Government Properties Income Trust’s (GOV) Sell Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their sell rating on shares of Government Properties Income Trust (NASDAQ:GOV) in a research note released on Monday morning.

A number of other analysts have also recently issued reports on GOV. BidaskClub cut shares of Government Properties Income Trust from a hold rating to a sell rating in a research note on Friday, December 22nd. B. Riley reduced their price objective on shares of Government Properties Income Trust from $21.00 to $19.00 and set a buy rating for the company in a research note on Tuesday, April 10th. Royal Bank of Canada reissued a sell rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. Jefferies Group reissued a sell rating on shares of Government Properties Income Trust in a research note on Wednesday, April 4th. Finally, Zacks Investment Research raised shares of Government Properties Income Trust from a sell rating to a hold rating in a research note on Wednesday, January 3rd. Four equities research 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 stock has an average rating of Hold and an average target price of $17.17.

GOV opened at $12.29 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.47 and a current ratio of 1.47. Government Properties Income Trust has a 1-year low of $11.87 and a 1-year high of $22.99. The company has a market capitalization of $1,227.42, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $107.56 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The firm’s revenue was up 62.3% on a year-over-year basis. equities analysts anticipate that Government Properties Income Trust will post 2 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of GOV. LPL Financial LLC grew its stake in shares of Government Properties Income Trust by 61.5% in the 4th quarter. LPL Financial LLC now owns 173,767 shares of the real estate investment trust’s stock worth $3,222,000 after buying an additional 66,178 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Government Properties Income Trust in the 4th quarter worth $194,000. US Bancorp DE grew its stake in shares of Government Properties Income Trust by 47.1% in the 4th quarter. US Bancorp DE now owns 25,626 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 8,205 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Government Properties Income Trust by 59.5% in the 4th quarter. Pinebridge Investments L.P. now owns 160,106 shares of the real estate investment trust’s stock worth $2,968,000 after buying an additional 59,701 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Government Properties Income Trust by 1,207.0% in the 4th quarter. Renaissance Technologies LLC now owns 541,100 shares of the real estate investment trust’s stock worth $10,032,000 after buying an additional 499,700 shares in the last quarter. 59.27% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Government Properties Income Trust (NASDAQ:GOV)

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