First Republic Investment Management Inc. Buys Shares of 21,051 Government Properties Income Trust (GOV)

First Republic Investment Management Inc. bought a new stake in shares of Government Properties Income Trust (NASDAQ:GOV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,051 shares of the real estate investment trust’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in shares of Government Properties Income Trust by 24.7% during the 2nd quarter. Raymond James & Associates now owns 116,530 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 23,089 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Government Properties Income Trust by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,948 shares of the real estate investment trust’s stock valued at $23,330,000 after acquiring an additional 27,116 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Government Properties Income Trust by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 493,821 shares of the real estate investment trust’s stock valued at $7,809,000 after acquiring an additional 11,591 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Government Properties Income Trust during the 2nd quarter valued at approximately $1,768,000. Finally, BlackRock Inc. boosted its position in shares of Government Properties Income Trust by 22.1% during the 2nd quarter. BlackRock Inc. now owns 11,774,528 shares of the real estate investment trust’s stock valued at $186,627,000 after acquiring an additional 2,132,492 shares during the last quarter. Hedge funds and other institutional investors own 58.17% of the company’s stock.

A number of analysts recently issued reports on the company. BidaskClub downgraded Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine upgraded Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada set a $14.00 price target on Government Properties Income Trust and gave the stock a “sell” rating in a research report on Wednesday, August 8th. Bank of America raised their price target on Government Properties Income Trust from $12.50 to $14.00 and gave the stock an “underperform” rating in a research report on Monday, August 13th. Finally, TheStreet upgraded Government Properties Income Trust from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Government Properties Income Trust has a consensus rating of “Hold” and an average target price of $14.00.

Shares of GOV opened at $11.09 on Thursday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 5.49, a P/E/G ratio of 1.13 and a beta of 1.20. Government Properties Income Trust has a 52-week low of $10.97 and a 52-week high of $19.60. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.67.

Government Properties Income Trust (NASDAQ:GOV) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $108.10 million during the quarter, compared to the consensus estimate of $105.95 million. Government Properties Income Trust had a return on equity of 2.16% and a net margin of 7.42%. Government Properties Income Trust’s revenue was up 54.6% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. sell-side analysts anticipate that Government Properties Income Trust will post 2.02 earnings per share for the current fiscal year.

About Government Properties Income Trust

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants. GOV is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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

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