Huber Capital Management Lowers stake in Government Properties Income Trust (GOV)

Government Properties Income Trust (GOV) : Huber Capital Management reduced its stake in Government Properties Income Trust by 13.35% during the most recent quarter end. The investment management company now holds a total of 2,857,204 shares of Government Properties Income Trust which is valued at $68,487,180 after selling 440,164 shares in Government Properties Income Trust , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Government Properties Income Trust makes up approximately 2.65% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Salem Investment Counselors Inc reduced its stake in GOV by selling 3,300 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 87,200 shares of GOV which is valued at $2,090,184. Government Properties Income Trust makes up approx 0.25% of Salem Investment Counselors Inc’s portfolio.Indexiq Advisors reduced its stake in GOV by selling 6,082 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 56,446 shares of GOV which is valued at $1,353,011. Government Properties Income Trust makes up approx 0.08% of Indexiq Advisors’s portfolio.Shinko Asset Management Ltd. reduced its stake in GOV by selling 1,200 shares or 17.65% in the most recent quarter. The Hedge Fund company now holds 5,600 shares of GOV which is valued at $129,360.State Of Alaska Department Of Revenue reduced its stake in GOV by selling 6,650 shares or 17.03% in the most recent quarter. The Hedge Fund company now holds 32,410 shares of GOV which is valued at $744,458. Government Properties Income Trust makes up approx 0.08% of State Of Alaska Department Of Revenue’s portfolio. James Investment Research Inc added GOV to its portfolio by purchasing 400,519 company shares during the most recent quarter which is valued at $9,690,557. Government Properties Income Trust makes up approx 0.24% of James Investment Research Inc’s portfolio.

Government Properties Income Trust opened for trading at $23.25 and hit $23.64 on the upside on Monday, eventually ending the session at $23.45, with a gain of 0.26% or 0.06 points. The heightened volatility saw the trading volume jump to 5,08,911 shares. Company has a market cap of $1,668 M.

On the company’s financial health, Government Properties Income Trust reported $0.61 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $64.06 million for the quarter, compared to analysts expectations of $63.74 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Government Properties Income Trust. Government Properties Income Trust was Downgraded by Jefferies to ” Underperform” on Jul 19, 2016. FBR Capital Initiated Government Properties Income Trust on Jun 16, 2016 to “Outperform”, Price Target of the shares are set at $25.

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business 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 Florida Kentucky Massachusetts New Jersey New York Texas Washington and Wyoming. The Company’s properties (64 buildings) with approximately 7.7 million rentable square feet are primarily leased to the United States Government 18 of those properties (24 buildings) with approximately 2.6 million rentable square feet primarily leased to 12 state governments one of those properties (one building) with 187060 Rentable square feet is leased to the United Nations an international intergovernmental organization and three of those properties (three buildings) with 507788 rentable square feet primarily leased to non-government tenants.

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