Government Properties Income Trust (GOV) Announces Quarterly Dividend of $0.43
Government Properties Income Trust (NYSE:GOV) declared a quarterly dividend on Wednesday, October 9th, American Banking and Market News reports. Shareholders of record on Friday, October 25th will be given a dividend of $0.43 per share on Friday, November 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 7.27%.
A number of research firms have recently commented on GOV. Analysts at Jefferies Group cut their price target on shares of Government Properties Income Trust from $22.50 to $22.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Analysts at RBC Capital downgraded shares of Government Properties Income Trust from a “sector perform” rating to an “underperform” rating in a research note to investors on Monday, August 5th. They now have a $23.00 price target on the stock, down previously from $25.00.
Shares of Government Properties Income Trust (NYSE:GOV) opened at 23.66 on Wednesday. Government Properties Income Trust has a 52 week low of $21.95 and a 52 week high of $27.34. The stock’s 50-day moving average is $23.7 and its 200-day moving average is $25.01. The company has a market cap of $1.294 billion and a P/E ratio of 19.11.
Government Properties Income Trust (NYSE:GOV) last released its earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $57.30 million for the quarter, compared to the consensus estimate of $58.07 million. During the same quarter last year, the company posted $0.52 earnings per share. Government Properties Income Trust’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Government Properties Income Trust will post $2.14 earnings per share for the current fiscal year.
Government Properties Income Trust (NYSE:GOV) is a real estate investment trust (REIT).
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