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Government Properties Income Trust to Post Q3 2018 Earnings of $0.54 Per Share, B. Riley Forecasts (

Government Properties Income Trust (NASDAQ:GOV) – Investment analysts at B. Riley raised their Q3 2018 earnings estimates for shares of Government Properties Income Trust in a report released on Tuesday, April 10th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will earn $0.54 per share for the quarter, up from their prior forecast of $0.53. B. Riley has a “Buy” rating and a $19.00 price target on the stock. B. Riley also issued estimates for Government Properties Income Trust’s Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.16 EPS, FY2019 earnings at $2.21 EPS and FY2020 earnings at $2.29 EPS.

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GOV has been the topic of a number of other reports. BidaskClub downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Royal Bank of Canada restated a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. ValuEngine downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group restated a “sell” rating on shares of Government Properties Income Trust in a research note on Wednesday, April 4th. Finally, TheStreet downgraded Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Monday, February 26th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Government Properties Income Trust presently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of GOV stock opened at $12.33 on Thursday. Government Properties Income Trust has a twelve month low of $11.87 and a twelve month high of $22.99. The company has a market capitalization of $1,224.44, a price-to-earnings ratio of 5.94, a P/E/G ratio of 1.22 and a beta of 1.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.70.

Government Properties Income Trust (NASDAQ:GOV) last issued its earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). The business had revenue of $107.17 million for the quarter, compared to analyst estimates of $107.56 million. Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. Government Properties Income Trust’s revenue was up 62.3% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS.

Several institutional investors have recently bought and sold shares of GOV. Schroder Investment Management Group purchased a new stake in shares of Government Properties Income Trust in the third quarter valued at approximately $168,000. Mutual Advisors LLC acquired a new position in Government Properties Income Trust during the fourth quarter worth $194,000. Elkfork Partners LLC acquired a new position in Government Properties Income Trust during the fourth quarter worth $228,000. Wilen Investment Management CORP. acquired a new position in Government Properties Income Trust during the fourth quarter worth $230,000. Finally, Eii Capital Management Inc. acquired a new position in Government Properties Income Trust during the fourth quarter worth $279,000. Hedge funds and other institutional investors own 59.28% of the company’s stock.

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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.

Earnings History and Estimates for Government Properties Income Trust (NASDAQ:GOV)