Government Properties Income Trust (GOV) Holdings Increased by Advantus Capital Management Inc

Advantus Capital Management Inc boosted its stake in shares of Government Properties Income Trust (NYSE:GOV) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,800 shares of the real estate investment trust’s stock after buying an additional 3,800 shares during the period. Advantus Capital Management Inc’s holdings in Government Properties Income Trust were worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Government Properties Income Trust by 0.9% during the 1st quarter. Wellington Management Group LLP now owns 24,201 shares of the real estate investment trust’s stock valued at $507,000 after acquiring an additional 205 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Government Properties Income Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 51,939 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 434 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Government Properties Income Trust by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 55,002 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 692 shares during the period. Daiwa Securities Group Inc. boosted its position in Government Properties Income Trust by 14.3% during the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 800 shares during the period. Finally, Fiduciary Financial Services of The Southwest Inc. TX boosted its position in Government Properties Income Trust by 1.0% during the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 94,072 shares of the real estate investment trust’s stock worth $1,722,000 after purchasing an additional 965 shares during the period.

Shares of Government Properties Income Trust (GOV) opened at $18.76 on Friday. Government Properties Income Trust has a 1 year low of $17.36 and a 1 year high of $22.99.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The company had revenue of $70.18 million during the quarter, compared to the consensus estimate of $69.80 million. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Friday, October 20th.

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GOV has been the subject of a number of research analyst reports. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Morgan Stanley restated an “underweight” rating and issued a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Jefferies Group LLC restated a “sell” rating and issued a $14.00 target price on shares of Government Properties Income Trust in a research note on Thursday, September 21st. DA Davidson initiated coverage on Government Properties Income Trust in a research note on Friday, September 29th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Government Properties Income Trust currently has a consensus rating of “Hold” and an average price target of $18.75.

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.

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

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