Government Properties Income Trust (NASDAQ:GOV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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). “

A number of other equities analysts have also weighed in on the company. BidaskClub upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. ValuEngine upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. Finally, Jefferies Group reiterated a “sell” rating and set a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.75.

Government Properties Income Trust (GOV) traded down $0.30 during trading hours on Wednesday, reaching $17.86. The company’s stock had a trading volume of 1,138,600 shares, compared to its average volume of 903,867. The company has a quick ratio of 9.44, a current ratio of 9.44 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1,710.00, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. Government Properties Income Trust has a 12-month low of $17.36 and a 12-month high of $22.99.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $70.18 million during the quarter, compared to the consensus estimate of $69.80 million. Government Properties Income Trust had a net margin of 15.30% and a return on equity of 4.27%. Government Properties Income Trust’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. equities research analysts forecast that Government Properties Income Trust will post 2.09 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new stake in shares of Government Properties Income Trust during the 3rd quarter valued at $379,000. Cetera Advisor Networks LLC raised its position in Government Properties Income Trust by 84.7% during the 3rd quarter. Cetera Advisor Networks LLC now owns 55,714 shares of the real estate investment trust’s stock worth $1,051,000 after purchasing an additional 25,549 shares during the last quarter. California Public Employees Retirement System raised its position in Government Properties Income Trust by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 195,849 shares of the real estate investment trust’s stock worth $3,676,000 after purchasing an additional 18,170 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Government Properties Income Trust by 6.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 49,649 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 3,080 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Government Properties Income Trust by 20.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 80,492 shares of the real estate investment trust’s stock worth $1,511,000 after purchasing an additional 13,871 shares during the last quarter. 58.18% of the stock is currently owned by institutional investors.

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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.

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

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