust (GOV) Rating Increased to Hold at BidaskClub

Government Properties Income Trust (NASDAQ:GOV) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

GOV has been the topic of a number of other research reports. DA Davidson began coverage on Government Properties Income Trust in a report on Friday, September 29th. They set a “neutral” rating and a $20.00 price objective on the stock. ValuEngine raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reissued a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a report on Thursday, September 21st. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, FBR & Co reissued a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.75.

Shares of Government Properties Income Trust (NASDAQ GOV) traded up $0.13 during mid-day trading on Friday, reaching $18.78. The company’s stock had a trading volume of 1,155,219 shares, compared to its average volume of 560,306. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99. The firm has a market cap of $1,861.96, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.80 and a beta of 1.05.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. sell-side analysts forecast that Government Properties Income Trust will post 2.09 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Government Properties Income Trust during the 2nd quarter valued at approximately $228,000. Dynamic Technology Lab Private Ltd bought a new stake in Government Properties Income Trust during the 2nd quarter valued at approximately $348,000. LSV Asset Management boosted its stake in Government Properties Income Trust by 27.7% during the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock valued at $29,017,000 after purchasing an additional 344,000 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Government Properties Income Trust by 12.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock valued at $4,032,000 after purchasing an additional 25,162 shares during the period. Finally, US Bancorp DE boosted its stake in Government Properties Income Trust by 2,966.7% during the 2nd quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 17,385 shares during the period. 58.31% of the stock is currently 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.

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

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