Trade Report: The FY2016 EPS Estimates for Government Properties Income Trust (GOV) Decreased by Analyst

The FY2016 EPS Estimates for Government Properties Income Trust (GOV) Decreased by Analyst

Government Properties Income Trust (NYSE:GOV) – Analysts at FBR & Co decreased their FY2016 earnings per share (EPS) estimates for Government Properties Income Trust in a research report issued on Friday. FBR & Co analyst Maher. B now forecasts that the firm will earn $2.36 per share for the year, down from their previous estimate of $2.41. FBR & Co has a “Buy” rating and a $25.00 price target on the stock. FBR & Co also issued estimates for Government Properties Income Trust’s Q4 2016 earnings at $0.58 EPS, Q2 2017 earnings at $0.59 EPS, Q1 2018 earnings at $0.61 EPS, Q2 2018 earnings at $0.61 EPS and Q3 2018 earnings at $0.59 EPS.

Several other research analysts have also recently issued reports on GOV. Zacks Investment Research cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Jefferies Group cut shares of Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 target price for the company. in a report on Tuesday, July 19th.

Shares of Government Properties Income Trust (NYSE:GOV) opened at 19.09 on Monday. The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.

Government Properties Income Trust (NYSE:GOV) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business 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. Government Properties Income Trust’s quarterly revenue was up 3.9% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its position in Government Properties Income Trust by 0.7% in the second quarter. M&T Bank Corp now owns 12,869 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 89 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Government Properties Income Trust by 1.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,790 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 129 shares during the last quarter. Benedict Financial Advisors Inc. boosted its position in Government Properties Income Trust by 0.9% in the second quarter. Benedict Financial Advisors Inc. now owns 16,400 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 143 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Government Properties Income Trust by 1.5% in the second quarter. Hsbc Holdings PLC now owns 10,699 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 153 shares during the period. Finally, Camelot Portfolios LLC raised its stake in shares of Government Properties Income Trust by 1.0% in the second quarter. Camelot Portfolios LLC now owns 16,062 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 153 shares during the period.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Stockholders of record on Friday, October 21st will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.72 annualized dividend and a dividend yield of 9.01%. Government Properties Income Trust’s payout ratio is -76.11%.

Government Properties Income Trust Company Profile

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