Wells Fargo & Company MN increased its position in shares of Government Properties Income Trust (NYSE:GOV) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,154 shares of the real estate investment trust’s stock after acquiring an additional 40,795 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Government Properties Income Trust worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management increased its holdings in Government Properties Income Trust by 27.7% during the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after acquiring an additional 344,000 shares during the period. US Bancorp DE increased its holdings in Government Properties Income Trust by 2,966.7% during the 2nd quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 17,385 shares during the period. Legal & General Group Plc increased its holdings in Government Properties Income Trust by 18.1% during the 2nd quarter. Legal & General Group Plc now owns 335,333 shares of the real estate investment trust’s stock worth $6,140,000 after acquiring an additional 51,348 shares during the period. Caxton Associates LP bought a new stake in Government Properties Income Trust during the 1st quarter worth approximately $379,000. Finally, Bank of Montreal Can increased its holdings in Government Properties Income Trust by 43.2% during the 2nd quarter. Bank of Montreal Can now owns 21,219 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 6,400 shares during the period.

Government Properties Income Trust (NYSE:GOV) opened at 19.49 on Tuesday. Government Properties Income Trust has a one year low of $19.33 and a one year high of $19.53.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 8.83%. The ex-dividend date is Friday, October 20th. Government Properties Income Trust’s dividend payout ratio is presently -76.11%.

GOV has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “sell” rating and set a $15.00 target price on shares of Government Properties Income Trust in a report on Tuesday, June 20th. Zacks Investment Research lowered shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. FBR & Co reaffirmed an “outperform” rating and set a $23.00 target price (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Morgan Stanley reaffirmed an “underweight” rating and set a $18.00 target price (down previously from $18.50) on shares of Government Properties Income Trust in a report on Friday, September 1st. Finally, DA Davidson initiated coverage on shares of Government Properties Income Trust in a report on Friday, September 29th. They set a “neutral” rating and a $20.00 target price on the stock. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Government Properties Income Trust has an average rating of “Hold” and an average target price of $18.40.

WARNING: This story was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/wells-fargo-company-mn-has-3-72-million-position-in-government-properties-income-trust-gov/1635797.html.

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 (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.