Government Properties Income Trust (GOV) Upgraded to Hold by Zacks Investment Research

Government Properties Income Trust (NASDAQ:GOV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.

According to Zacks, “Government Properties Income Trust is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT). “

GOV has been the subject of several other reports. Jefferies Group reaffirmed a “sell” rating and set a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. DA Davidson began coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $20.00 target price for the company. BidaskClub raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. ValuEngine raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Government Properties Income Trust presently has a consensus rating of “Hold” and an average price target of $18.75.

Government Properties Income Trust (GOV) traded up $0.02 on Wednesday, reaching $17.82. 551,500 shares of the company’s stock traded hands, compared to its average volume of 779,938. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. Government Properties Income Trust has a fifty-two week low of $17.36 and a fifty-two week high of $22.99. The company has a market capitalization of $1,700.00, a P/E ratio of 32.40, a PEG ratio of 1.67 and a beta of 1.06.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. research analysts expect that Government Properties Income Trust will post 2.09 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Government Properties Income Trust in the 2nd quarter worth about $228,000. Dynamic Technology Lab Private Ltd bought a new stake in Government Properties Income Trust during the 2nd quarter valued at about $348,000. LSV Asset Management lifted its holdings in Government Properties Income Trust by 27.7% during the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock valued at $29,017,000 after buying an additional 344,000 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Government Properties Income Trust by 12.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock valued at $4,032,000 after buying an additional 25,162 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Government Properties Income Trust by 18.1% during the 2nd quarter. Legal & General Group Plc now owns 335,333 shares of the real estate investment trust’s stock valued at $6,140,000 after buying an additional 51,348 shares in the last quarter. Hedge funds and other institutional investors own 58.18% of the company’s stock.

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About Government Properties Income Trust

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

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