Cetera Advisor Networks LLC raised its holdings in Government Properties Income Trust (NASDAQ:GOV) by 84.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,714 shares of the real estate investment trust’s stock after buying an additional 25,549 shares during the period. Cetera Advisor Networks LLC owned approximately 0.06% of Government Properties Income Trust worth $1,051,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOV. Vanguard Group Inc. raised its holdings in shares of Government Properties Income Trust by 20.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock valued at $319,052,000 after purchasing an additional 2,989,467 shares in the last quarter. State Street Corp raised its holdings in shares of Government Properties Income Trust by 8.4% in the 2nd quarter. State Street Corp now owns 2,014,618 shares of the real estate investment trust’s stock valued at $36,885,000 after purchasing an additional 156,443 shares in the last quarter. LSV Asset Management raised its holdings 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 valued at $29,017,000 after purchasing an additional 344,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Government Properties Income Trust by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,520,618 shares of the real estate investment trust’s stock valued at $28,541,000 after purchasing an additional 70,555 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Government Properties Income Trust by 16.3% in the 2nd quarter. Northern Trust Corp now owns 1,328,007 shares of the real estate investment trust’s stock valued at $24,316,000 after purchasing an additional 186,278 shares in the last quarter. 58.31% of the stock is owned by institutional investors.

Shares of Government Properties Income Trust (GOV) opened at $18.50 on Thursday. Government Properties Income Trust has a one year low of $17.36 and a one year high of $22.99. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. The company has a market cap of $1,816.35, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.76 and a beta of 1.05.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The company had revenue of $70.18 million for the quarter, compared to analyst estimates of $69.80 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. Government Properties Income Trust’s revenue was up 8.8% compared to the same quarter last year. analysts predict that Government Properties Income Trust will post 2.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were paid a dividend of $0.43 per share. The ex-dividend date was Friday, October 20th. This represents a $1.72 annualized dividend and a yield of 9.30%. Government Properties Income Trust’s dividend payout ratio is currently 318.52%.

A number of equities research analysts have recently weighed in on GOV shares. B. Riley restated a “buy” rating on shares of Government Properties Income Trust in a report on Wednesday, November 1st. Morgan Stanley restated an “underweight” rating and issued a $18.00 price objective (down from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. FBR & Co reiterated a “buy” rating on shares of Government Properties Income Trust in a research note on Tuesday, October 31st. Finally, Jefferies Group reiterated a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Government Properties Income Trust has a consensus rating of “Hold” and a consensus target price of $18.75.

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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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