Equities analysts predict that Government Properties Income Trust (NYSE:GOV) will announce earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Government Properties Income Trust’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.59. Government Properties Income Trust reported earnings per share of $0.62 in the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, April 27th.

On average, analysts expect that Government Properties Income Trust will report full-year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.34. For the next year, analysts expect that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.04 to $2.43. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Government Properties Income Trust.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.39. The company had revenue of $66.03 million for the quarter, compared to analysts’ expectations of $64.54 million. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share.

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Separately, FBR & Co restated a “buy” rating and set a $25.00 price objective on shares of Government Properties Income Trust in a research report on Wednesday, February 22nd.

Shares of Government Properties Income Trust (NYSE:GOV) opened at 22.19 on Thursday. The company’s 50-day moving average is $20.75 and its 200-day moving average is $19.85. The stock has a market cap of $1.58 billion, a P/E ratio of 27.33 and a beta of 1.04. Government Properties Income Trust has a 12-month low of $17.66 and a 12-month high of $24.61.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Friday, April 21st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.75%. The ex-dividend date is Wednesday, April 19th. Government Properties Income Trust’s payout ratio is -76.11%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Government Properties Income Trust by 4.6% in the fourth quarter. State Street Corp now owns 1,745,740 shares of the real estate investment trust’s stock valued at $33,283,000 after buying an additional 76,282 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Government Properties Income Trust by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,115,795 shares of the real estate investment trust’s stock valued at $25,240,000 after buying an additional 45,084 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Government Properties Income Trust by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,074,400 shares of the real estate investment trust’s stock valued at $20,483,000 after buying an additional 53,800 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Government Properties Income Trust by 91.1% in the third quarter. James Investment Research Inc. now owns 765,546 shares of the real estate investment trust’s stock valued at $17,316,000 after buying an additional 365,027 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Government Properties Income Trust during the fourth quarter valued at approximately $14,399,000.

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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