Laurion Capital Management LP Buys New Holdings in Government Properties Income Trust (GOV)

Laurion Capital Management LP bought a new position in Government Properties Income Trust (NYSE:GOV) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 507,973 shares of the real estate investment trust’s stock, valued at approximately $9,301,000. Laurion Capital Management LP owned approximately 0.53% of Government Properties Income Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Government Properties Income Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 14,435,558 shares of the real estate investment trust’s stock worth $302,136,000 after purchasing an additional 290,454 shares in the last quarter. BlackRock Inc. increased its holdings in Government Properties Income Trust by 9,060.9% in the 1st quarter. BlackRock Inc. now owns 7,372,517 shares of the real estate investment trust’s stock worth $154,305,000 after purchasing an additional 7,292,039 shares in the last quarter. State Street Corp increased its holdings in Government Properties Income Trust by 6.4% in the 1st quarter. State Street Corp now owns 1,858,175 shares of the real estate investment trust’s stock worth $38,885,000 after purchasing an additional 112,435 shares in the last quarter. LSV Asset Management increased its holdings in Government Properties Income Trust by 27.7% in the 2nd quarter. LSV Asset Management now owns 1,584,780 shares of the real estate investment trust’s stock worth $29,017,000 after purchasing an additional 344,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Government Properties Income Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,450,063 shares of the real estate investment trust’s stock worth $26,551,000 after purchasing an additional 165,231 shares in the last quarter.

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Shares of Government Properties Income Trust (NYSE:GOV) traded up 0.81% during midday trading on Friday, hitting $18.76. The stock had a trading volume of 1,332,883 shares. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 31.69 and a beta of 1.04. Government Properties Income Trust has a 1-year low of $17.36 and a 1-year high of $23.90. The firm’s 50-day moving average price is $18.29 and its 200-day moving average price is $20.12.

Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, topping 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Analysts forecast that Government Properties Income Trust will post $0.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, July 24th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.72 annualized dividend and a dividend yield of 9.17%. Government Properties Income Trust’s dividend payout ratio is currently -76.11%.

A number of brokerages have issued reports on GOV. Morgan Stanley reaffirmed an “underweight” rating and issued a $18.50 target price (up previously from $17.00) on shares of Government Properties Income Trust in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed 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 cut Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, FBR & Co reaffirmed 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. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.80.

Government Properties Income Trust Company Profile

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

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