Government Properties Income Trust (NYSE:GOV) – Equities researchers at Jefferies Group upped their FY2017 earnings estimates for shares of Government Properties Income Trust in a report issued on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $2.25 for the year, up from their previous estimate of $2.24.

Separately, FBR & Co reissued a “buy” rating and issued a $25.00 price objective on shares of Government Properties Income Trust in a research report on Wednesday, February 22nd.

Earnings History and Estimates for Government Properties Income Trust (NYSE:GOV)

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Government Properties Income Trust (NYSE:GOV) traded down 0.13% during trading on Tuesday, hitting $22.70. The company had a trading volume of 362,483 shares. Government Properties Income Trust has a 12 month low of $17.66 and a 12 month high of $24.61. The company has a market cap of $1.62 billion, a PE ratio of 27.96 and a beta of 1.04. The company’s 50 day moving average price is $20.65 and its 200-day moving average price is $19.83.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.39. The company earned $66.03 million during the quarter, compared to analysts’ expectations of $64.54 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its position in Government Properties Income Trust by 6.1% in the third quarter. New York State Common Retirement Fund now owns 73,600 shares of the real estate investment trust’s stock worth $1,665,000 after buying an additional 4,200 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Government Properties Income Trust by 1.0% in the third quarter. UBS Asset Management Americas Inc. now owns 126,485 shares of the real estate investment trust’s stock worth $2,861,000 after buying an additional 1,234 shares during the last quarter. KBC Group NV boosted its position in Government Properties Income Trust by 84.3% in the third quarter. KBC Group NV now owns 27,039 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 12,365 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Government Properties Income Trust by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,115,795 shares of the real estate investment trust’s stock worth $25,240,000 after buying an additional 45,084 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Government Properties Income Trust by 2.9% in the third quarter. Aperio Group LLC now owns 37,262 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 1,054 shares during the last quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Friday, April 21st will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, April 19th. This represents a $1.72 dividend on an annualized basis and a yield of 7.57%. Government Properties Income Trust’s payout ratio is currently -76.11%.

Government Properties Income Trust Company Profile

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.

5 Day Chart for NYSE:GOV

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