Government Properties Income Trust (NASDAQ:GOV) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

GOV has been the topic of a number of other reports. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. DA Davidson assumed coverage on Government Properties Income Trust in a research note on Friday, September 29th. They issued a “neutral” rating and a $20.00 price objective on the stock. B. Riley reaffirmed a “buy” rating on shares of Government Properties Income Trust in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.75.

Shares of Government Properties Income Trust (NASDAQ:GOV) traded up $0.15 on Wednesday, reaching $18.84. The company’s stock had a trading volume of 564,700 shares, compared to its average volume of 817,209. The firm has a market cap of $1,810.00, a P/E ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.04. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44.

Government Properties Income Trust (NASDAQ:GOV) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $70.18 million for the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. equities research analysts forecast that Government Properties Income Trust will post 2.11 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Government Properties Income Trust by 0.9% during the first quarter. Wellington Management Group LLP now owns 24,201 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 205 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Government Properties Income Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 51,939 shares of the real estate investment trust’s stock worth $951,000 after acquiring an additional 434 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Government Properties Income Trust by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 55,002 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 692 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Government Properties Income Trust by 14.3% during the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 800 shares in the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX lifted its position in shares of Government Properties Income Trust by 1.0% during the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 94,072 shares of the real estate investment trust’s stock worth $1,722,000 after acquiring an additional 965 shares in the last quarter. 59.79% of the stock is owned by institutional investors.

Government Properties Income Trust Company Profile

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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