Belpointe Asset Management LLC cut its position in shares of Government Properties Income Trust (NASDAQ:GOV) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,523 shares of the real estate investment trust’s stock after selling 3,650 shares during the quarter. Belpointe Asset Management LLC’s holdings in Government Properties Income Trust were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GOV. BlackRock Inc. increased its holdings in shares of Government Properties Income Trust by 0.6% in the 4th quarter. BlackRock Inc. now owns 9,356,557 shares of the real estate investment trust’s stock valued at $173,470,000 after purchasing an additional 53,404 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Government Properties Income Trust by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,649,317 shares of the real estate investment trust’s stock valued at $30,580,000 after purchasing an additional 128,699 shares during the period. Huber Capital Management LLC increased its holdings in shares of Government Properties Income Trust by 3.5% in the 4th quarter. Huber Capital Management LLC now owns 1,302,056 shares of the real estate investment trust’s stock valued at $24,140,000 after purchasing an additional 43,861 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 valued at $22,188,000 after purchasing an additional 122,334 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Government Properties Income Trust by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,147,144 shares of the real estate investment trust’s stock valued at $21,337,000 after purchasing an additional 30,398 shares during the period. 59.41% of the stock is owned by institutional investors.

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A number of equities analysts have recently weighed in on GOV shares. ValuEngine upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley set a $21.00 target price on Government Properties Income Trust and gave the company a “buy” rating in a report on Wednesday, February 28th. TheStreet downgraded Government Properties Income Trust from a “c” rating to a “d+” rating in a report on Monday, February 26th. BidaskClub upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded Government Properties Income Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Government Properties Income Trust presently has an average rating of “Hold” and an average target price of $18.33.

Government Properties Income Trust stock opened at $13.93 on Monday. Government Properties Income Trust has a twelve month low of $13.36 and a twelve month high of $22.99. The company has a market capitalization of $1,381.09, a P/E ratio of 73.32, a P/E/G ratio of 1.33 and a beta of 1.10. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.70.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Government Properties Income Trust had a return on equity of 1.22% and a net margin of 3.82%. The firm had revenue of $107.17 million during the quarter, compared to analyst estimates of $107.56 million. During the same quarter in the prior year, the company posted $0.58 EPS. The company’s quarterly revenue was up 62.3% on a year-over-year basis. analysts expect that Government Properties Income Trust will post 2.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were issued a $0.43 dividend. The ex-dividend date was Friday, January 26th. This represents a $1.72 dividend on an annualized basis and a yield of 12.35%. Government Properties Income Trust’s dividend payout ratio is currently 905.31%.

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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.

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

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