Salem Investment Counselors Inc. continued to hold its stake in shares of Government Properties Income Trust (NYSE:GOV) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 83,275 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Salem Investment Counselors Inc.’s holdings in Government Properties Income Trust were worth $1,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Government Properties Income Trust by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 1,284,832 shares of the real estate investment trust’s stock worth $26,891,000 after purchasing an additional 76,409 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Government Properties Income Trust by 17.5% during the first quarter. Suntrust Banks Inc. now owns 13,528 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 2,014 shares in the last quarter. Comerica Bank increased its position in shares of Government Properties Income Trust by 4.0% during the first quarter. Comerica Bank now owns 78,605 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 3,041 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Government Properties Income Trust by 30.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 154,729 shares of the real estate investment trust’s stock valued at $3,238,000 after purchasing an additional 36,207 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Government Properties Income Trust during the 1st quarter valued at $775,000.

WARNING: “Salem Investment Counselors Inc. Maintains Position in Government Properties Income Trust (GOV)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/salem-investment-counselors-inc-maintains-position-in-government-properties-income-trust-gov/1603314.html.

GOV has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on Government Properties Income Trust in a research report on Friday. They issued a “neutral” rating and a $20.00 price objective for the company. Zacks Investment Research downgraded Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reaffirmed a “sell” rating and set a $14.00 target price on shares of Government Properties Income Trust in a research report on Thursday, September 21st. Morgan Stanley reaffirmed an “underweight” rating and set a $18.50 target price (up from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating and issued a $23.00 price target (down 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, two have given a hold rating and one has issued a buy rating to the company’s stock. Government Properties Income Trust presently has an average rating of “Hold” and an average price target of $19.00.

Government Properties Income Trust (GOV) traded up 0.59% during mid-day trading on Monday, reaching $18.88. 137,907 shares of the company’s stock traded hands. Government Properties Income Trust has a 52 week low of $18.71 and a 52 week high of $18.90.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million during the quarter, compared to the consensus estimate of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities analysts anticipate that Government Properties Income Trust will post $0.45 earnings per share for the current year.

Government Properties Income Trust 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.

Want to see what other hedge funds are holding GOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Government Properties Income Trust (NYSE:GOV).

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

Receive News & Ratings for Government Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Government Properties Income Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.