Jefferies Group Analysts Boost Earnings Estimates for Government Properties Income Trust (GOV)

Government Properties Income Trust (NASDAQ:GOV) – Analysts at Jefferies Group boosted their Q4 2017 earnings per share estimates for shares of Government Properties Income Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.50. Jefferies Group has a “Sell” rating and a $14.00 price target on the stock.

Several other research firms have also weighed in on GOV. B. Riley reissued a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. BidaskClub lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. FBR & Co reissued a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Finally, ValuEngine raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ GOV) opened at $17.64 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. The firm has a market capitalization of $1,774.71, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Government Properties Income Trust has a twelve month low of $17.36 and a twelve month high of $22.99.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in shares of Government Properties Income Trust by 70.1% during the second quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 3,226 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Government Properties Income Trust during the second quarter valued at $145,000. Flinton Capital Management LLC boosted its stake in shares of Government Properties Income Trust by 70.1% during the second quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 3,264 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Government Properties Income Trust by 294.9% during the second quarter. Archford Capital Strategies LLC now owns 8,045 shares of the real estate investment trust’s stock valued at $927,000 after acquiring an additional 6,008 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Government Properties Income Trust during the third quarter valued at $168,000. 58.18% of the stock is currently owned by institutional investors and hedge funds.

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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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