Government Properties Income Trust (NASDAQ:GOV) shares were down 24.9% during mid-day trading on Monday . The company traded as low as $12.40 and last traded at $12.69. Approximately 12,877,582 shares were traded during mid-day trading, an increase of 1,215% from the average daily volume of 979,027 shares. The stock had previously closed at $16.89.

A number of research analysts have recently issued reports on GOV shares. BidaskClub downgraded shares of Government Properties Income Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. ValuEngine downgraded shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. B. Riley lifted 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 report on Monday, August 6th. Finally, Bank of America lifted their price objective on shares of Government Properties Income Trust from $12.50 to $14.00 and gave the stock an “underperform” rating in a research report on Monday, August 13th. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.

The company has a market capitalization of $1.67 billion, a P/E ratio of 6.58, a P/E/G ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60.

Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $105.95 million. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. Government Properties Income Trust’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. research analysts expect that Government Properties Income Trust will post 2.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 20th. Investors of record on Monday, July 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 13.55%. The ex-dividend date was Friday, July 27th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently 85.15%.

Hedge funds have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC acquired a new stake in Government Properties Income Trust in the 2nd quarter worth approximately $168,000. Independent Advisor Alliance acquired a new stake in Government Properties Income Trust in the 2nd quarter worth approximately $160,000. Advisors Asset Management Inc. acquired a new stake in Government Properties Income Trust in the 2nd quarter worth approximately $8,375,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Government Properties Income Trust by 905.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 10,750 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 9,681 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Government Properties Income Trust in the 1st quarter worth approximately $148,000. Institutional investors own 58.18% of the company’s stock.

About Government Properties Income Trust (NASDAQ:GOV)

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants. GOV is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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