Government Properties Income Trust (GOV) Upgraded by ValuEngine to Buy

Government Properties Income Trust (NASDAQ:GOV) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. B. Riley reiterated a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Jefferies Group restated a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Government Properties Income Trust has a consensus rating of “Hold” and a consensus target price of $18.75.

Government Properties Income Trust (GOV) traded up $0.17 on Friday, hitting $18.82. The stock had a trading volume of 429,023 shares, compared to its average volume of 435,412. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. The company has a market cap of $1,865.93, a P/E ratio of 8.71, a PEG ratio of 1.80 and a beta of 1.05.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. research analysts expect that Government Properties Income Trust will post 2.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of GOV. Daiwa Securities Group Inc. grew 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 acquiring an additional 800 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings 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 buying an additional 3,226 shares in the last quarter. SG Americas Securities LLC acquired a new position in Government Properties Income Trust during the 2nd quarter worth $145,000. Flinton Capital Management LLC lifted its holdings 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 buying an additional 3,264 shares in the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings 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 buying an additional 6,008 shares in the last quarter. Hedge funds and other institutional investors 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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