Government Properties Income Trust (NYSE:GOV) released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01, Bloomberg Earnings reports. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The business had revenue of $69.89 million for the quarter, compared to the consensus estimate of $69.08 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.
Government Properties Income Trust (NYSE GOV) opened at 18.19 on Friday. Government Properties Income Trust has a 1-year low of $17.93 and a 1-year high of $18.21.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 24th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.72 dividend on an annualized basis and a yield of 9.46%. Government Properties Income Trust’s dividend payout ratio is presently -76.11%.
A number of research firms have recently commented on GOV. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC reiterated a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a report on Friday, July 14th. FBR & Co reiterated an “outperform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $18.50 price objective (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. Government Properties Income Trust currently has an average rating of “Sell” and a consensus target price of $18.90.
A number of large investors have recently added to or reduced their stakes in the company. Benedict Financial Advisors Inc. increased its stake in Government Properties Income Trust by 0.9% in the first quarter. Benedict Financial Advisors Inc. now owns 16,047 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 139 shares during the period. Wedbush Securities Inc. increased its stake in Government Properties Income Trust by 0.9% in the first quarter. Wedbush Securities Inc. now owns 22,009 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 200 shares during the period. Wellington Management Group LLP increased its stake in Government Properties Income Trust by 0.9% in the first quarter. Wellington Management Group LLP now owns 24,201 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 205 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Government Properties Income Trust by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,775 shares of the real estate investment trust’s stock worth $1,419,000 after buying an additional 396 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Government Properties Income Trust by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,000 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 400 shares during the period.
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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