Equities research analysts expect Government Properties Income Trust (NASDAQ:GOV) to announce $105.47 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Government Properties Income Trust’s earnings. The lowest sales estimate is $105.33 million and the highest is $105.61 million. Government Properties Income Trust reported sales of $66.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 59.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Government Properties Income Trust will report full year sales of $105.47 million for the current fiscal year, with estimates ranging from $314.70 million to $318.96 million. For the next financial year, analysts anticipate that the business will post sales of $420.19 million per share, with estimates ranging from $410.43 million to $426.98 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Government Properties Income Trust.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a net margin of 15.30% and a return on equity of 4.27%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share.

A number of equities analysts recently issued reports on GOV shares. B. Riley reaffirmed a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. BidaskClub raised Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Government Properties Income Trust by 20.7% during the second quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock worth $319,052,000 after purchasing an additional 2,989,467 shares during the last quarter. State Street Corp raised its stake in shares of Government Properties Income Trust by 8.4% during the second quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock worth $36,885,000 after purchasing an additional 156,443 shares during the last quarter. LSV Asset Management raised its stake in shares of Government Properties Income Trust by 27.7% during the second quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after purchasing an additional 344,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Government Properties Income Trust by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 1,520,618 shares of the real estate investment trust’s stock worth $28,541,000 after purchasing an additional 70,555 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Government Properties Income Trust by 16.3% during the second quarter. Northern Trust Corp now owns 1,328,007 shares of the real estate investment trust’s stock worth $24,316,000 after purchasing an additional 186,278 shares during the last quarter. Institutional investors own 58.31% of the company’s stock.

Shares of Government Properties Income Trust (GOV) traded up $0.17 on Monday, reaching $18.82. The company had a trading volume of 429,000 shares, compared to its average volume of 802,599. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44. The firm has a market capitalization of $1,800.00, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date was Friday, October 20th. Government Properties Income Trust’s dividend payout ratio is currently 312.73%.

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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.

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