Government Properties Income Trust (GOV) Set to Announce Quarterly Earnings on Tuesday
Government Properties Income Trust (NYSE:GOV) will be issuing its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $69.89 million during the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. On average, analysts expect Government Properties Income Trust to post $0.45 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.
Government Properties Income Trust (NYSE:GOV) traded up 0.11% during mid-day trading on Tuesday, reaching $18.14. The company had a trading volume of 331,578 shares. The stock has a market cap of $1.74 billion, a PE ratio of 30.64 and a beta of 1.04. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99. The firm’s 50-day moving average price is $18.76 and its 200-day moving average price is $19.85.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date is Friday, October 20th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.
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GOV has been the subject of a number of research reports. FBR & Co reiterated an “outperform” rating and set a $23.00 target price (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Zacks Investment Research cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Morgan Stanley reiterated an “underweight” rating and set a $18.00 target price (down previously from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday. Four research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.40.
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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