Russell Investments Group Ltd. boosted its stake in shares of Government Properties Income Trust (NYSE:GOV) by 200.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,635 shares of the real estate investment trust’s stock after buying an additional 23,116 shares during the period. Russell Investments Group Ltd.’s holdings in Government Properties Income Trust were worth $634,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Government Properties Income Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 14,435,558 shares of the real estate investment trust’s stock valued at $302,136,000 after purchasing an additional 290,454 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Government Properties Income Trust by 9,060.9% in the 1st quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock valued at $154,305,000 after purchasing an additional 7,292,039 shares during the last quarter. State Street Corp lifted its stake in shares of Government Properties Income Trust by 6.4% in the 1st quarter. State Street Corp now owns 1,858,175 shares of the real estate investment trust’s stock valued at $38,885,000 after purchasing an additional 112,435 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Government Properties Income Trust by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,284,832 shares of the real estate investment trust’s stock valued at $26,891,000 after purchasing an additional 76,409 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Government Properties Income Trust by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,256 shares of the real estate investment trust’s stock valued at $21,688,000 after purchasing an additional 30,660 shares during the last quarter.

Several equities analysts have recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $18.50 price target (up previously from $17.00) on shares of Government Properties Income Trust in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $15.00 price target on shares of Government Properties Income Trust in a research note on Tuesday, June 20th. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price target (down previously from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Government Properties Income Trust presently has a consensus rating of “Hold” and an average price target of $18.80.

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Shares of Government Properties Income Trust (NYSE GOV) traded down 1.92% during trading on Monday, hitting $18.40. The stock had a trading volume of 295,642 shares. The company has a market cap of $1.77 billion, a PE ratio of 31.08 and a beta of 1.04. The stock’s 50 day moving average is $18.29 and its 200-day moving average is $20.12. Government Properties Income Trust has a 12-month low of $17.36 and a 12-month high of $23.90.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $69.89 million during the quarter, compared to analyst estimates of $69.08 million. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. Government Properties Income Trust’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. Analysts forecast that Government Properties Income Trust will post $0.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, July 24th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend was Thursday, July 20th. Government Properties Income Trust’s dividend payout ratio is currently -76.11%.

About Government Properties Income Trust

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 (NYSE:GOV)

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