Ameriprise Financial Inc. boosted its position in Government Properties Income Trust (NASDAQ:GOV) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 521,181 shares of the real estate investment trust’s stock after acquiring an additional 4,841 shares during the period. Ameriprise Financial Inc. owned about 0.53% of Government Properties Income Trust worth $9,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of Government Properties Income Trust by 70.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,826 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 3,226 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Government Properties Income Trust during the 2nd quarter valued at $145,000. Flinton Capital Management LLC grew its stake in shares of Government Properties Income Trust by 70.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 3,264 shares during the period. Archford Capital Strategies LLC grew its stake in shares of Government Properties Income Trust by 294.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 8,045 shares of the real estate investment trust’s stock valued at $927,000 after buying an additional 6,008 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Government Properties Income Trust by 43.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,200 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 2,800 shares during the period. 58.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Government Properties Income Trust (NASDAQ:GOV) opened at $18.18 on Friday. The company has a current ratio of 9.44, a quick ratio of 9.44 and a debt-to-equity ratio of 1.52. Government Properties Income Trust has a 12-month low of $17.36 and a 12-month high of $22.99. The firm has a market cap of $1,799.50, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.74 and a beta of 1.05.

Government Properties Income Trust (NASDAQ:GOV) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The business had revenue of $70.18 million for the quarter, compared to analysts’ expectations of $69.80 million. During the same period last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts anticipate that Government Properties Income Trust will post 2.09 earnings per share for the current year.

Several analysts have recently issued reports on GOV shares. Zacks Investment Research raised shares of Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. B. Riley reissued a “buy” rating on shares of Government Properties Income Trust in a research note on Wednesday, November 1st. BidaskClub raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley reissued an “underweight” rating and set a $18.00 price objective (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Finally, Jefferies Group reissued a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

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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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