Government Properties Income Trust (NYSE:GOV) – Investment analysts at FBR & Co lifted their Q2 2017 EPS estimates for shares of Government Properties Income Trust in a note issued to investors on Wednesday. FBR & Co analyst Maher. B now anticipates that the real estate investment trust will earn $0.58 per share for the quarter, up from their prior estimate of $0.57. FBR & Co has a “Outperform” rating and a $23.00 price target on the stock. FBR & Co also issued estimates for Government Properties Income Trust’s FY2018 earnings at $2.30 EPS.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $69.30 million for the quarter, compared to the consensus estimate of $67.44 million. Government Properties Income Trust had a return on equity of 3.25% and a net margin of 6.96%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 EPS. ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/07/equities-analysts-issue-forecasts-for-government-properties-income-trusts-q2-2017-earnings-gov.html.

A number of other analysts also recently issued reports on GOV. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley reaffirmed an “underweight” rating and set a $18.50 price target (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and set a $15.00 price target on shares of Government Properties Income Trust in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.10.

Government Properties Income Trust (NYSE GOV) opened at 17.76 on Friday. Government Properties Income Trust has a 52 week low of $17.68 and a 52 week high of $18.07.

Hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in shares of Government Properties Income Trust by 33.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,400 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Government Properties Income Trust during the first quarter worth $127,000. Winslow Evans & Crocker Inc. increased its stake in shares of Government Properties Income Trust by 41.5% in the first quarter. Winslow Evans & Crocker Inc. now owns 6,136 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 1,800 shares during the period. WFG Advisors LP increased its stake in shares of Government Properties Income Trust by 81.5% in the first quarter. WFG Advisors LP now owns 7,642 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,432 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Government Properties Income Trust during the first quarter worth $211,000.

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.

Earnings History and Estimates for Government Properties Income Trust (NYSE:GOV)

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