Government Properties Income Trust (GOV) Downgraded to “Sell” at BidaskClub

Government Properties Income Trust (NASDAQ:GOV) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other research firms have also weighed in on GOV. Zacks Investment Research lowered shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, October 9th. ValuEngine upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. DA Davidson assumed coverage on shares of Government Properties Income Trust in a report on Friday, September 29th. They set a “neutral” rating and a $20.00 target price on the stock. 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 report on Friday, September 1st. Finally, B. Riley restated a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

Government Properties Income Trust (NASDAQ GOV) traded up $0.02 during mid-day trading on Thursday, reaching $18.10. 575,221 shares of the company’s stock traded hands, compared to its average volume of 802,725. The stock has a market cap of $1,740.00, a PE ratio of 8.43, a P/E/G ratio of 1.74 and a beta of 1.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. Government Properties Income Trust has a 12-month low of $17.36 and a 12-month high of $22.99.

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

A number of institutional investors have recently added to or reduced their stakes in GOV. GSA Capital Partners LLP bought a new stake in shares of Government Properties Income Trust in the 2nd quarter worth about $228,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Government Properties Income Trust in the 2nd quarter worth about $348,000. LSV Asset Management increased its position in shares of Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after purchasing an additional 344,000 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Government Properties Income Trust by 12.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock worth $4,032,000 after purchasing an additional 25,162 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Government Properties Income Trust by 2,966.7% in the 2nd quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock worth $329,000 after purchasing an additional 17,385 shares during the last quarter. 58.31% of the stock is currently owned by hedge funds and other institutional investors.

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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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