Municipal Employees Retirement System of Michigan Has $675,000 Holdings in Government Properties Income Trust (GOV)

Municipal Employees Retirement System of Michigan trimmed its position in shares of Government Properties Income Trust (NASDAQ:GOV) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,410 shares of the real estate investment trust’s stock after selling 6,440 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Government Properties Income Trust were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GOV. First Trust Advisors LP boosted its stake in Government Properties Income Trust by 23.6% during the 3rd quarter. First Trust Advisors LP now owns 117,008 shares of the real estate investment trust’s stock valued at $2,196,000 after purchasing an additional 22,364 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Government Properties Income Trust by 8.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 62,080 shares of the real estate investment trust’s stock valued at $1,165,000 after purchasing an additional 4,831 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Government Properties Income Trust during the 3rd quarter valued at about $284,000. Prudential Financial Inc. boosted its stake in Government Properties Income Trust by 11.1% during the 3rd quarter. Prudential Financial Inc. now owns 337,660 shares of the real estate investment trust’s stock valued at $6,338,000 after purchasing an additional 33,860 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Government Properties Income Trust by 20.8% during the 3rd quarter. New York State Common Retirement Fund now owns 92,300 shares of the real estate investment trust’s stock valued at $1,732,000 after purchasing an additional 15,900 shares during the period. 59.28% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Government Properties Income Trust stock opened at $13.02 on Friday. The firm has a market cap of $1,290.87, a P/E ratio of 68.53, a PEG ratio of 1.25 and a beta of 1.10. Government Properties Income Trust has a one year low of $13.01 and a one year high of $22.99. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.70.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The company had revenue of $107.17 million during the quarter, compared to analyst estimates of $107.56 million. Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. The company’s revenue was up 62.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. research analysts anticipate that Government Properties Income Trust will post 2.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, January 29th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date was Friday, January 26th. Government Properties Income Trust’s dividend payout ratio is currently 905.31%.

A number of brokerages have recently weighed in on GOV. BidaskClub lowered shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. B. Riley set a $21.00 price target on shares of Government Properties Income Trust and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $14.00 price target on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. ValuEngine lowered shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet lowered shares of Government Properties Income Trust from a “c” rating to a “d+” rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.33.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3299875/municipal-employees-retirement-system-of-michigan-has-675000-holdings-in-government-properties-income-trust-gov.html.

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.

Want to see what other hedge funds are holding GOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Government Properties Income Trust (NASDAQ:GOV).

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

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Brokerages Expect Spark Therapeutics  Will Announce Quarterly Sales of $53.82 Million
Zacks: Brokerages Expect Spark Therapeutics Will Announce Quarterly Sales of $53.82 Million
USDe  Price Hits $0.0002 on Exchanges
USDe Price Hits $0.0002 on Exchanges
DigiPulse  Reaches 24 Hour Trading Volume of $211,967.00
DigiPulse Reaches 24 Hour Trading Volume of $211,967.00
1337 Price Reaches $0.0005
1337 Price Reaches $0.0005
Nicolet Bankshares  Receives $61.25 Average Target Price from Analysts
Nicolet Bankshares Receives $61.25 Average Target Price from Analysts
Marinus Pharmaceuticals, Inc.  Receives $18.75 Average Target Price from Analysts
Marinus Pharmaceuticals, Inc. Receives $18.75 Average Target Price from Analysts


© 2006-2018 Ticker Report. Google+.