Pinebridge Investments L.P. lifted its holdings in shares of Government Properties Income Trust (NASDAQ:GOV) by 46.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,405 shares of the real estate investment trust’s stock after acquiring an additional 31,918 shares during the quarter. Pinebridge Investments L.P. owned about 0.10% of Government Properties Income Trust worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Government Properties Income Trust by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,122 shares of the real estate investment trust’s stock valued at $22,188,000 after acquiring an additional 122,334 shares in the last quarter. BB&T Securities LLC lifted its holdings in shares of Government Properties Income Trust by 55.1% during the 3rd quarter. BB&T Securities LLC now owns 18,376 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 6,531 shares in the last quarter. Camelot Portfolios LLC lifted its holdings in shares of Government Properties Income Trust by 47.9% during the 3rd quarter. Camelot Portfolios LLC now owns 76,917 shares of the real estate investment trust’s stock valued at $1,444,000 after acquiring an additional 24,926 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Government Properties Income Trust by 29.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 558,677 shares of the real estate investment trust’s stock worth $10,487,000 after buying an additional 126,368 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Government Properties Income Trust by 46.6% during the 3rd quarter. Wells Fargo & Company MN now owns 297,921 shares of the real estate investment trust’s stock worth $5,592,000 after buying an additional 94,767 shares during the period. Institutional investors and hedge funds own 58.31% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. DA Davidson assumed coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, Jefferies Group reaffirmed a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.75.

Shares of Government Properties Income Trust (GOV) opened at $18.08 on Thursday. The firm has a market cap of $1,859.98, a PE ratio of 8.69, a PEG ratio of 1.79 and a beta of 1.05. Government Properties Income Trust has a 1 year low of $17.36 and a 1 year high of $22.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.44 and a quick ratio of 9.44.

Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $70.18 million during the quarter, compared to the consensus estimate of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. Government Properties Income Trust’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. equities research analysts forecast that Government Properties Income Trust will post 2.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 9.51%. The ex-dividend date was Friday, October 20th. Government Properties Income Trust’s payout ratio is currently 318.52%.

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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.

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

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