Government Properties Income Trust (NASDAQ:GOV) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other analysts have also commented on GOV. Jefferies Group reissued a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research report on Thursday, September 21st. DA Davidson initiated coverage on shares of Government Properties Income Trust in a research report on Friday, September 29th. They set a “neutral” rating and a $20.00 price target for the company. Zacks Investment Research lowered shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. FBR & Co reissued a “buy” rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. Finally, B. Riley reissued a “buy” rating on shares of Government Properties Income Trust in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Government Properties Income Trust has an average rating of “Hold” and a consensus target price of $18.75.

Government Properties Income Trust (GOV) traded down $0.13 during trading hours on Thursday, reaching $17.69. 499,669 shares of the company were exchanged, compared to its average volume of 666,146. Government Properties Income Trust has a 52 week low of $17.36 and a 52 week high of $22.99. The stock has a market capitalization of $1,700.00, a price-to-earnings ratio of 32.16, a PEG ratio of 1.66 and a beta of 1.06. The company has a current ratio of 9.44, a quick ratio of 9.44 and a debt-to-equity ratio of 1.52.

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

Several hedge funds have recently added to or reduced their stakes in GOV. Vanguard Group Inc. increased 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 acquiring an additional 2,989,467 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Government Properties Income Trust during the second quarter valued at about $630,000. Laurion Capital Management LP acquired a new position in shares of Government Properties Income Trust during the second quarter valued at about $9,301,000. Citigroup Inc. increased its holdings in shares of Government Properties Income Trust by 363.5% during the second quarter. Citigroup Inc. now owns 424,635 shares of the real estate investment trust’s stock valued at $7,775,000 after acquiring an additional 333,016 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Government Properties Income Trust during the second quarter valued at about $5,275,000. 58.18% of the stock is owned by institutional investors and hedge funds.

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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.

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

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