Government Properties Income Trust (NYSE:GOV)‘s stock had its “buy” rating reaffirmed by B. Riley in a research report issued on Wednesday.

Several other equities research analysts also recently commented on the company. BidaskClub raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, October 9th. DA Davidson assumed coverage on Government Properties Income Trust in a report on Friday, September 29th. They issued a “neutral” rating and a $20.00 price objective for the company. Morgan Stanley reissued an “underweight” rating and issued a $18.00 price objective (down previously from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.75.

Government Properties Income Trust (GOV) traded down $0.14 during trading hours on Wednesday, reaching $18.43. 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 released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm had revenue of $70.18 million for the quarter, compared to analyst estimates of $69.80 million. During the same period last year, the company earned $0.54 EPS. The company’s revenue was up 8.8% compared to the same quarter last year.

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

Government Properties Income Trust Company Profile

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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