HighTower Advisors LLC Trims Stake in Government Properties Income Trust (GOV)

HighTower Advisors LLC lessened its holdings in shares of Government Properties Income Trust (NYSE:GOV) by 0.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,340 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. HighTower Advisors LLC’s holdings in Government Properties Income Trust were worth $1,344,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GOV. UBS Asset Management Americas Inc. lifted its position in shares of Government Properties Income Trust by 30.5% during the first quarter. UBS Asset Management Americas Inc. now owns 154,729 shares of the real estate investment trust’s stock worth $3,238,000 after purchasing an additional 36,207 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Government Properties Income Trust during the first quarter worth approximately $775,000. Ameriprise Financial Inc. increased its stake in shares of Government Properties Income Trust by 26.4% during the first quarter. Ameriprise Financial Inc. now owns 460,784 shares of the real estate investment trust’s stock worth $9,644,000 after buying an additional 96,306 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Government Properties Income Trust by 3.3% during the first quarter. Parametric Portfolio Associates LLC now owns 195,063 shares of the real estate investment trust’s stock worth $4,083,000 after buying an additional 6,143 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Government Properties Income Trust during the first quarter worth approximately $127,000.

GOV has been the topic of a number of recent research reports. 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. Jefferies Group LLC restated a “sell” rating and set a $15.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, June 20th. Morgan Stanley restated an “underweight” rating and set a $18.00 target price (down from $18.50) on shares of Government Properties Income Trust in a research note on Friday, September 1st. FBR & Co restated an “outperform” rating and set a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Finally, DA Davidson initiated 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 target price on the stock. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.40.

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Shares of Government Properties Income Trust (NYSE GOV) opened at 19.08 on Wednesday. Government Properties Income Trust has a one year low of $17.36 and a one year high of $22.99. The company’s 50 day moving average price is $18.56 and its 200 day moving average price is $19.97. The firm has a market capitalization of $1.84 billion, a P/E ratio of 32.23 and a beta of 1.04.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The firm had revenue of $69.89 million during 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 firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. On average, analysts expect that Government Properties Income Trust will post $0.45 EPS for the current fiscal year.

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.

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

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