Government Properties Income Trust (NASDAQ:GOV) declared a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Investors of record on Monday, January 29th will be given a dividend of 0.43 per share by the real estate investment trust on Monday, February 26th. This represents a $1.72 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend is Friday, January 26th.
Shares of Government Properties Income Trust (GOV) opened at $16.12 on Wednesday. The stock has a market cap of $1,598.23, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. Government Properties Income Trust has a 12-month low of $15.63 and a 12-month high of $22.99.
A number of research analysts have recently weighed in on GOV shares. ValuEngine downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reiterated a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday, October 24th. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, B. Riley reiterated a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.75.
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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