Media coverage about Government Properties Income Trust (NYSE:GOV) has trended somewhat negative this week, according to Alpha One. The research firm, a unit of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Government Properties Income Trust earned a coverage optimism score of -0.12 on Alpha One’s scale. Alpha One also gave media coverage about the real estate investment trust an impact score of 89 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next few days.
Shares of Government Properties Income Trust (NYSE:GOV) traded down 0.62% on Friday, hitting $22.58. 890,253 shares of the stock traded hands. The firm’s 50 day moving average is $21.82 and its 200 day moving average is $20.50. Government Properties Income Trust has a 52 week low of $17.66 and a 52 week high of $24.61. The firm has a market capitalization of $1.61 billion, a PE ratio of 33.60 and a beta of 1.04.
Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $69.30 million for the quarter, compared to analyst estimates of $67.44 million. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts expect that Government Properties Income Trust will post $0.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Friday, April 21st were given a $0.43 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $1.72 annualized dividend and a dividend yield of 7.61%. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.
Several equities research analysts recently commented on GOV shares. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. FBR & Co restated a “buy” rating and issued a $25.00 price target on shares of Government Properties Income Trust in a research report on Wednesday, February 22nd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.30.
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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