Government Properties Income Trust (GOV) Lifted to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Government Properties Income Trust (NASDAQ:GOV) from an underweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage currently has $10.00 price objective on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of Government Properties Income Trust from a strong sell rating to a sell rating in a report on Wednesday, August 15th. TheStreet raised shares of Government Properties Income Trust from a d+ rating to a c rating in a report on Friday, August 3rd. Royal Bank of Canada set a $14.00 price target on shares of Government Properties Income Trust and gave the stock a sell rating in a report on Wednesday, August 8th. BidaskClub raised shares of Government Properties Income Trust from a hold rating to a buy rating in a report on Thursday, June 21st. Finally, Bank of America increased their price target on shares of Government Properties Income Trust from $12.50 to $14.00 and gave the stock an underperform rating in a report on Monday, August 13th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $13.67.

Shares of NASDAQ:GOV traded up $0.08 on Tuesday, reaching $9.64. The company’s stock had a trading volume of 26,221 shares, compared to its average volume of 3,175,436. Government Properties Income Trust has a 52-week low of $9.16 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $955.96 million, a price-to-earnings ratio of 4.80, a PEG ratio of 0.97 and a beta of 1.25.

Government Properties Income Trust (NASDAQ:GOV) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. The business had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $105.95 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 54.6% compared to the same quarter last year. As a group, research analysts forecast that Government Properties Income Trust will post 1.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, October 29th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, October 26th. This represents a $1.72 annualized dividend and a yield of 17.84%. Government Properties Income Trust’s dividend payout ratio is currently 85.15%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOV. Macquarie Group Ltd. grew its position in Government Properties Income Trust by 7.5% during the second quarter. Macquarie Group Ltd. now owns 63,400 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 4,400 shares during the period. Rehmann Capital Advisory Group grew its position in Government Properties Income Trust by 243.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 5,323 shares during the period. Atria Investments LLC grew its position in Government Properties Income Trust by 32.9% during the second quarter. Atria Investments LLC now owns 23,219 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 5,754 shares during the period. New York State Common Retirement Fund grew its position in Government Properties Income Trust by 7.0% during the first quarter. New York State Common Retirement Fund now owns 98,800 shares of the real estate investment trust’s stock worth $1,350,000 after buying an additional 6,500 shares during the period. Finally, Rhumbline Advisers grew its position in Government Properties Income Trust by 3.3% during the second quarter. Rhumbline Advisers now owns 256,039 shares of the real estate investment trust’s stock worth $4,058,000 after buying an additional 8,243 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Government Properties Income Trust Company Profile

Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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

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