Northern Capital Management LLC increased its position in Government Properties Income Trust (NYSE:GOV) by 72.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,645 shares of the real estate investment trust’s stock after acquiring an additional 66,450 shares during the period. Northern Capital Management LLC owned approximately 0.16% of Government Properties Income Trust worth $2,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new stake in shares of Government Properties Income Trust in the 3rd quarter worth approximately $284,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Government Properties Income Trust by 8.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 62,080 shares of the real estate investment trust’s stock worth $1,165,000 after acquiring an additional 4,831 shares during the period. First Trust Advisors LP grew its holdings in shares of Government Properties Income Trust by 23.6% in the 3rd quarter. First Trust Advisors LP now owns 117,008 shares of the real estate investment trust’s stock worth $2,196,000 after acquiring an additional 22,364 shares during the period. Strs Ohio grew its holdings in shares of Government Properties Income Trust by 32.1% in the 3rd quarter. Strs Ohio now owns 145,698 shares of the real estate investment trust’s stock worth $2,734,000 after acquiring an additional 35,406 shares during the period. Finally, Archford Capital Strategies LLC grew its holdings in shares of Government Properties Income Trust by 294.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 8,045 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 6,008 shares during the period.

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A number of research firms recently weighed in on GOV. FBR & Co restated a “buy” rating on shares of Government Properties Income Trust in a report on Tuesday. Jefferies Group LLC reiterated a “sell” rating and set a $14.00 target price on shares of Government Properties Income Trust in a report on Tuesday, October 24th. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, DA Davidson initiated coverage on Government Properties Income Trust in a report on Friday, September 29th. They set a “neutral” rating and a $20.00 target price on the stock. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.40.

Shares of Government Properties Income Trust (NYSE GOV) traded up 1.05% during midday trading on Tuesday, reaching $18.21. The company’s stock had a trading volume of 455,900 shares. Government Properties Income Trust has a 12 month low of $18.00 and a 12 month high of $18.49.

Government Properties Income Trust (NYSE:GOV) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.80 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Equities research analysts expect that Government Properties Income Trust will post $0.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.72 annualized dividend and a yield of 9.54%. Government Properties Income Trust’s dividend payout ratio (DPR) is -76.11%.

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.

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

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