Bank of New York Mellon Corp Has $26.55 Million Holdings in Government Properties Income Trust (GOV)

Bank of New York Mellon Corp raised its position in Government Properties Income Trust (NYSE:GOV) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,450,063 shares of the real estate investment trust’s stock after buying an additional 165,231 shares during the period. Bank of New York Mellon Corp’s holdings in Government Properties Income Trust were worth $26,551,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOV. Teachers Advisors LLC boosted its position in Government Properties Income Trust by 2.8% in the 4th quarter. Teachers Advisors LLC now owns 120,856 shares of the real estate investment trust’s stock valued at $2,304,000 after buying an additional 3,324 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Government Properties Income Trust by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 100,795 shares of the real estate investment trust’s stock valued at $2,109,000 after buying an additional 7,084 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Government Properties Income Trust by 0.6% in the 1st 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 last quarter. Daiwa Securities Group Inc. boosted its position in Government Properties Income Trust by 33.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,400 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in Government Properties Income Trust by 17.5% in the 1st quarter. Suntrust Banks Inc. now owns 13,528 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 2,014 shares during the last quarter.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Jefferies Group LLC reissued a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research report on Friday, July 14th. FBR & Co reissued an “outperform” rating and issued a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $18.50 price objective (up from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.80.

Government Properties Income Trust (NYSE:GOV) opened at 18.36 on Wednesday. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $23.90. The firm has a 50-day moving average of $18.21 and a 200-day moving average of $20.18. The stock has a market capitalization of $1.77 billion, a PE ratio of 31.01 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, July 24th were issued a $0.43 dividend. The ex-dividend date was Thursday, July 20th. This represents a $1.72 annualized dividend and a yield of 9.37%. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.

Government Properties Income Trust 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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