Government Properties Income Trust (NYSE:GOV) Receiving Somewhat Positive News Coverage, Study Shows
News coverage about Government Properties Income Trust (NYSE:GOV) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Government Properties Income Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.3494591735348 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Watching the Indicators for Government Properties Income Trust (NYSE:GOV) – Sparta Review (spartareview.com)
- Are Analysts Buzzing Over Government Properties Income Trust (NYSE:GOV) Shares? – Evergreen Caller (evergreencaller.com)
- Government Properties Income Trust (NASDAQ:GOV) Receives An Update From Brokers (bulhufas.com)
- Government Properties Income Tr (NASDAQ:GOV) Experiences Heavier than Usual Trading Volume (footballhebdo.com)
- OppenheimerFunds Inc. Takes Position in Government Properties Income Trust (GOV) (overnewsmagazine.com)
Government Properties Income Trust (GOV) traded down 0.92% during midday trading on Tuesday, reaching $18.28. 1,021,117 shares of the company were exchanged. Government Properties Income Trust has a 52 week low of $17.36 and a 52 week high of $24.61. The firm has a 50-day moving average price of $19.06 and a 200-day moving average price of $20.42. The company has a market capitalization of $1.76 billion, a PE ratio of 30.88 and a beta of 1.04.
Government Properties Income Trust (NYSE:GOV) last announced 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 consensus estimate of $0.59 by $0.01. The company had revenue of $69.89 million for the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. Government Properties Income Trust’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. Equities research analysts anticipate that Government Properties Income Trust will post $0.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, July 24th will be paid a $0.43 dividend. The ex-dividend date is Thursday, July 20th. This represents a $1.72 annualized dividend and a yield of 9.41%. Government Properties Income Trust’s dividend payout ratio is currently -76.11%.
Several equities research analysts have recently weighed in on GOV shares. Zacks Investment Research raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $18.50 price target (up previously from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $15.00 price target on shares of Government Properties Income Trust in a research report on Tuesday, June 20th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.90.
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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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