Wall Street brokerages expect Government Properties Income Trust (NASDAQ:GOV) to post $103.45 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Government Properties Income Trust’s earnings, with the lowest sales estimate coming in at $101.73 million and the highest estimate coming in at $106.63 million. Government Properties Income Trust reported sales of $70.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 47.4%. The business is scheduled to issue its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Government Properties Income Trust will report full year sales of $415.07 million for the current year, with estimates ranging from $407.76 million to $428.67 million. For the next year, analysts forecast that the company will report sales of $387.65 million per share, with estimates ranging from $366.43 million to $431.39 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, beating 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 business had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $105.95 million. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up 54.6% compared to the same quarter last year.

A number of analysts recently commented on the stock. BidaskClub cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. Zacks Investment Research cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd. ValuEngine upgraded shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 4th. Finally, B. Riley lifted their target price on shares of Government Properties Income Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Government Properties Income Trust has a consensus rating of “Hold” and a consensus price target of $16.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its position in Government Properties Income Trust by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 133,144 shares of the real estate investment trust’s stock worth $1,818,000 after buying an additional 4,326 shares during the last quarter. Macquarie Group Ltd. raised its position in Government Properties Income Trust by 7.5% during the 2nd quarter. Macquarie Group Ltd. now owns 63,400 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 4,400 shares during the last quarter. Atria Investments LLC raised its position in Government Properties Income Trust by 32.9% during the 2nd quarter. Atria Investments LLC now owns 23,219 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 5,754 shares during the last quarter. Citigroup Inc. raised its position in Government Properties Income Trust by 9.5% during the 1st quarter. Citigroup Inc. now owns 71,157 shares of the real estate investment trust’s stock worth $972,000 after buying an additional 6,164 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Government Properties Income Trust by 7.0% during the 1st quarter. New York State Common Retirement Fund now owns 98,800 shares of the real estate investment trust’s stock worth $1,350,000 after buying an additional 6,500 shares during the last quarter. Institutional investors own 58.18% of the company’s stock.

Shares of NASDAQ:GOV traded down $0.04 during trading on Tuesday, reaching $16.77. The stock had a trading volume of 460,800 shares, compared to its average volume of 918,771. Government Properties Income Trust has a one year low of $11.87 and a one year high of $19.60. The stock has a market capitalization of $1.65 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.66 and a beta of 1.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60.

The business also recently announced a quarterly dividend, which was paid on Monday, August 20th. Investors of record on Monday, July 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend was Friday, July 27th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently 85.15%.

Government Properties Income Trust Company Profile

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants. GOV is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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

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