California Public Employees Retirement System Buys 1,000 Shares of Government Properties Income Trust (NYSE:GOV)

California Public Employees Retirement System increased its position in Government Properties Income Trust (NYSE:GOV) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,679 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. California Public Employees Retirement System owned approximately 0.25% of Government Properties Income Trust worth $3,719,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Government Properties Income Trust during the fourth quarter worth about $629,000. Comerica Bank increased its position in shares of Government Properties Income Trust by 5.7% in the fourth quarter. Comerica Bank now owns 75,564 shares of the real estate investment trust’s stock worth $1,506,000 after buying an additional 4,077 shares during the last quarter. State Street Corp increased its position in shares of Government Properties Income Trust by 4.6% in the fourth quarter. State Street Corp now owns 1,745,740 shares of the real estate investment trust’s stock worth $33,283,000 after buying an additional 76,282 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Government Properties Income Trust by 20.6% in the fourth quarter. New York State Teachers Retirement System now owns 63,729 shares of the real estate investment trust’s stock worth $1,215,000 after buying an additional 10,900 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Government Properties Income Trust by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 52,839 shares of the real estate investment trust’s stock worth $1,007,000 after buying an additional 152 shares during the last quarter.

Government Properties Income Trust (NYSE GOV) opened at 18.26 on Tuesday. Government Properties Income Trust has a 1-year low of $18.08 and a 1-year high of $18.29.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $69.30 million during the quarter, compared to analyst estimates of $67.44 million. Government Properties Income Trust had a net margin of 6.96% and a return on equity of 3.25%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Analysts forecast that Government Properties Income Trust will post $0.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.72 dividend on an annualized basis and a yield of 9.42%. Government Properties Income Trust’s payout ratio is -76.11%.

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A number of research analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “sell” rating and set a $14.00 price target on shares of Government Properties Income Trust in a report on Friday. FBR & Co reaffirmed an “outperform” rating and set a $23.00 price target (down from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Zacks Investment Research downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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.

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

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