Bank of New York Mellon Corp Acquires 128,699 Shares of Government Properties Income Trust (GOV)

Bank of New York Mellon Corp boosted its holdings in shares of Government Properties Income Trust (NASDAQ:GOV) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,649,317 shares of the real estate investment trust’s stock after purchasing an additional 128,699 shares during the period. Bank of New York Mellon Corp owned 1.66% of Government Properties Income Trust worth $30,580,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Citadel Advisors LLC boosted its position in Government Properties Income Trust by 95.3% in the 3rd quarter. Citadel Advisors LLC now owns 264,460 shares of the real estate investment trust’s stock valued at $4,964,000 after buying an additional 129,028 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Government Properties Income Trust by 29.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 558,677 shares of the real estate investment trust’s stock valued at $10,487,000 after buying an additional 126,368 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Government Properties Income Trust by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,122 shares of the real estate investment trust’s stock worth $22,188,000 after purchasing an additional 122,334 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Government Properties Income Trust by 233.7% in the 4th quarter. Arizona State Retirement System now owns 166,653 shares of the real estate investment trust’s stock worth $3,090,000 after purchasing an additional 116,706 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Government Properties Income Trust by 46.6% in the 3rd quarter. Wells Fargo & Company MN now owns 297,921 shares of the real estate investment trust’s stock worth $5,592,000 after purchasing an additional 94,767 shares during the last quarter. 59.28% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Jefferies Group reiterated a “sell” rating on shares of Government Properties Income Trust in a report on Wednesday. TheStreet lowered Government Properties Income Trust from a “c” rating to a “d+” rating in a report on Monday, February 26th. BidaskClub downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, ValuEngine downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.33.

GOV traded down $0.20 during trading on Friday, hitting $12.28. 1,195,108 shares of the stock traded hands, compared to its average volume of 1,028,071. Government Properties Income Trust has a twelve month low of $12.25 and a twelve month high of $22.99. The company has a market cap of $1,237.33, a P/E ratio of 6.08, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 1.47.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $107.17 million for the quarter, compared to analyst estimates of $107.56 million. Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. The firm’s quarterly revenue was up 62.3% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. analysts expect that Government Properties Income Trust will post 2.02 earnings per share for the current fiscal year.

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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.

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

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