Government Properties Income Trust (GOV) Expected to Announce Quarterly Sales of $103.40 Million

Wall Street brokerages predict that Government Properties Income Trust (NASDAQ:GOV) will post sales of $103.40 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued 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 $104.70 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 47.3%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Government Properties Income Trust will report full year sales of $410.34 million for the current year, with estimates ranging from $408.12 million to $412.55 million. For the next financial year, analysts anticipate that the business will post sales of $365.07 million, with estimates ranging from $363.70 million to $366.43 million. Zacks’ sales averages are an average based on a survey of analysts that follow Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $108.10 million during the quarter, compared to the consensus estimate of $105.95 million. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. The firm’s quarterly revenue was up 54.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS.

Several equities research analysts recently commented on GOV shares. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. ValuEngine upgraded shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 4th. B. Riley upped their price target on shares of Government Properties Income Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, August 6th. TheStreet upgraded shares of Government Properties Income Trust from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada set a $14.00 price target on shares of Government Properties Income Trust and gave the company a “sell” rating in a research report on Wednesday, August 8th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.00.

Several large investors have recently modified their holdings of GOV. BlackRock Inc. lifted its position in Government Properties Income Trust by 22.1% in the 2nd quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock worth $186,627,000 after buying an additional 2,132,492 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Government Properties Income Trust in the 2nd quarter worth approximately $8,375,000. Global X Management Co LLC lifted its position in Government Properties Income Trust by 26.8% in the 2nd quarter. Global X Management Co LLC now owns 780,793 shares of the real estate investment trust’s stock worth $12,376,000 after buying an additional 164,975 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Government Properties Income Trust in the 2nd quarter worth approximately $1,768,000. Finally, Northern Trust Corp lifted its position in Government Properties Income Trust by 6.7% in the 1st quarter. Northern Trust Corp now owns 1,749,352 shares of the real estate investment trust’s stock worth $23,897,000 after buying an additional 110,349 shares in the last quarter. Institutional investors and hedge funds own 58.23% of the company’s stock.

Shares of NASDAQ:GOV traded down $0.46 during mid-day trading on Monday, hitting $9.73. The stock had a trading volume of 2,914,260 shares, compared to its average volume of 1,250,651. 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 company has a market cap of $1.12 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26. Government Properties Income Trust has a 12-month low of $9.16 and a 12-month high of $19.60.

Government Properties Income Trust Company Profile

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

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