Geode Capital Management LLC raised its stake in shares of Government Properties Income Trust (NYSE:GOV) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 573,837 shares of the real estate investment trust’s stock after buying an additional 16,874 shares during the period. Geode Capital Management LLC owned about 0.81% of Government Properties Income Trust worth $12,010,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Government Properties Income Trust by 12.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,860 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 3,081 shares in the last quarter. Vanguard Group Inc. boosted its stake in Government Properties Income Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 14,435,558 shares of the real estate investment trust’s stock worth $302,136,000 after buying an additional 290,454 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Government Properties Income Trust by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 47,930 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 1,820 shares in the last quarter. Legal & General Group Plc boosted its stake in Government Properties Income Trust by 4.0% in the first quarter. Legal & General Group Plc now owns 283,985 shares of the real estate investment trust’s stock worth $5,943,000 after buying an additional 10,976 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Government Properties Income Trust by 125.6% in the first quarter. PNC Financial Services Group Inc. now owns 131,219 shares of the real estate investment trust’s stock worth $2,746,000 after buying an additional 73,055 shares in the last quarter.

Shares of Government Properties Income Trust (NYSE:GOV) traded down 0.60% during midday trading on Friday, reaching $18.19. 959,772 shares of the company traded hands. Government Properties Income Trust has a 12-month low of $17.93 and a 12-month high of $18.21.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million for the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. On average, equities research analysts expect that Government Properties Income Trust will post $0.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, July 24th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Thursday, July 20th. Government Properties Income Trust’s payout ratio is currently -76.11%.

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A number of brokerages recently weighed in on GOV. Zacks Investment Research lowered shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Morgan Stanley restated an “underweight” rating and set a $18.50 price objective (up from $17.00) on shares of Government Properties Income Trust in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $18.90.

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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