BlueCrest Capital Management Ltd Takes $1.31 Million Position in Government Properties Income Trust (GOV)

BlueCrest Capital Management Ltd bought a new stake in shares of Government Properties Income Trust (NYSE:GOV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,644 shares of the real estate investment trust’s stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LSV Asset Management grew its stake in Government Properties Income Trust by 27.7% during the second quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock valued at $29,017,000 after acquiring an additional 344,000 shares in the last quarter. US Bancorp DE grew its stake in Government Properties Income Trust by 2,966.7% during the second quarter. US Bancorp DE now owns 17,971 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 17,385 shares in the last quarter. Legal & General Group Plc grew its stake in Government Properties Income Trust by 18.1% during the second quarter. Legal & General Group Plc now owns 335,333 shares of the real estate investment trust’s stock valued at $6,140,000 after acquiring an additional 51,348 shares in the last quarter. Caxton Associates LP purchased a new position in Government Properties Income Trust during the first quarter valued at $379,000. Finally, Laurion Capital Management LP purchased a new position in Government Properties Income Trust during the second quarter valued at $9,301,000.

GOV has been the subject of several research 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 research note on Tuesday, June 20th. Zacks Investment Research cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. FBR & Co reaffirmed an “outperform” rating and set a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Morgan Stanley reaffirmed an “underweight” rating and set a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Finally, DA Davidson initiated coverage on shares of Government Properties Income Trust in a research note on Friday, September 29th. They set a “neutral” rating and a $20.00 target price for the company. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.40.

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Government Properties Income Trust (NYSE:GOV) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. Government Properties Income Trust had a net margin of 4.64% and a return on equity of 5.16%. The business had revenue of $69.89 million during the quarter, compared to analyst estimates of $69.08 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year.

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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