Government Properties Income Trust (GOV) Plans Quarterly Dividend of $0.43
Government Properties Income Trust (NYSE:GOV) announced a quarterly dividend on Friday, January 3rd, StockRatingsNetwork reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.43 per share on Friday, February 21st. This represents a $1.72 annualized dividend and a dividend yield of 6.93%.
On a related note, analysts at Jefferies Group raised their price target on shares of Government Properties Income Trust from $21.00 to $22.00 in a research note to investors on Tuesday, November 5th. They now have a “hold” rating on the stock.
Shares of Government Properties Income Trust (NYSE:GOV) opened at 24.82 on Friday. Government Properties Income Trust has a 52 week low of $23.00 and a 52 week high of $27.34. The stock has a 50-day moving average of $24.72 and a 200-day moving average of $24.60. The company has a market cap of $1.358 billion and a price-to-earnings ratio of 24.51.
Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $56.40 million for the quarter, compared to the consensus estimate of $57.12 million. During the same quarter last year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
Government Properties Income Trust (NYSE:GOV) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.