Dimensional Fund Advisors LP increased its stake in Government Properties Income Trust (NYSE:GOV) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,036,256 shares of the real estate investment trust’s stock after buying an additional 30,660 shares during the period. Dimensional Fund Advisors LP’s holdings in Government Properties Income Trust were worth $21,688,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOV. Geode Capital Management LLC increased its position in shares of Government Properties Income Trust by 3.0% in the first quarter. Geode Capital Management LLC now owns 573,837 shares of the real estate investment trust’s stock valued at $12,010,000 after buying an additional 16,874 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Government Properties Income Trust by 12.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,860 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 3,081 shares during the period. Vanguard Group Inc. increased its position in shares of Government Properties Income Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 14,435,558 shares of the real estate investment trust’s stock valued at $302,136,000 after buying an additional 290,454 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Government Properties Income Trust by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 47,930 shares of the real estate investment trust’s stock valued at $1,003,000 after buying an additional 1,820 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Government Properties Income Trust by 4.0% in the first quarter. Legal & General Group Plc now owns 283,985 shares of the real estate investment trust’s stock valued at $5,943,000 after buying an additional 10,976 shares during the period.

Government Properties Income Trust (NYSE GOV) opened at 18.13 on Thursday. The firm’s 50-day moving average is $18.67 and its 200-day moving average is $20.39. The firm has a market capitalization of $1.74 billion, a P/E ratio of 30.62 and a beta of 1.04. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $24.61.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm had revenue of $69.89 million for the quarter, compared to analyst estimates of $69.08 million. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Government Properties Income Trust will post $0.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, July 24th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Thursday, July 20th. Government Properties Income Trust’s payout ratio is -76.11%.

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Several brokerages recently issued reports on GOV. Jefferies Group LLC reiterated a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research report on Friday, July 14th. FBR & Co restated an “outperform” rating and set a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Finally, Morgan Stanley restated an “underweight” rating and set a $18.50 target price (up from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.90.

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.

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

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