Government Properties Income Trust (NASDAQ:GOV) had declared a cash dividend of $0.4300 on Jul 12, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed for Jul 22, 2016. On Jul 12, 2016 share price, the yield comes out to be 7.2269%. The dividend payable date has been fixed on Aug 22, 2016.
In a different note, FBR Capital said it Initiates Coverage on Government Properties Income Trust, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Outperform’ by the firm.
Government Properties Income Trust (GOV) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -0.62% at a volume of 7,41,035. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.29. The peak price level was also seen at $24.29 while the days lowest was $23.89. Finally the shares closed at $24.11. The 52-week high of the shares is $24.6 while the 52-week low is $12.33. According to the latest information available, the market cap of the company is $1,715 M.
Government Properties Income Trust(GOV) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $63.61M. Analysts had an estimated revenue of $62.64M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.60.
Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business 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 Alabama Arizona California Florida Kentucky Massachusetts New Jersey New York Texas Washington and Wyoming. The Company’s properties (64 buildings) with approximately 7.7 million rentable square feet are primarily leased to the United States Government 18 of those properties (24 buildings) with approximately 2.6 million rentable square feet primarily leased to 12 state governments one of those properties (one building) with 187060 Rentable square feet is leased to the United Nations an international intergovernmental organization and three of those properties (three buildings) with 507788 rentable square feet primarily leased to non-government tenants.