LSV Asset Management grew its stake in Government Properties Income Trust (NASDAQ:GOV) by 5.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,740,790 shares of the real estate investment trust’s stock after buying an additional 95,010 shares during the period. LSV Asset Management’s holdings in Government Properties Income Trust were worth $19,653,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Government Properties Income Trust by 22.1% in the 2nd quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock valued at $186,627,000 after purchasing an additional 2,132,492 shares during the period. Northern Trust Corp lifted its stake in shares of Government Properties Income Trust by 1.3% in the 2nd quarter. Northern Trust Corp now owns 1,772,313 shares of the real estate investment trust’s stock valued at $28,092,000 after purchasing an additional 22,961 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Government Properties Income Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,680,894 shares of the real estate investment trust’s stock valued at $26,642,000 after purchasing an additional 15,572 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Government Properties Income Trust by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,948 shares of the real estate investment trust’s stock valued at $23,330,000 after purchasing an additional 27,116 shares during the period. Finally, Global X Management Co LLC lifted its stake in shares of Government Properties Income Trust by 26.8% in the 2nd quarter. Global X Management Co LLC now owns 780,793 shares of the real estate investment trust’s stock valued at $12,376,000 after purchasing an additional 164,975 shares during the period. 61.31% of the stock is currently owned by institutional investors.

GOV has been the topic of a number of analyst reports. Morgan Stanley raised Government Properties Income Trust to a “sell” rating and set a $12.00 price target on the stock in a research note on Wednesday, September 19th. ValuEngine downgraded Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Monday, September 17th. B. Riley set a $15.00 price objective on Government Properties Income Trust and gave the stock a “buy” rating in a research note on Friday, November 2nd. Royal Bank of Canada set a $14.00 price objective on Government Properties Income Trust and gave the stock a “sell” rating in a research note on Wednesday, August 8th. Finally, BidaskClub downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.20.

Shares of Government Properties Income Trust stock opened at $8.86 on Tuesday. The firm has a market cap of $876.97 million, a P/E ratio of 4.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Government Properties Income Trust has a 12 month low of $8.44 and a 12 month high of $19.05. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.73 and a current ratio of 1.73.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The business had revenue of $106.10 million for the quarter, compared to the consensus estimate of $103.90 million. Government Properties Income Trust had a return on equity of 0.64% and a net margin of 4.14%. The firm’s revenue was up 51.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, analysts expect that Government Properties Income Trust will post 1.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, October 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 19.41%. The ex-dividend date of this dividend was Friday, October 26th. Government Properties Income Trust’s payout ratio is presently 85.15%.

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About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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

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