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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 the U.S. Government and other government tenants and office properties in the metropolitan Washington, D.C. 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.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryOffice REITs
SectorFinance
SymbolNASDAQ:GOV
CUSIP38376A10
Phone617-219-1440
Debt
Debt-to-Equity Ratio1.74
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Trailing P/E Ratio7.04
Forward P/E Ratio7.15
P/E Growth1.42
Sales & Book Value
Annual Sales$316.53 million
Price / Sales4.46
Cash Flow$1.3007 per share
Price / Cash10.94
Book Value$13.06 per share
Price / Book1.09
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$12.09 million
Net Margins3.16%
Return on Equity0.87%
Return on Assets0.32%
Miscellaneous
Employees450
Outstanding Shares99,150,000
Government Properties Income Trust (NASDAQ:GOV) Frequently Asked Questions
What is Government Properties Income Trust's stock symbol?
Government Properties Income Trust trades on the NASDAQ under the ticker symbol "GOV."
How often does Government Properties Income Trust pay dividends? What is the dividend yield for Government Properties Income Trust?
Government Properties Income Trust declared a quarterly dividend on Thursday, April 19th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.43 per share on Monday, May 21st. This represents a $1.72 annualized dividend and a dividend yield of 12.09%. The ex-dividend date is Friday, April 27th. View Government Properties Income Trust's Dividend History.
How were Government Properties Income Trust's earnings last quarter?
Government Properties Income Trust (NASDAQ:GOV) released its earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.02. The real estate investment trust earned $108.70 million during the quarter, compared to analysts' expectations of $106.11 million. Government Properties Income Trust had a return on equity of 0.87% and a net margin of 3.16%. Government Properties Income Trust's revenue for the quarter was up 56.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. View Government Properties Income Trust's Earnings History.
When is Government Properties Income Trust's next earnings date?
What price target have analysts set for GOV?
6 equities research analysts have issued 12 month price objectives for Government Properties Income Trust's stock. Their forecasts range from $13.00 to $23.00. On average, they expect Government Properties Income Trust's stock price to reach $17.1667 in the next twelve months. View Analyst Ratings for Government Properties Income Trust.
What are Wall Street analysts saying about Government Properties Income Trust stock?
Here are some recent quotes from research analysts about Government Properties Income Trust stock:
- 1. According to Zacks Investment Research, "Government Properties Income Trust is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT). " (5/23/2018)
- 2. FBR & Co analysts commented, "Last week, GOV announced it would acquire First Potomac Realty Trust for approximately $1.4B, including $11.15 per FPO share and the repayment and/or assumption of FPO debt. To finance the deal, GOV also announced a 25M share equity offering. The FPO deal is expected to close by YE17 and be leverage neutral after accounting for the equity offering and the assumption/pay down of FPO debt. GOV expects the deal to be accretive post-2018. The transaction is estimated to be completed at a 7.0% cap rate, and GOV expects no impact on its current shareholder distributions (dividends), which are currently $0.43/quarter ($1.72 annualized), a 9.3% yield on Monday’s close ($18.46). In our view, the acquisition of FPO, with its Washington, D.C.-focused portfolio, is a good fit for GOV as many of the properties are leased to government agencies and/or contractors. However, the market punished GOV shares, which had traded as high as $22.89 on June 20, to a closing low of $18.31 on June 30." (7/5/2017)
Who are some of Government Properties Income Trust's key competitors?
Some companies that are related to Government Properties Income Trust include Bellway (BLWYY), Hudson Pacific Properties (HPP), Brookfield Property Partners (BPY), Kennedy-Wilson (KW), Shanghai Industrial (SGHIY), Colliers International Gr (CIGI), FirstService (FSV), Urban Edge Properties (UE), Terreno Realty (TRNO), Gazit Globe (GZT), Five Point (FPH), Seritage Growth Properties (SRG), Yangtze River Port (YRIV), Getty Realty (GTY) and Forestar Group (FOR).
Who are Government Properties Income Trust's key executives?
Government Properties Income Trust's management team includes the folowing people:
- Mr. David M. Blackman, Pres & COO (Age 55)
- Mr. Mark Lawrence Kleifges CPA, CPA, CFO, Treasurer & Managing Trustee (Age 57)
- Mr. Timothy A. Bonang, VP, Investor Relations (Age 54)
- Mr. Christopher Ranjitkar, Director of Investor Relations
- Ms. Jennifer Babbin Clark, Sec. (Age 56)
Has Government Properties Income Trust been receiving favorable news coverage?
News headlines about GOV stock have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Government Properties Income Trust earned a media sentiment score of 0.22 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 46.40 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Government Properties Income Trust's major shareholders?
Government Properties Income Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BLACKROCK INC. (10.80%), BlackRock Inc. (9.72%), Northern Trust Corp (1.76%), LSV Asset Management (1.59%), Dimensional Fund Advisors LP (1.46%) and JPMorgan Chase & Co. (0.90%). View Institutional Ownership Trends for Government Properties Income Trust.
Which institutional investors are selling Government Properties Income Trust stock?
GOV stock was sold by a variety of institutional investors in the last quarter, including Forward Management LLC, JPMorgan Chase & Co., Virginia Retirement Systems ET AL, Wells Fargo & Company MN, Northern Capital Management LLC, California Public Employees Retirement System, LPL Financial LLC and UBS Group AG. View Insider Buying and Selling for Government Properties Income Trust.
Which institutional investors are buying Government Properties Income Trust stock?
GOV stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Global X Management Co. LLC, Northern Trust Corp, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Legal & General Group Plc, Wilen Investment Management CORP. and Baird Financial Group Inc.. View Insider Buying and Selling for Government Properties Income Trust.
How do I buy shares of Government Properties Income Trust?
Shares of GOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Government Properties Income Trust's stock price today?
One share of GOV stock can currently be purchased for approximately $14.23.
How big of a company is Government Properties Income Trust?
Government Properties Income Trust has a market capitalization of $1.40 billion and generates $316.53 million in revenue each year. The real estate investment trust earns $12.09 million in net income (profit) each year or $2.02 on an earnings per share basis. Government Properties Income Trust employs 450 workers across the globe.
How can I contact Government Properties Income Trust?
Government Properties Income Trust's mailing address is TWO NEWTON PLACE 255 WASHINGTON STREET SUITE 300, NEWTON MA, 02458. The real estate investment trust can be reached via phone at 617-219-1440 or via email at [email protected]
MarketBeat Community Rating for Government Properties Income Trust (GOV)
MarketBeat's community ratings are surveys of what our community members think about Government Properties Income Trust and other stocks. Vote "Outperform" if you believe GOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GOV will underperform the S&P 500 over the long term. You may vote once every thirty days.
Government Properties Income Trust (NASDAQ:GOV) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Government Properties Income Trust in the last 12 months. Their average twelve-month price target is $17.1667, suggesting that the stock has a possible upside of 20.64%. The high price target for GOV is $23.00 and the low price target for GOV is $13.00. There are currently 3 sell ratings, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.83 | 1.83 | 2.00 | 2.00 |
| Ratings Breakdown: | 3 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $17.1667 | $17.1667 | $18.75 | $18.75 |
| Price Target Upside: | 20.64% upside | 38.55% upside | 1.74% upside | 1.74% upside |
Government Properties Income Trust (NASDAQ:GOV) Consensus Price Target History
Government Properties Income Trust (NASDAQ:GOV) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Government Properties Income Trust (NASDAQ:GOV) Dividend Information
Government Properties Income Trust pays an annual dividend of $1.72 per share, with a dividend yield of 12.09%. GOV's most recent quarterly dividend payment was Monday, May 21. Government Properties Income Trust pays out 85.15% of its earnings out as a dividend.
| Most Recent Dividend: | 5/21/2018 |
| Annual Dividend: | $1.72 |
| Dividend Yield: | 12.09% |
| Payout Ratio(s): | 85.15% (Trailing 12 Months of Earnings)
86.43% (Based on This Year's Estimates)
88.21% (Based on Next Year's Estimates)
132.23% (Based on Cash Flow)
|
Government Properties Income Trust (NASDAQ:GOV) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/19/2018 | Quarterly | $0.43 | 14% | 4/27/2018 | 4/30/2018 | 5/21/2018 |
| 1/22/2018 | quarterly | $0.43 | 9.54% | 1/26/2018 | 1/29/2018 | 2/26/2018 |
| 10/13/2017 | quarterly | $0.43 | 8.83% | 10/20/2017 | 10/23/2017 | 11/20/2017 |
| 7/12/2017 | quarterly | $0.43 | 9.61% | 7/20/2017 | 7/24/2017 | 8/21/2017 |
| 4/12/2017 | quarterly | $0.43 | 7.75% | 4/19/2017 | 4/21/2017 | 5/22/2017 |
| 1/13/2017 | quarterly | $0.43 | 8.51% | 1/19/2017 | 1/23/2017 | 2/23/2017 |
| 10/11/2016 | Quarterly | $0.43 | | 10/19/2016 | 10/21/2016 | 11/21/2016 |
| 7/12/2016 | Quarterly | $0.43 | | 7/20/2016 | 7/22/2016 | 8/22/2016 |
| 4/13/2016 | Quarterly | $0.43 | | 4/21/2016 | 4/25/2016 | 5/23/2016 |
| 1/11/2016 | Quarterly | $0.43 | | 1/20/2016 | 1/22/2016 | 2/25/2016 |
| 10/13/2015 | Quarterly | $0.43 | | 10/21/2015 | 10/23/2015 | 11/23/2015 |
| 7/14/2015 | quarterly | $0.43 | 9.08% | 7/22/2015 | 7/24/2015 | 8/24/2015 |
| 4/13/2015 | quarterly | $0.43 | 7.64% | 4/22/2015 | 4/24/2015 | 5/25/2015 |
| 1/12/2015 | quarterly | $0.43 | 7.41% | 1/21/2015 | 1/23/2015 | 2/26/2015 |
| 10/13/2014 | quarterly | $0.43 | 7.54% | 10/22/2014 | 10/24/2014 | 11/20/2014 |
| 7/14/2014 | quarterly | $0.43 | 6.89% | 7/23/2014 | 7/25/2014 | 8/22/2014 |
| 4/8/2014 | quarterly | $0.43 | 6.84% | 4/23/2014 | 4/25/2014 | 5/21/2014 |
| 1/3/2014 | quarterly | $0.43 | 6.87% | 1/9/2014 | 1/13/2014 | 2/21/2014 |
| 10/9/2013 | quarterly | $0.43 | 7.04% | 10/23/2013 | 10/25/2013 | 11/22/2013 |
| 7/10/2013 | quarterly | $0.43 | 6.66% | 7/24/2013 | 7/26/2013 | 8/23/2013 |
| 4/10/2013 | quarterly | $0.43 | 6.53% | 4/24/2013 | 4/26/2013 | 5/24/2013 |
| 1/10/2013 | quarterly | $0.43 | 6.97% | 1/23/2013 | 1/25/2013 | 2/22/2013 |
(Data available from 1/1/2013 forward)
Government Properties Income Trust (NASDAQ GOV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.34%
Institutional Ownership Percentage: 57.87%
Government Properties Income Trust (NASDAQ GOV) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 7/29/2014 | Adam Portnoy | Director | Buy | 360,000 | $23.50 | $8,460,000.00 | |  |
(Data available from 1/1/2013 forward)
Government Properties Income Trust (NASDAQ GOV) News Headlines
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Government Properties Income Trust (NASDAQ:GOV) SEC Filings
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Government Properties Income Trust (NASDAQ:GOV) Income Statement, Balance Sheet and Cash Flow Statement
Government Properties Income Trust (NASDAQ GOV) Stock Chart for Saturday, May, 26, 2018
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