Government Properties Income Trust (NASDAQ:GOV) – Stock analysts at DA Davidson raised their Q2 2018 earnings estimates for Government Properties Income Trust in a report released on Tuesday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $0.54 per share for the quarter, up from their prior estimate of $0.52. DA Davidson also issued estimates for Government Properties Income Trust’s Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $2.08 EPS and FY2019 earnings at $1.97 EPS.
Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. The business had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $107.56 million. During the same period in the previous year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 62.3% on a year-over-year basis.
Government Properties Income Trust (GOV) opened at $13.72 on Wednesday. Government Properties Income Trust has a 52 week low of $13.61 and a 52 week high of $22.99. The company has a market cap of $1,388.03, a price-to-earnings ratio of 72.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. The company has a quick ratio of 9.44, a current ratio of 1.47 and a debt-to-equity ratio of 1.70.
Several hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new stake in Government Properties Income Trust during the 3rd quarter valued at about $168,000. Daiwa Securities Group Inc. lifted its holdings in Government Properties Income Trust by 43.8% during 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 buying an additional 2,800 shares in the last quarter. Mutual Advisors LLC bought a new stake in Government Properties Income Trust during the 4th quarter valued at about $194,000. HighPoint Advisor Group LLC bought a new stake in Government Properties Income Trust during the 3rd quarter valued at about $200,000. Finally, Elkfork Partners LLC bought a new stake in Government Properties Income Trust during the 4th quarter valued at about $228,000. 59.38% of the stock is owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, January 26th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.54%. Government Properties Income Trust’s dividend payout ratio is presently 905.31%.
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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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