Equities research analysts forecast that Government Properties Income Trust (NYSE:GOV) will report sales of $70.28 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Government Properties Income Trust’s earnings, with the lowest sales estimate coming in at $69.87 million and the highest estimate coming in at $70.68 million. Government Properties Income Trust posted sales of $64.48 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The business is expected to report its next earnings report on Thursday, October 26th.

On average, analysts expect that Government Properties Income Trust will report full year sales of $70.28 million for the current year. For the next financial year, analysts expect that the company will report sales of $283.13 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Government Properties Income Trust.

Government Properties Income Trust (NYSE:GOV) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $69.89 million for the quarter, compared to analyst estimates of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS.

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

Hedge funds have recently modified their holdings of the stock. Caxton Associates LP acquired a new stake in shares of Government Properties Income Trust during the first quarter worth approximately $379,000. Mason Street Advisors LLC increased its stake in shares of Government Properties Income Trust by 6.9% in the first quarter. Mason Street Advisors LLC now owns 16,635 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 1,081 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Government Properties Income Trust by 1.1% in the first quarter. Arizona State Retirement System now owns 37,047 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 400 shares during the last quarter. Creative Planning increased its stake in shares of Government Properties Income Trust by 33.2% in the first quarter. Creative Planning now owns 11,351 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 2,827 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Government Properties Income Trust during the fourth quarter worth approximately $14,399,000.

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Government Properties Income Trust (NYSE:GOV) opened at 18.59 on Wednesday. Government Properties Income Trust has a 12-month low of $18.49 and a 12-month high of $18.59.

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 given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.28%. 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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