Government Properties Income Trust (GOV) Position Increased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in Government Properties Income Trust (NYSE:GOV) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,438 shares of the real estate investment trust’s stock after acquiring an additional 15,500 shares during the period. New York State Teachers Retirement System owned 0.08% of Government Properties Income Trust worth $1,435,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GOV. BlackRock Inc. lifted its position in Government Properties Income Trust by 9,060.9% during the first quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock valued at $154,305,000 after buying an additional 7,292,039 shares during the period. Vanguard Group Inc. lifted its position in Government Properties Income Trust by 20.7% during the second quarter. Vanguard Group Inc. now owns 17,425,025 shares of the real estate investment trust’s stock valued at $319,052,000 after buying an additional 2,989,467 shares during the period. Marshall Wace North America L.P. purchased a new position in Government Properties Income Trust during the second quarter valued at $21,219,000. Forward Management LLC purchased a new position in Government Properties Income Trust during the second quarter valued at $19,226,000. Finally, Koch Industries Inc. purchased a new position in Government Properties Income Trust during the second quarter valued at $630,000.

Several equities analysts have commented on GOV shares. Zacks Investment Research raised Government Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley reissued an “underweight” rating and set a $18.00 price objective (down previously from $18.50) on shares of Government Properties Income Trust in a research report on Friday, September 1st. Jefferies Group LLC reissued a “sell” rating and set a $14.00 price objective on shares of Government Properties Income Trust in a research report on Tuesday, October 24th. FBR & Co reissued a “buy” rating on shares of Government Properties Income Trust in a research report on Tuesday, October 31st. Finally, DA Davidson began coverage on Government Properties Income Trust in a research report on Friday, September 29th. They issued a “neutral” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.75.

Government Properties Income Trust (GOV) opened at $18.79 on Tuesday. Government Properties Income Trust has a 52-week low of $17.36 and a 52-week high of $22.99.

Government Properties Income Trust (NYSE:GOV) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $70.18 million during the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. Government Properties Income Trust’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date is Friday, October 20th.

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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.

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

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