Strs Ohio lowered its stake in Government Properties Income Trust (NYSE:GOV) by 14.2% during the second quarter, Holdings Channel reports. The institutional investor owned 110,292 shares of the real estate investment trust’s stock after selling 18,211 shares during the period. Strs Ohio’s holdings in Government Properties Income Trust were worth $2,019,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp increased its stake in Government Properties Income Trust by 69.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 91,194 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 37,226 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in Government Properties Income Trust by 0.9% in the first quarter. Benedict Financial Advisors Inc. now owns 16,047 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 139 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Government Properties Income Trust by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 42,265 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 1,955 shares in the last quarter. Northern Capital Management LLC increased its stake in Government Properties Income Trust by 6.0% in the first quarter. Northern Capital Management LLC now owns 86,635 shares of the real estate investment trust’s stock valued at $1,813,000 after buying an additional 4,900 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Government Properties Income Trust by 23.9% in the first quarter. State of Alaska Department of Revenue now owns 47,590 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 9,190 shares in the last quarter.

Shares of Government Properties Income Trust (GOV) opened at 18.14 on Friday. The stock has a 50 day moving average price of $18.55 and a 200-day moving average price of $20.38. The company has a market capitalization of $1.74 billion, a P/E ratio of 30.64 and a beta of 1.04. Government Properties Income Trust has a one year low of $17.36 and a one year high of $24.61.

Government Properties Income Trust (NYSE:GOV) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The firm had revenue of $69.89 million during the quarter, compared to the consensus estimate of $69.08 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Government Properties Income Trust will post $0.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 24th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.72 annualized dividend and a yield of 9.48%. Government Properties Income Trust’s payout ratio is -76.11%.

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Several research firms have issued reports on GOV. Morgan Stanley restated an “underweight” rating and set a $18.50 price objective (up from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Jefferies Group LLC restated a “sell” rating and set a $15.00 price objective on shares of Government Properties Income Trust in a report on Tuesday, June 20th. Zacks Investment Research upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 26th. Finally, FBR & Co restated an “outperform” rating and set a $23.00 price objective (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned 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 a consensus target price of $18.90.

Government Properties Income Trust Company 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.

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

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