Trading Report: Today, Government Properties Income Trust (GOV) Rating Decreased to Sell at The Zacks Investment Research

Today, Government Properties Income Trust (GOV) Rating Decreased to Sell at The Zacks Investment Research

Government Properties Income Trust (NYSE:GOV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Government Properties Income Trust is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT). “

GOV has been the topic of several other reports. RBC Capital Markets reiterated an “underperform” rating and issued a $17.00 price objective (down from $19.00) on shares of Government Properties Income Trust in a research report on Monday, October 31st. FBR & Co set a $25.00 price objective on shares of Government Properties Income Trust and gave the stock a “buy” rating in a research report on Friday, October 28th. Jefferies Group lowered shares of Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, July 19th. Finally, Royal Bank Of Canada decreased their price objective on shares of Government Properties Income Trust from $19.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, October 31st. Four investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $19.80.

Shares of Government Properties Income Trust (NYSE:GOV) traded up 0.53% on Tuesday, reaching $19.07. 144,538 shares of the company’s stock traded hands. Government Properties Income Trust has a 52 week low of $18.99 and a 52 week high of $19.21. The stock’s 50-day moving average price is $19.44 and its 200-day moving average price is $21.53.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by $0.03. The company had revenue of $64.50 million for the quarter, compared to analyst estimates of $64.09 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Government Properties Income Trust will post $2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Friday, October 21st were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.02%. The ex-dividend date was Wednesday, October 19th. Government Properties Income Trust’s payout ratio is -76.11%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System increased its position in shares of Government Properties Income Trust by 0.4% in the second quarter. New York State Teachers Retirement System now owns 53,229 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. increased its position in shares of Government Properties Income Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 9,020 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 330 shares during the last quarter. Barclays PLC increased its position in shares of Government Properties Income Trust by 514.9% in the first quarter. Barclays PLC now owns 42,942 shares of the real estate investment trust’s stock valued at $730,000 after buying an additional 35,958 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Government Properties Income Trust by 2.8% in the second quarter. UBS Asset Management Americas Inc. now owns 125,251 shares of the real estate investment trust’s stock valued at $2,888,000 after buying an additional 3,370 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Government Properties Income Trust during the second quarter valued at $4,070,000.

About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in 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 Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Minnesota, Massachusetts, Missouri, New Jersey, New York, New Mexico, Oregon, South Carolina, Texas, Vermont, Washington West Virginia and Wyoming, among others.

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