TIAA CREF Investment Management LLC decreased its position in shares of Government Properties Income Trust (NYSE:GOV) by 4.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 194,697 shares of the real estate investment trust’s stock after selling 10,132 shares during the period. TIAA CREF Investment Management LLC owned 0.27% of Government Properties Income Trust worth $4,075,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Government Properties Income Trust by 23.9% in the first quarter. State of Alaska Department of Revenue now owns 47,590 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 9,190 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Government Properties Income Trust by 36.6% in the first quarter. Nisa Investment Advisors LLC now owns 53,000 shares of the real estate investment trust’s stock worth $1,109,000 after buying an additional 14,200 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of Government Properties Income Trust by 15.8% in the first quarter. Capital Investment Advisors LLC now owns 105,581 shares of the real estate investment trust’s stock worth $2,210,000 after buying an additional 14,424 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Government Properties Income Trust by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,000 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 400 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its position in shares of Government Properties Income Trust by 41.5% in the first quarter. Winslow Evans & Crocker Inc. now owns 6,136 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 1,800 shares during the last quarter.
Shares of Government Properties Income Trust (GOV) traded down 0.60% on Friday, hitting $18.19. 959,772 shares of the stock traded hands. Government Properties Income Trust has a 52-week low of $17.93 and a 52-week high of $18.21.
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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million for the quarter, compared to the consensus estimate of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Analysts forecast that Government Properties Income Trust will post $0.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, July 24th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.46%. The ex-dividend date is Thursday, July 20th. Government Properties Income Trust’s dividend payout ratio is currently -76.11%.
A number of research analysts have commented on the stock. Morgan Stanley reiterated an “underweight” rating and set a $18.50 price target (up from $17.00) on shares of Government Properties Income Trust in a research report on Tuesday, June 13th. Jefferies Group LLC restated a “sell” rating and issued a $15.00 target price on shares of Government Properties Income Trust in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, April 26th. Finally, FBR & Co restated an “outperform” rating and issued a $23.00 target price (down previously from $25.00) on shares of Government Properties Income Trust in a report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus price target of $18.90.
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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