Government Properties Income Trust (GOV) Expected to Announce Quarterly Sales of $108.49 Million

Analysts forecast that Government Properties Income Trust (NASDAQ:GOV) will report sales of $108.49 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Government Properties Income Trust’s earnings. The highest sales estimate is $114.53 million and the lowest is $105.33 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 64.3%. The business is scheduled to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that Government Properties Income Trust will report full-year sales of $108.49 million for the current year, with estimates ranging from $314.70 million to $323.89 million. For the next financial year, analysts anticipate that the firm will report sales of $429.72 million per share, with estimates ranging from $410.43 million to $458.34 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Government Properties Income Trust.

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

Several equities research analysts recently weighed in on GOV shares. B. Riley reaffirmed a “buy” rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. BidaskClub cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. FBR & Co reissued a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday, October 31st. Jefferies Group reissued a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Government Properties Income Trust presently has an average rating of “Hold” and a consensus target price of $18.75.

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Government Properties Income Trust in the second quarter worth $228,000. Dynamic Technology Lab Private Ltd bought a new stake in Government Properties Income Trust in the second quarter worth $348,000. LSV Asset Management boosted its holdings in Government Properties Income Trust by 27.7% in 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 acquiring an additional 344,000 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Government Properties Income Trust by 12.9% in the second quarter. Parametric Portfolio Associates LLC now owns 220,225 shares of the real estate investment trust’s stock worth $4,032,000 after acquiring an additional 25,162 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in Government Properties Income Trust in the second quarter worth $9,301,000. 58.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Government Properties Income Trust (NASDAQ GOV) traded down $0.02 during mid-day trading on Friday, reaching $17.84. The company had a trading volume of 872,600 shares, compared to its average volume of 591,131. The stock has a market capitalization of $1,768.76, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $22.99. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44.

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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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