Government Properties Income Trust (GOV) Sees Significant Increase in Short Interest

Government Properties Income Trust (NASDAQ:GOV) was the recipient of a significant growth in short interest during the month of September. As of September 28th, there was short interest totalling 12,351,429 shares, a growth of 47.2% from the September 14th total of 8,389,590 shares. Currently, 12.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,044,727 shares, the days-to-cover ratio is presently 3.1 days.

GOV has been the topic of several research analyst reports. BidaskClub raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 4th. B. Riley upped their price objective 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. TheStreet raised shares of Government Properties Income Trust from a “d+” rating to a “c” rating in a research note on Friday, August 3rd. Finally, Royal Bank of Canada set a $14.00 price objective on shares of Government Properties Income Trust and gave the stock a “sell” rating in a research note on Wednesday, August 8th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Government Properties Income Trust presently has an average rating of “Hold” and an average target price of $14.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can grew its stake in shares of Government Properties Income Trust by 3.4% during the first quarter. Great West Life Assurance Co. Can now owns 133,144 shares of the real estate investment trust’s stock valued at $1,818,000 after purchasing an additional 4,326 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Government Properties Income Trust by 7.5% in the second quarter. Macquarie Group Ltd. now owns 63,400 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 4,400 shares during the period. Rehmann Capital Advisory Group lifted its holdings in Government Properties Income Trust by 243.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,323 shares during the period. Atria Investments LLC lifted its holdings in Government Properties Income Trust by 32.9% in the second quarter. Atria Investments LLC now owns 23,219 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 5,754 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Government Properties Income Trust by 7.0% in the first quarter. New York State Common Retirement Fund now owns 98,800 shares of the real estate investment trust’s stock valued at $1,350,000 after buying an additional 6,500 shares during the period. 58.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Government Properties Income Trust stock opened at $9.73 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.67. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 1.12 and a beta of 1.26. Government Properties Income Trust has a 1-year low of $9.16 and a 1-year high of $19.60.

Government Properties Income Trust (NASDAQ:GOV) last released 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. 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 in the prior year, the firm earned $0.60 earnings per share. Government Properties Income Trust’s revenue was up 54.6% compared to the same quarter last year. As a group, equities analysts anticipate that Government Properties Income Trust will post 2.02 EPS for the current year.

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.

Recommended Story: Insider Trading – What You Need to Know

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply