Government Properties Income Trust (NASDAQ:GOV) announced a quarterly dividend on Thursday, October 18th, NASDAQ reports. Shareholders of record on Monday, October 29th will be paid a dividend of 0.43 per share by the real estate investment trust on Monday, November 19th. This represents a $1.72 annualized dividend and a dividend yield of 17.99%. The ex-dividend date is Friday, October 26th.

Government Properties Income Trust has a dividend payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Government Properties Income Trust to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 89.6%.

Shares of NASDAQ:GOV opened at $9.56 on Friday. Government Properties Income Trust has a 52 week low of $9.16 and a 52 week high of $19.39. The company has a market capitalization of $955.96 million, a price-to-earnings ratio of 4.73, a PEG ratio of 0.97 and a beta of 1.25. 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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $108.10 million for the quarter, compared to analyst estimates of $105.95 million. During the same quarter last year, the business earned $0.60 earnings per share. Government Properties Income Trust’s revenue was up 54.6% compared to the same quarter last year. Sell-side analysts predict that Government Properties Income Trust will post 1.99 EPS for the current year.

Several equities research analysts have commented on GOV shares. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Morgan Stanley upgraded shares of Government Properties Income Trust to a “sell” rating and set a $12.00 price objective for the company in a report on Wednesday, September 19th. ValuEngine cut shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a report on Monday, September 17th. B. Riley set a $17.00 price objective on shares of Government Properties Income Trust and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, Royal Bank of Canada set a $14.00 price objective on shares of Government Properties Income Trust and gave the company a “sell” rating in a report on Wednesday, August 8th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.67.

About Government Properties Income Trust

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.

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Dividend History for Government Properties Income Trust (NASDAQ:GOV)

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