About Government Properties Income Trust (NYSE:GOV)
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. As of December 31, 2016, the Company owned 73 properties (95 buildings). As of December 31, 2016, the Company's properties were located in 31 states and the District of Columbia, and contained approximately 11.4 million rentable square feet.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Commercial REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:GOV
- CUSIP: 38376A10
- Web: www.govreit.com
- Market Cap: $1.85 billion
- Outstanding Shares: 96,195,000
- 50 Day Moving Avg: $18.78
- 200 Day Moving Avg: $19.91
- 52 Week Range: $19.10 - $19.39
Sales & Book Value:
- Trailing P/E Ratio: 32.50
- Foreward P/E Ratio: 56.59
- P/E Growth: 21.47
- Annual Revenue: $269.69 million
- Price / Sales: 6.86
- Book Value: $12.76 per share
- Price / Book: 1.51
- Annual Dividend: $1.72
- Dividend Yield: 8.9%
- EBITDA: $143.68 million
- Net Margins: 4.64%
- Return on Equity: 5.16%
- Return on Assets: 0.55%
- Average Volume: 748,162 shs.
- Beta: 1.04
- Short Ratio: 2.05
Frequently Asked Questions for Government Properties Income Trust (NYSE:GOV)
What is Government Properties Income Trust's stock symbol?
Government Properties Income Trust trades on the New York Stock Exchange (NYSE) 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 Friday, October 13th. Investors of record on Monday, October 23rd will be paid a dividend of $0.43 per share on Monday, November 20th. This represents a $1.72 annualized dividend and a yield of 8.94%. The ex-dividend date is Friday, October 20th. View Government Properties Income Trust's Dividend History.
How were Government Properties Income Trust's earnings last quarter?
Government Properties Income Trust (NYSE:GOV) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.01. The firm earned $69.89 million during the quarter, compared to analysts' expectations of $69.08 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. Government Properties Income Trust's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. View Government Properties Income Trust's Earnings History.
When will Government Properties Income Trust make its next earnings announcement?
Where is Government Properties Income Trust's stock going? Where will Government Properties Income Trust's stock price be in 2017?
5 equities research analysts have issued 1 year target prices for Government Properties Income Trust's shares. Their forecasts range from $14.00 to $23.00. On average, they anticipate Government Properties Income Trust's share price to reach $18.40 in the next twelve months. View Analyst Ratings for Government Properties Income Trust.
What are 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). " (10/9/2017)
- 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 PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN), Intu Properties PLC (INTU), Shaftesbury plc (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), Great Portland Estates Plc (GPOR), Workspace Group plc (WKP), Global Net Lease (GNL), Seritage Growth Properties (SRG), CBL & Associates Properties (CBL), Hannon Armstrong Sustainable Infrastructure Capital (HASI), New York REIT (NYRT), Londonmetric Property PLC (LMP) and Monmouth Real Estate Investment Corporation (MNR).
Who are Government Properties Income Trust's key executives?
Government Properties Income Trust's management team includes the folowing people:
- David M. Blackman, President, Chief Operating Officer
- Mark L. Kleifges, Chief Financial Officer, Treasurer
- Barbara D. Gilmore, Independent Trustee
- John L. Harrington, Independent Trustee
- Elena Poptodorova, Independent Trustee
- Adam D. Portnoy, Managing Trustee
- Barry M. Portnoy, Managing Trustee
How do I buy Government Properties Income Trust stock?
Shares of Government Properties Income Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Government Properties Income Trust's stock price today?
MarketBeat Community Rating for Government Properties Income Trust (NYSE 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Government Properties Income Trust stock can currently be purchased for approximately $19.24.
Consensus Ratings for Government Properties Income Trust (NYSE:GOV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.60)|
|Consensus Price Target: ||$18.40 (4.37% downside)|Consensus Price Target History for Government Properties Income Trust (NYSE:GOV)
Analysts' Ratings History for Government Properties Income Trust (NYSE:GOV)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/29/2017||DA Davidson||Initiated Coverage||Neutral||$20.00||Medium|
|9/21/2017||Jefferies Group LLC||Reiterated Rating||Sell||$14.00||Low|
|9/1/2017||Morgan Stanley||Reiterated Rating||Underweight||$18.50 -> $18.00||Low|
|7/5/2017||FBR & Co||Reiterated Rating||Outperform||$25.00 -> $23.00||Low|
|10/31/2016||Royal Bank Of Canada||Reiterated Rating||Underperform||$19.00 -> $17.00||N/A|
Earnings History for Government Properties Income Trust (NYSE:GOV)Earnings History by Quarter for Government Properties Income Trust (NYSE GOV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.59||$0.60||$69.08 million||$69.89 million||View||Listen|
|4/27/2017||Q1 2017||$0.58||$0.56||$67.44 million||$69.30 million||View||N/A|
|2/22/2017||Q416||$0.56||$0.17||$64.54 million||$66.03 million||View||Listen|
|10/27/2016||Q316||$0.57||$0.54||$64.09 million||$64.50 million||View||Listen|
|7/28/2016||Q216||$0.62||$0.61||$63.74 million||$64.06 million||View||Listen|
|4/28/2016||Q116||$0.60||$0.62||$62.64 million||$63.61 million||View||Listen|
|2/18/2016||Q415||$0.60||$0.61||$62.21 million||$61.68 million||View||Listen|
|10/29/2015||Q315||$0.59||$0.59||$61.99 million||$62.09 million||View||Listen|
|7/30/2015||Q215||$0.60||$0.60||$63.24 million||$62.10 million||View||Listen|
|4/30/2015||Q115||$0.58||$0.58||$64.27 million||$62.70 million||View||N/A|
|2/20/2015||Q414||$0.58||$0.58||$63.45 million||$64.60 million||View||N/A|
|10/30/2014||Q314||$0.62||$0.61||$69.11 million||$64.20 million||View||Listen|
|8/6/2014||Q214||$0.55||$0.57||$60.87 million||$62.43 million||View||Listen|
|4/30/2014||Q114||$0.54||$0.53||$59.95 million||$59.82 million||View||Listen|
|2/18/2014||Q413||$0.52||$0.52||$57.19 million||$58.27 million||View||Listen|
|10/29/2013||Q313||$0.53||$0.51||$57.12 million||$56.40 million||View||Listen|
|7/31/2013||Q213||$0.53||$0.54||$58.07 million||$57.30 million||View||Listen|
|4/30/2013||Q113||$0.52||$0.56||$57.61 million||$57.70 million||View||N/A|
|2/20/2013||Q412||$0.53||$0.53||$56.34 million||$56.30 million||View||Listen|
|10/30/2012||Q312||$0.55||$0.54||$52.10 million||$54.08 million||View||N/A|
Earnings Estimates for Government Properties Income Trust (NYSE:GOV)
2017 EPS Consensus Estimate: $2.09
2018 EPS Consensus Estimate: $2.30
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Government Properties Income Trust (NYSE:GOV)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-76.11% (Trailing 12 Months of Earnings) |
382.22% (Based on This Year's Estimates)
505.88% (Based on Next Year's Estimates)
Dividend History by Quarter for Government Properties Income Trust (NYSE GOV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Government Properties Income Trust (NYSE:GOV)Insider Trades by Quarter for Government Properties Income Trust (NYSE:GOV)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/29/2014||Adam Portnoy||Director||Buy||360,000||$23.50||$8,460,000.00|| |
Headline Trends for Government Properties Income Trust (NYSE:GOV)
Latest Headlines for Government Properties Income Trust (NYSE:GOV)
Government Properties Income Trust (GOV) Chart for Friday, October, 20, 2017