Government Properties Income Trust (GOV) Rating Reiterated by Morgan Stanley

Government Properties Income Trust (NASDAQ:GOV)‘s stock had its “sell” rating restated by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Monday.

GOV has been the subject of several other research reports. BidaskClub cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. B. Riley set a $21.00 target price on shares of Government Properties Income Trust and gave the company a “buy” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. ValuEngine cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet cut shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Monday, February 26th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.17.

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GOV stock opened at $12.38 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 1.47. Government Properties Income Trust has a 52-week low of $11.87 and a 52-week high of $22.99. The stock has a market cap of $1,214.53, a price-to-earnings ratio of 6.13, a PEG ratio of 1.21 and a beta of 1.10.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). Government Properties Income Trust had a net margin of 3.82% and a return on equity of 1.22%. The firm had revenue of $107.17 million for the quarter, compared to the consensus estimate of $107.56 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue was up 62.3% on a year-over-year basis. equities analysts anticipate that Government Properties Income Trust will post 2.03 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Government Properties Income Trust by 0.6% in the fourth quarter. BlackRock Inc. now owns 9,356,557 shares of the real estate investment trust’s stock valued at $173,470,000 after buying an additional 53,404 shares during the period. Bank of New York Mellon Corp raised its position in Government Properties Income Trust by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,649,317 shares of the real estate investment trust’s stock worth $30,580,000 after purchasing an additional 128,699 shares in the last quarter. Huber Capital Management LLC raised its position in Government Properties Income Trust by 3.5% in the fourth quarter. Huber Capital Management LLC now owns 1,302,056 shares of the real estate investment trust’s stock worth $24,140,000 after purchasing an additional 43,861 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Government Properties Income Trust by 11.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,182,122 shares of the real estate investment trust’s stock worth $22,188,000 after purchasing an additional 122,334 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Government Properties Income Trust by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 862,158 shares of the real estate investment trust’s stock worth $15,984,000 after purchasing an additional 19,151 shares in the last quarter. Institutional investors and hedge funds own 59.27% of the company’s stock.

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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.

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

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