Government Properties Income Trust (GOV) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY reduced its position in shares of Government Properties Income Trust (NASDAQ:GOV) by 50.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,029 shares of the real estate investment trust’s stock after selling 35,597 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Government Properties Income Trust were worth $649,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GOV. Schroder Investment Management Group purchased a new position in Government Properties Income Trust in the 3rd quarter worth about $168,000. Mutual Advisors LLC purchased a new position in Government Properties Income Trust in the 4th quarter worth about $194,000. Wilen Investment Management CORP. purchased a new position in Government Properties Income Trust in the 4th quarter worth about $230,000. AMP Capital Investors Ltd increased its stake in Government Properties Income Trust by 38.1% in the 3rd quarter. AMP Capital Investors Ltd now owns 15,224 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 4,200 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Government Properties Income Trust by 99.7% in the 3rd quarter. SG Americas Securities LLC now owns 15,792 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 7,883 shares in the last quarter. 59.28% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in on GOV shares. BidaskClub raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued 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. Finally, B. Riley set a $21.00 price target on Government Properties Income Trust and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.33.

Shares of NASDAQ GOV opened at $12.28 on Monday. Government Properties Income Trust has a one year low of $12.25 and a one year high of $22.99. The stock has a market cap of $1,217.50, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 1.47.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. The business had revenue of $107.17 million for the quarter, compared to analyst estimates of $107.56 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The company’s revenue was up 62.3% compared to the same quarter last year. equities analysts expect that Government Properties Income Trust will post 2.02 EPS for the current year.

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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.

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)

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