Government Properties Income Trust (GOV) Short Interest Up 39.0% in October

Government Properties Income Trust (NASDAQ:GOV) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 17,173,101 shares, an increase of 39.0% from the September 28th total of 12,351,429 shares. Currently, 17.8% of the shares of the company are short sold. Based on an average trading volume of 4,175,471 shares, the days-to-cover ratio is currently 4.1 days.

Several hedge funds have recently made changes to their positions in GOV. Rehmann Capital Advisory Group lifted its stake in shares of Government Properties Income Trust by 243.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 5,323 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Government Properties Income Trust during the 1st quarter valued at approximately $149,000. Independent Advisor Alliance purchased a new stake in shares of Government Properties Income Trust during the 2nd quarter valued at approximately $160,000. HighPoint Advisor Group LLC purchased a new stake in shares of Government Properties Income Trust during the 2nd quarter valued at approximately $168,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Government Properties Income Trust during the 2nd quarter valued at approximately $240,000. Institutional investors own 57.92% of the company’s stock.

Shares of GOV stock opened at $9.06 on Friday. The company has a market cap of $966.87 million, a P/E ratio of 4.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.60 and a current ratio of 1.60. Government Properties Income Trust has a 12 month low of $8.92 and a 12 month high of $19.05.



Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $105.95 million. Government Properties Income Trust had a net margin of 7.42% and a return on equity of 2.16%. Government Properties Income Trust’s revenue was up 54.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, research analysts forecast that Government Properties Income Trust will post 1.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, October 29th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 18.98%. The ex-dividend date is Friday, October 26th. Government Properties Income Trust’s payout ratio is currently 85.15%.

A number of research analysts have weighed in on GOV shares. Morgan Stanley upgraded shares of Government Properties Income Trust to a “sell” rating and set a $12.00 target price on the stock in a research note on Wednesday, September 19th. ValuEngine cut shares of Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Monday, September 17th. B. Riley set a $17.00 target price on shares of Government Properties Income Trust and gave the company a “buy” rating in a research note on Wednesday, September 19th. Royal Bank of Canada set a $14.00 target price on shares of Government Properties Income Trust and gave the company a “sell” rating in a research note on Wednesday, August 8th. Finally, BidaskClub cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.60.

About Government Properties Income Trust

Government Properties Income Trust 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, DC market area that are leased to government and private sector tenants.

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