BidaskClub Downgrades Government Properties Income Trust (GOV) to Strong Sell

BidaskClub lowered shares of Government Properties Income Trust (NASDAQ:GOV) from a sell rating to a strong sell rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the stock. B. Riley reaffirmed a buy rating on shares of Government Properties Income Trust in a research report on Wednesday, November 1st. FBR & Co reaffirmed a buy rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. ValuEngine raised shares of Government Properties Income Trust from a hold rating to a buy rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Government Properties Income Trust from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group reaffirmed a sell rating and set a $14.00 price target on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Government Properties Income Trust has a consensus rating of Hold and an average target price of $18.75.

Government Properties Income Trust (NASDAQ GOV) opened at $16.10 on Friday. Government Properties Income Trust has a 52-week low of $15.63 and a 52-week high of $22.99. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. The company has a market cap of $1,600.00, a P/E ratio of 29.27, a P/E/G ratio of 1.50 and a beta of 0.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, January 29th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 10.68%. The ex-dividend date of this dividend is Friday, January 26th. Government Properties Income Trust’s payout ratio is currently 312.73%.

Several institutional investors have recently added to or reduced their stakes in GOV. Teachers Advisors LLC increased its position in shares of Government Properties Income Trust by 1.2% in the second quarter. Teachers Advisors LLC now owns 126,171 shares of the real estate investment trust’s stock worth $2,310,000 after acquiring an additional 1,541 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Government Properties Income Trust by 2.9% in the second quarter. Nationwide Fund Advisors now owns 46,009 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 1,300 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Government Properties Income Trust by 3.8% in the second quarter. New York State Common Retirement Fund now owns 76,400 shares of the real estate investment trust’s stock worth $1,399,000 after acquiring an additional 2,799 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Government Properties Income Trust in the second quarter worth $228,000. Finally, Northern Trust Corp increased its position in shares of Government Properties Income Trust by 16.3% in the second quarter. Northern Trust Corp now owns 1,328,007 shares of the real estate investment trust’s stock worth $24,316,000 after acquiring an additional 186,278 shares in the last quarter. 59.38% 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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