Trade Report: The Mason Street Advisors LLC Invests $321,000 in Government Properties Income Trust (GOV)

The Mason Street Advisors LLC Invests $321,000 in Government Properties Income Trust (GOV)

Mason Street Advisors LLC bought a new position in shares of Government Properties Income Trust (NYSE:GOV) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 13,904 shares of the real estate investment trust’s stock, valued at approximately $321,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sii Investments Inc. WI acquired a new position in Government Properties Income Trust during the second quarter worth about $201,000. PineBridge Investments L.P. boosted its position in Government Properties Income Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 9,020 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 330 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Government Properties Income Trust during the second quarter worth about $211,000. Teacher Retirement System of Texas boosted its position in Government Properties Income Trust by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,909 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 1,205 shares during the last quarter. Finally, BOKF NA acquired a new position in Government Properties Income Trust during the second quarter worth about $240,000.

Government Properties Income Trust (NYSE:GOV) opened at 20.26 on Friday. Government Properties Income Trust has a 52-week low of $12.33 and a 52-week high of $24.61. The stock’s 50 day moving average price is $22.94 and its 200 day moving average price is $21.24.

Government Properties Income Trust (NYSE:GOV) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company earned $64.06 million during the quarter, compared to analyst estimates of $63.74 million. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts predict that Government Properties Income Trust will post $2.38 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. FBR & Co began coverage on Government Properties Income Trust in a research report on Thursday, June 16th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Jefferies Group cut Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 price objective for the company. in a research report on Tuesday, July 19th.

About Government Properties Income Trust

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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