Brokerages predict that Government Properties Income Trust (NASDAQ:GOV) will report sales of $106.97 million for the current quarter, Zacks reports. Two analysts have made estimates for Government Properties Income Trust’s earnings. The highest sales estimate is $108.25 million and the lowest is $105.68 million. Government Properties Income Trust reported sales of $69.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 54.4%. The company is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Government Properties Income Trust will report full-year sales of $106.97 million for the current fiscal year, with estimates ranging from $410.43 million to $458.34 million. For the next financial year, analysts forecast that the firm will report sales of $431.65 million per share, with estimates ranging from $396.45 million to $464.87 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Government Properties Income Trust.
Government Properties Income Trust (NASDAQ:GOV) last announced its earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The company had revenue of $107.17 million during 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%. Government Properties Income Trust’s revenue for the quarter was up 62.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share.
Several institutional investors have recently bought and sold shares of GOV. Schroder Investment Management Group acquired a new stake in Government Properties Income Trust in the 3rd quarter valued at about $168,000. Daiwa Securities Group Inc. lifted its stake in Government Properties Income Trust by 43.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 2,800 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Government Properties Income Trust in the 4th quarter valued at about $194,000. HighPoint Advisor Group LLC acquired a new stake in Government Properties Income Trust in the 3rd quarter valued at about $200,000. Finally, Elkfork Partners LLC acquired a new stake in Government Properties Income Trust in the 4th quarter valued at about $228,000. Institutional investors own 59.38% of the company’s stock.
Government Properties Income Trust (NASDAQ GOV) opened at $14.83 on Tuesday. The firm has a market cap of $1,569.48, a price-to-earnings ratio of 7.33, a P/E/G ratio of 1.47 and a beta of 0.94. 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 one year low of $14.51 and a one year high of $22.99.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, January 29th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 11.60%. Government Properties Income Trust’s dividend payout ratio is 318.52%.
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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.
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