Hsbc Holdings PLC Acquires New Holdings in Government Properties Income Trust (GOV)

Hsbc Holdings PLC acquired a new position in shares of Government Properties Income Trust (NASDAQ:GOV) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,843 shares of the real estate investment trust’s stock, valued at approximately $148,000.

Several other large investors have also recently made changes to their positions in GOV. Renaissance Technologies LLC raised its holdings in shares of Government Properties Income Trust by 1,207.0% during the fourth quarter. Renaissance Technologies LLC now owns 541,100 shares of the real estate investment trust’s stock worth $10,032,000 after acquiring an additional 499,700 shares in the last quarter. BlackRock Inc. raised its holdings in Government Properties Income Trust by 3.1% during the first quarter. BlackRock Inc. now owns 9,642,036 shares of the real estate investment trust’s stock valued at $131,713,000 after buying an additional 285,479 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Government Properties Income Trust during the fourth quarter valued at about $3,569,000. Deutsche Bank AG raised its holdings in Government Properties Income Trust by 79.2% during the fourth quarter. Deutsche Bank AG now owns 304,951 shares of the real estate investment trust’s stock valued at $5,652,000 after buying an additional 134,818 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in Government Properties Income Trust by 26.9% during the first quarter. Global X Management Co. LLC now owns 615,818 shares of the real estate investment trust’s stock valued at $8,412,000 after buying an additional 130,682 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

A number of equities analysts have recently commented on GOV shares. BidaskClub upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine lowered Government Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd. Royal Bank of Canada reiterated a “sell” rating and issued a $14.00 price objective on shares of Government Properties Income Trust in a research note on Tuesday, February 27th. Finally, B. Riley set a $21.00 price objective on Government Properties Income Trust and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Government Properties Income Trust has a consensus rating of “Hold” and an average target price of $17.17.



Government Properties Income Trust stock opened at $15.03 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $1.46 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. Government Properties Income Trust has a 52 week low of $11.87 and a 52 week high of $22.73.

Government Properties Income Trust (NASDAQ:GOV) last posted its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Government Properties Income Trust had a return on equity of 0.87% and a net margin of 3.16%. The business had revenue of $108.70 million for the quarter, compared to analyst estimates of $106.11 million. During the same period in the previous year, the company posted $0.56 earnings per share. The firm’s revenue for the quarter was up 56.9% on a year-over-year basis. analysts anticipate that Government Properties Income Trust will post 2 EPS for the current year.

Government Properties Income Trust Profile

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.

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

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