Government Properties Income Trust (GOV) Expected to Announce Earnings of $0.55 Per Share

Wall Street brokerages predict that Government Properties Income Trust (NASDAQ:GOV) will post $0.55 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Government Properties Income Trust’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.53. Government Properties Income Trust posted earnings of $0.17 per share in the same quarter last year, which would suggest a positive year over year growth rate of 223.5%. The firm is expected to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Government Properties Income Trust will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.07 to $2.12. For the next fiscal year, analysts anticipate that the business will post earnings of $2.18 per share, with EPS estimates ranging from $2.10 to $2.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Several research firms have issued reports on GOV. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. ValuEngine upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson began coverage on Government Properties Income Trust in a research report on Friday, September 29th. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $18.00 price objective (down previously from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.75.

Government Properties Income Trust (NASDAQ GOV) opened at $18.82 on Friday. The stock has a market capitalization of $1,810.00, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date was Friday, October 20th. Government Properties Income Trust’s dividend payout ratio is currently 312.73%.

Several hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in Government Properties Income Trust by 14.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC increased its position in Government Properties Income Trust by 70.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 3,226 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Government Properties Income Trust during the 2nd quarter worth about $145,000. Flinton Capital Management LLC increased its position in Government Properties Income Trust by 70.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its position in Government Properties Income Trust by 294.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 8,045 shares of the real estate investment trust’s stock worth $927,000 after purchasing an additional 6,008 shares in the last quarter. Institutional investors and hedge funds own 58.32% of the company’s stock.

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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.

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