Government Properties Income Trust (NASDAQ:GOV) Stock Rating Lowered by Zacks Investment Research

Government Properties Income Trust (NASDAQ:GOV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, March 21st.

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). “

How to Become a New Pot Stock Millionaire

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research report on Monday, February 26th. B. Riley set a $21.00 price target on shares of Government Properties Income Trust and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada reissued a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday, February 27th. BidaskClub cut shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, February 17th. Finally, ValuEngine cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of Government Properties Income Trust stock traded up $0.17 during trading hours on Wednesday, hitting $12.25. 631,887 shares of the company’s stock traded hands, compared to its average volume of 1,054,039. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $1,197.68, a PE ratio of 6.06, a P/E/G ratio of 1.19 and a beta of 1.10. Government Properties Income Trust has a twelve month low of $11.87 and a twelve month high of $22.99.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing the 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 company had revenue of $107.17 million for the quarter, compared to the consensus estimate of $107.56 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 62.3% on a year-over-year basis. equities analysts expect that Government Properties Income Trust will post 2.03 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schroder Investment Management Group bought a new position in Government Properties Income Trust in the third quarter worth about $168,000. Mutual Advisors LLC bought a new stake in shares of Government Properties Income Trust during the fourth quarter valued at approximately $194,000. Elkfork Partners LLC bought a new stake in shares of Government Properties Income Trust during the fourth quarter valued at approximately $228,000. Wilen Investment Management CORP. bought a new stake in shares of Government Properties Income Trust during the fourth quarter valued at approximately $230,000. Finally, Amalgamated Bank bought a new stake in shares of Government Properties Income Trust during the third quarter valued at approximately $239,000. 59.28% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2018/04/16/zacks-investment-research-lowers-government-properties-income-trust-gov-to-sell.html.

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.

Get a free copy of the Zacks research report on Government Properties Income Trust (GOV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply