Systematic Financial Management LP reduced its holdings in Government Properties Income Trust (NYSE:GOV) by 6.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 76,175 shares of the real estate investment trust’s stock after selling 5,365 shares during the quarter. Systematic Financial Management LP owned approximately 0.08% of Government Properties Income Trust worth $1,395,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Government Properties Income Trust by 25.1% in the 2nd quarter. Wells Fargo & Company MN now owns 203,154 shares of the real estate investment trust’s stock worth $3,719,000 after buying an additional 40,795 shares during the last quarter. LSV Asset Management lifted its position in shares of Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after buying an additional 344,000 shares during the last quarter. Northern Capital Management LLC lifted its position in shares of Government Properties Income Trust by 5.3% in the 2nd quarter. Northern Capital Management LLC now owns 91,195 shares of the real estate investment trust’s stock worth $1,670,000 after buying an additional 4,560 shares during the last quarter. Swiss National Bank lifted its position in shares of Government Properties Income Trust by 3.2% in the 2nd quarter. Swiss National Bank now owns 120,300 shares of the real estate investment trust’s stock worth $2,203,000 after buying an additional 3,700 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its position in shares of Government Properties Income Trust by 6,827.5% in the 2nd quarter. Pacad Investment Ltd. now owns 41,565 shares of the real estate investment trust’s stock worth $761,000 after buying an additional 40,965 shares during the last quarter.

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Government Properties Income Trust (NYSE GOV) opened at 18.47 on Tuesday. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $23.90. The stock has a 50 day moving average of $18.31 and a 200-day moving average of $20.10. The company has a market capitalization of $1.78 billion, a P/E ratio of 31.20 and a beta of 1.04.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities analysts forecast that Government Properties Income Trust will post $0.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, July 24th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.31%. The ex-dividend date was Thursday, July 20th. Government Properties Income Trust’s dividend payout ratio (DPR) is presently -76.11%.

A number of research analysts have recently issued reports on GOV shares. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC restated a “sell” rating and issued a $15.00 price target on shares of Government Properties Income Trust in a research report on Tuesday, June 20th. Morgan Stanley restated an “underweight” rating and issued a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Finally, FBR & Co restated an “outperform” rating and issued a $23.00 price target (down from $25.00) on shares of Government Properties Income Trust in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.80.

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.

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

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