Government Properties Income Trust (GOV) Stock Rating Upgraded by 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 report report published on Tuesday morning, Marketbeat Ratings reports. Morgan Stanley currently has $10.00 target price on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the stock. DA Davidson set a $13.00 price target on shares of Government Properties Income Trust and gave the stock a hold rating in a report on Tuesday, September 18th. B. Riley set a $17.00 price target on shares of Government Properties Income Trust and gave the stock a buy rating in a report on Wednesday, September 19th. BidaskClub downgraded shares of Government Properties Income Trust from a hold rating to a sell rating in a report on Friday, September 21st. ValuEngine downgraded shares of Government Properties Income Trust from a sell rating to a strong sell rating in a report on Monday, September 17th. Finally, 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. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $13.67.

Shares of Government Properties Income Trust stock opened at $10.05 on Tuesday. Government Properties Income Trust has a 12-month low of $9.16 and a 12-month high of $19.60. The stock has a market capitalization of $1.12 billion, a PE ratio of 4.98, a PEG ratio of 1.12 and a beta of 1.26. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.67.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $108.10 million for the quarter, compared to the consensus estimate of $105.95 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 54.6% on a year-over-year basis. On average, analysts anticipate that Government Properties Income Trust will post 2.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Government Properties Income Trust by 22.1% in the second quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock valued at $186,627,000 after purchasing an additional 2,132,492 shares in the last quarter. Northern Trust Corp raised its stake in Government Properties Income Trust by 1.3% in the second quarter. Northern Trust Corp now owns 1,772,313 shares of the real estate investment trust’s stock valued at $28,092,000 after purchasing an additional 22,961 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Government Properties Income Trust by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,680,894 shares of the real estate investment trust’s stock worth $26,642,000 after acquiring an additional 15,572 shares in the last quarter. LSV Asset Management raised its stake in shares of Government Properties Income Trust by 4.3% during the second quarter. LSV Asset Management now owns 1,645,780 shares of the real estate investment trust’s stock worth $26,085,000 after acquiring an additional 67,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Government Properties Income Trust by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,471,948 shares of the real estate investment trust’s stock worth $23,330,000 after acquiring an additional 27,116 shares in the last quarter. 58.23% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply