Government Properties Income Trust (GOV) Shares Bought by LSV Asset Management

LSV Asset Management boosted its stake in shares of Government Properties Income Trust (NYSE:GOV) by 27.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,584,780 shares of the real estate investment trust’s stock after purchasing an additional 344,000 shares during the quarter. LSV Asset Management owned about 1.65% of Government Properties Income Trust worth $29,017,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its position in shares of Government Properties Income Trust by 33.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,400 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Government Properties Income Trust in the first quarter valued at about $127,000. SG Americas Securities LLC bought a new stake in shares of Government Properties Income Trust in the second quarter valued at about $145,000. Winslow Evans & Crocker Inc. boosted its position in shares of Government Properties Income Trust by 40.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 8,610 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,474 shares during the period. Finally, WFG Advisors LP boosted its position in shares of Government Properties Income Trust by 81.5% in the first quarter. WFG Advisors LP now owns 7,642 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 3,432 shares during the period.

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A number of equities research analysts have recently issued reports on GOV shares. Morgan Stanley reissued an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “sell” rating and issued a $15.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Thursday, June 29th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 target price (down previously from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.80.

Shares of Government Properties Income Trust (NYSE GOV) opened at 18.51 on Tuesday. Government Properties Income Trust has a 12 month low of $17.36 and a 12 month high of $23.90. The company has a market cap of $1.78 billion, a PE ratio of 31.27 and a beta of 1.04. The stock has a 50 day moving average of $18.20 and a 200-day moving average of $20.19.

Government Properties Income Trust (NYSE:GOV) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $69.89 million during the quarter, compared to the consensus estimate of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. Equities analysts forecast that Government Properties Income Trust will post $0.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, July 24th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.72 annualized dividend and a dividend yield of 9.29%. Government Properties Income Trust’s payout ratio is -76.11%.

About Government Properties Income Trust

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.

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

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