Government Properties Income Trust (GOV) Holdings Lifted by American International Group Inc.

American International Group Inc. raised its stake in Government Properties Income Trust (NASDAQ:GOV) by 34.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,093 shares of the real estate investment trust’s stock after buying an additional 19,318 shares during the quarter. American International Group Inc. owned about 0.08% of Government Properties Income Trust worth $1,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Texas Permanent School Fund lifted its position in Government Properties Income Trust by 0.8% in the second quarter. Texas Permanent School Fund now owns 51,939 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Government Properties Income Trust by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 55,002 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 692 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Government Properties Income Trust by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 800 shares during the last quarter. Nationwide Fund Advisors lifted its position in Government Properties Income Trust by 2.9% in the second quarter. Nationwide Fund Advisors now owns 46,009 shares of the real estate investment trust’s stock valued at $842,000 after buying an additional 1,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Government Properties Income Trust by 5.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 30,359 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 1,499 shares during the last quarter. 58.31% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on GOV. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reiterated an “underweight” rating and set a $18.00 price target (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. Jefferies Group reiterated a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a research note on Thursday, September 21st. DA Davidson began 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 price target on the stock. Finally, BidaskClub upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.75.

Shares of Government Properties Income Trust (GOV) opened at $18.65 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 9.44 and a current ratio of 9.44. The stock has a market cap of $1,834.20, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. Government Properties Income Trust has a one year low of $17.36 and a one year high of $22.99.

Government Properties Income Trust (NASDAQ:GOV) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $70.18 million for the quarter, compared to analysts’ expectations of $69.80 million. Government Properties Income Trust had a return on equity of 4.27% and a net margin of 15.30%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. sell-side analysts anticipate that Government Properties Income Trust will post 2.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were paid a $0.43 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.72 annualized dividend and a yield of 9.22%. Government Properties Income Trust’s dividend payout ratio is currently 318.52%.

WARNING: “Government Properties Income Trust (GOV) Holdings Lifted by American International Group Inc.” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://sportsperspectives.com/2017/12/15/government-properties-income-trust-gov-holdings-lifted-by-american-international-group-inc.html.

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 (NASDAQ:GOV).

Institutional Ownership by Quarter for Government Properties Income Trust (NASDAQ: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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply