Government Properties Income Trust (GOV) Shares Bought by Ameriprise Financial Inc.

Government Properties Income Trust (GOV) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its stake in shares of Government Properties Income Trust (NYSE:GOV) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,103 shares of the real estate investment trust’s stock after buying an additional 14,148 shares during the period. Ameriprise Financial Inc.’s holdings in Government Properties Income Trust were worth $8,190,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its position in shares of Government Properties Income Trust by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,790 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 260 shares during the last quarter. Rhumbline Advisers increased its position in Government Properties Income Trust by 6.3% in the third quarter. Rhumbline Advisers now owns 113,334 shares of the real estate investment trust’s stock valued at $2,564,000 after buying an additional 6,670 shares during the period. New York State Common Retirement Fund increased its position in Government Properties Income Trust by 6.1% in the third quarter. New York State Common Retirement Fund now owns 73,600 shares of the real estate investment trust’s stock valued at $1,665,000 after buying an additional 4,200 shares during the period. LSV Asset Management increased its position in Government Properties Income Trust by 22.2% in the third quarter. LSV Asset Management now owns 713,480 shares of the real estate investment trust’s stock valued at $16,138,000 after buying an additional 129,700 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Government Properties Income Trust during the third quarter valued at approximately $1,694,000.

Shares of Government Properties Income Trust (NYSE:GOV) traded down 1.66% during midday trading on Friday, reaching $19.55. 168,839 shares of the company’s stock were exchanged. The company has a market cap of $1.39 billion, a P/E ratio of 32.00 and a beta of 1.04. The firm has a 50 day moving average price of $19.42 and a 200 day moving average price of $21.16. Government Properties Income Trust has a 12 month low of $13.03 and a 12 month high of $24.61.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Monday, January 23rd will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Thursday, January 19th. Government Properties Income Trust’s payout ratio is -76.11%.

GOV has been the topic of several research reports. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. RBC Capital Markets restated an “underperform” rating and issued a $17.00 price target (down from $19.00) on shares of Government Properties Income Trust in a research note on Monday, October 31st. FBR & Co set a $25.00 price target on shares of Government Properties Income Trust and gave the company a “buy” rating in a research note on Friday, October 28th. Finally, Royal Bank Of Canada decreased their price target on shares of Government Properties Income Trust from $19.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, October 31st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Government Properties Income Trust has an average rating of “Hold” and a consensus target price of $19.80.

Government Properties Income Trust Company Profile

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in 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 Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Minnesota, Massachusetts, Missouri, New Jersey, New York, New Mexico, Oregon, South Carolina, Texas, Vermont, Washington West Virginia and Wyoming, among others.

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