Government Properties Income Trust (NYSE:GOV) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.40.

Several research firms have recently issued reports on GOV. Jefferies Group LLC reaffirmed a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday. BidaskClub raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, October 9th. DA Davidson started coverage on Government Properties Income Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st.

Shares of Government Properties Income Trust (NYSE:GOV) opened at 18.12 on Tuesday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 30.61 and a beta of 1.04. The company has a 50-day moving average price of $18.76 and a 200-day moving average price of $19.85. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million during the quarter, compared to the consensus estimate of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. Analysts forecast that Government Properties Income Trust will post $0.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.72 annualized dividend and a yield of 9.49%. Government Properties Income Trust’s payout ratio is -76.11%.

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A number of institutional investors have recently bought and sold shares of GOV. Vanguard Group Inc. lifted its holdings in shares of Government Properties Income Trust by 20.7% during the second quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock valued at $319,052,000 after purchasing an additional 2,989,467 shares during the last quarter. BlackRock Inc. raised its holdings in Government Properties Income Trust by 9,060.9% in the 1st quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock worth $154,305,000 after acquiring an additional 7,292,039 shares during the last quarter. State Street Corp raised its holdings in Government Properties Income Trust by 8.4% in the 2nd quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock worth $36,885,000 after acquiring an additional 156,443 shares during the last quarter. LSV Asset Management raised its holdings in Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after acquiring an additional 344,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Government Properties Income Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,450,063 shares of the real estate investment trust’s stock worth $26,551,000 after acquiring an additional 165,231 shares during the last quarter.

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.

Analyst Recommendations for Government Properties Income Trust (NYSE:GOV)

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