Government Properties Income Trust (NASDAQ:GOV) shares were down 0% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $14.51 and last traded at $14.83. Approximately 3,510,000 shares changed hands during trading, an increase of 302% from the average daily volume of 873,809 shares. The stock had previously closed at $14.83.
The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The company had revenue of $107.17 million for the quarter, compared to analyst estimates of $107.56 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The firm’s revenue for the quarter was up 62.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, January 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.60%. The ex-dividend date is Friday, January 26th. Government Properties Income Trust’s payout ratio is 312.73%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elkfork Partners LLC acquired a new stake in Government Properties Income Trust in the 4th quarter valued at approximately $228,000. Sterling Capital Management LLC acquired a new stake in Government Properties Income Trust in the 4th quarter valued at approximately $1,205,000. MetLife Investment Advisors LLC acquired a new position in shares of Government Properties Income Trust during the 4th quarter valued at $832,000. Eii Capital Management Inc. acquired a new position in shares of Government Properties Income Trust during the 4th quarter valued at $279,000. Finally, LPL Financial LLC increased its position in shares of Government Properties Income Trust by 61.5% during the 4th quarter. LPL Financial LLC now owns 173,767 shares of the real estate investment trust’s stock valued at $3,222,000 after purchasing an additional 66,178 shares during the period. Hedge funds and other institutional investors own 59.38% of the company’s stock.
The stock has a market cap of $1,470.00, a PE ratio of 26.96, a PEG ratio of 1.47 and a beta of 0.95. 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 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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