Global X Management Co. LLC Raises Position in Government Properties Income Trust (GOV)

Global X Management Co. LLC boosted its stake in shares of Government Properties Income Trust (NYSE:GOV) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,618 shares of the real estate investment trust’s stock after buying an additional 20,785 shares during the period. Global X Management Co. LLC’s holdings in Government Properties Income Trust were worth $8,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOV. Benedict Financial Advisors Inc. raised its position in shares of Government Properties Income Trust by 0.9% in the first quarter. Benedict Financial Advisors Inc. now owns 16,047 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 139 shares during the period. Wedbush Securities Inc. raised its position in shares of Government Properties Income Trust by 0.9% in the first quarter. Wedbush Securities Inc. now owns 22,009 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 200 shares during the period. Wellington Management Group LLP raised its position in shares of Government Properties Income Trust by 0.9% in the first quarter. Wellington Management Group LLP now owns 24,201 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 205 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Government Properties Income Trust by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,775 shares of the real estate investment trust’s stock valued at $1,419,000 after buying an additional 396 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Government Properties Income Trust by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,000 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 400 shares during the period.

Government Properties Income Trust (NYSE:GOV) opened at 18.14 on Friday. Government Properties Income Trust has a one year low of $17.36 and a one year high of $24.61. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 30.64 and a beta of 1.04. The firm’s 50-day moving average price is $18.55 and its 200 day moving average price is $20.38.

Government Properties Income Trust (NYSE:GOV) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The business had revenue of $69.89 million during the quarter, compared to the consensus estimate of $69.08 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Government Properties Income Trust will post $0.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, July 24th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Thursday, July 20th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.

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Several brokerages have weighed in on GOV. Zacks Investment Research raised Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 26th. Jefferies Group LLC reissued a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a report on Friday, July 14th. FBR & Co reissued an “outperform” rating and set a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Finally, Morgan Stanley reissued an “underweight” rating and set a $18.50 price objective (up from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.90.

Government Properties Income Trust Company Profile

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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Institutional Ownership by Quarter for Government Properties Income Trust (NYSE:GOV)

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