Government Properties Income Trust (NASDAQ:GOV) released its earnings results on Monday. 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), Bloomberg Earnings reports. The firm had revenue of $107.17 million during the quarter, compared to the consensus estimate of $107.56 million. Government Properties Income Trust had a return on equity of 1.29% and a net margin of 3.82%. The business’s quarterly revenue was up 62.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS.
Government Properties Income Trust (NASDAQ GOV) opened at $14.00 on Wednesday. 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 company has a market capitalization of $1,470.33, a P/E ratio of 73.69, a price-to-earnings-growth ratio of 1.38 and a beta of 0.94. Government Properties Income Trust has a 12 month low of $13.98 and a 12 month high of $22.99.
The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, January 29th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, January 26th. This represents a $1.72 dividend on an annualized basis and a yield of 12.29%. Government Properties Income Trust’s dividend payout ratio (DPR) is currently 905.31%.
A number of analysts recently weighed in on the company. ValuEngine upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet downgraded Government Properties Income Trust from a “c” rating to a “d+” rating in a research report on Monday. BidaskClub cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.33.
WARNING: “Government Properties Income Trust (GOV) Announces Earnings Results, Misses Expectations By $0.05 EPS” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3228365/government-properties-income-trust-gov-announces-earnings-results-misses-expectations-by-0-05-eps.html.
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.
Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.