Wall Street brokerages forecast that Government Properties Income Trust (NYSE:GOV) will announce earnings per share (EPS) of $0.59 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Government Properties Income Trust’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. Government Properties Income Trust reported earnings of $0.61 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 1st.

On average, analysts expect that Government Properties Income Trust will report full-year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.30. For the next fiscal year, analysts anticipate that the business will post earnings of $2.26 per share, with EPS estimates ranging from $2.25 to $2.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Government Properties Income Trust.

Government Properties Income Trust (NYSE:GOV) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by $0.02. The business had revenue of $69.30 million for the quarter, compared to analyst estimates of $67.44 million. Government Properties Income Trust had a return on equity of 3.25% and a net margin of 6.96%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS.

GOV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, June 29th. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a report on Friday, July 14th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $18.50 price target (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.90.

Several hedge funds and other institutional investors have recently made changes to their positions in GOV. 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 valued at $117,000 after buying an additional 1,400 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Government Properties Income Trust during the first quarter valued at about $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 valued at $128,000 after buying an additional 1,800 shares during the last quarter. 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 valued at $160,000 after buying an additional 3,432 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Government Properties Income Trust during the first quarter valued at about $211,000.

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Shares of Government Properties Income Trust (NYSE GOV) traded up 1.82% on Wednesday, reaching $17.89. The company’s stock had a trading volume of 1,058,755 shares. Government Properties Income Trust has a 12-month low of $17.56 and a 12-month high of $17.94. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 26.62 and a beta of 1.04.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 24th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date is Thursday, July 20th. Government Properties Income Trust’s payout ratio is -76.11%.

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

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