Jefferies Group Weighs in on Government Properties Income Trust’s FY2017 Earnings (GOV)

Government Properties Income Trust (NASDAQ:GOV) – Investment analysts at Jefferies Group issued their FY2017 EPS estimates for Government Properties Income Trust in a research note issued to investors on Monday. Jefferies Group analyst J. Petersen anticipates that the real estate investment trust will earn $2.06 per share for the year. Jefferies Group currently has a “Sell” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Government Properties Income Trust’s Q4 2017 earnings at $0.50 EPS, FY2018 earnings at $1.97 EPS and FY2019 earnings at $1.82 EPS.

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). Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business had revenue of $70.18 million for the quarter, compared to the consensus estimate of $69.80 million. During the same quarter last year, the business posted $0.54 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year.

GOV has been the subject of several other reports. Zacks Investment Research upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. DA Davidson began coverage on Government Properties Income Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $20.00 price target for the company. Morgan Stanley reissued an “underweight” rating and issued 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 raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.75.

Shares of Government Properties Income Trust (GOV) opened at $18.08 on Wednesday. The stock has a market capitalization of $1,859.98, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were issued a dividend of $0.43 per share. The ex-dividend date was Friday, October 20th. This represents a $1.72 dividend on an annualized basis and a yield of 9.51%. Government Properties Income Trust’s dividend payout ratio is presently 318.52%.

A number of large investors have recently made changes to their positions in GOV. Belpointe Asset Management LLC purchased a new position in shares of Government Properties Income Trust during the 3rd quarter worth approximately $379,000. Cetera Advisor Networks LLC grew its holdings in shares of Government Properties Income Trust by 84.7% during the 3rd quarter. Cetera Advisor Networks LLC now owns 55,714 shares of the real estate investment trust’s stock worth $1,051,000 after acquiring an additional 25,549 shares during the period. California Public Employees Retirement System grew its holdings in shares of Government Properties Income Trust by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 195,849 shares of the real estate investment trust’s stock worth $3,676,000 after acquiring an additional 18,170 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Government Properties Income Trust by 6.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 49,649 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 3,080 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Government Properties Income Trust by 20.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,492 shares of the real estate investment trust’s stock worth $1,511,000 after acquiring an additional 13,871 shares during the period. Institutional investors own 58.31% of the company’s stock.

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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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