Government Properties Income Trust (GOV) Reaches New 52-Week Low at $13.22

Government Properties Income Trust (NASDAQ:GOV)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $13.22 and last traded at $13.22, with a volume of 429019 shares trading hands. The stock had previously closed at $13.47.

GOV has been the topic of several recent analyst reports. BidaskClub lowered Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. TheStreet lowered Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Monday, February 26th. ValuEngine lowered Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, B. Riley set a $21.00 price target on Government Properties Income Trust and gave the company a “buy” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.33.

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The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1,335.49, a price-to-earnings ratio of 68.53, a PEG ratio of 1.29 and a beta of 1.10.

Government Properties Income Trust (NASDAQ:GOV) last posted its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The firm had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $107.56 million. Government Properties Income Trust had a net margin of 3.82% and a return on equity of 1.22%. Government Properties Income Trust’s quarterly revenue was up 62.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. research analysts expect that Government Properties Income Trust will post 2.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were issued a $0.43 dividend. The ex-dividend date was Friday, January 26th. This represents a $1.72 annualized dividend and a dividend yield of 13.21%. Government Properties Income Trust’s dividend payout ratio is presently 905.31%.

Several hedge funds have recently bought and sold shares of GOV. Schroder Investment Management Group purchased a new stake in shares of Government Properties Income Trust in the 3rd quarter valued at $168,000. Mutual Advisors LLC purchased a new stake in shares of Government Properties Income Trust in the 4th quarter valued at $194,000. Elkfork Partners LLC purchased a new stake in Government Properties Income Trust during the 4th quarter worth about $228,000. Wilen Investment Management CORP. purchased a new stake in Government Properties Income Trust during the 4th quarter worth about $230,000. Finally, Amalgamated Bank purchased a new stake in Government Properties Income Trust during the 3rd quarter worth about $239,000. Hedge funds and other institutional investors own 59.28% of the company’s stock.

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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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