Government Properties Income Trust (GOV) Announces Quarterly Dividend of $0.43

Government Properties Income Trust (NASDAQ:GOV) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Monday, January 29th will be given a dividend of 0.43 per share by the real estate investment trust on Monday, February 26th. This represents a $1.72 annualized dividend and a dividend yield of 9.64%. The ex-dividend date is Friday, January 26th.

Government Properties Income Trust (GOV) traded up $0.20 during trading on Monday, hitting $17.84. 405,500 shares of the stock traded hands, compared to its average volume of 690,215. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. The stock has a market cap of $1,730.00, a PE ratio of 32.44, a P/E/G ratio of 1.66 and a beta of 1.06. Government Properties Income Trust has a 12-month low of $17.36 and a 12-month high of $22.99.

Government Properties Income Trust (NASDAQ:GOV) last posted its quarterly earnings data 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 company 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 quarter last year, the business posted $0.54 EPS. equities research analysts forecast that Government Properties Income Trust will post 2.09 EPS for the current year.

Several analysts have recently weighed in on GOV shares. B. Riley restated a “buy” rating on shares of Government Properties Income Trust in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Jefferies Group restated a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. Finally, FBR & Co restated a “buy” rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.75.

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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.

Dividend History for Government Properties Income Trust (NASDAQ:GOV)

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