Government Properties Income Trust (GOV) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Government Properties Income Trust (NYSE:GOV) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

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. DA Davidson assumed coverage on Government Properties Income Trust in a research report on Friday, September 29th. They issued a neutral rating and a $20.00 price objective on the stock. Jefferies Group LLC restated a sell rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research report on Thursday, September 21st. Morgan Stanley restated an underweight rating and issued a $18.00 price objective (down from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Finally, FBR & Co restated an outperform rating and issued a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Government Properties Income Trust presently has a consensus rating of Hold and a consensus target price of $18.40.

Shares of Government Properties Income Trust (NYSE:GOV) traded up 0.99% on Monday, hitting $19.47. The stock had a trading volume of 167,415 shares. The firm has a 50 day moving average of $18.62 and a 200 day moving average of $19.96. The stock has a market cap of $1.87 billion, a P/E ratio of 32.89 and a beta of 1.04. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The business had revenue of $69.89 million for the quarter, compared to the consensus estimate of $69.08 million. During the same period in the prior year, the business earned $0.61 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Government Properties Income Trust will post $0.45 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in shares of Government Properties Income Trust by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Government Properties Income Trust during the first quarter worth about $127,000. Riverhead Capital Management LLC lifted its position in 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 worth $143,000 after buying an additional 3,226 shares during the period. SG Americas Securities LLC purchased a new position in Government Properties Income Trust during the second quarter worth about $145,000. Finally, Flinton Capital Management LLC lifted its position in 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 worth $145,000 after buying an additional 3,264 shares during the period.

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

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