Citigroup Inc. Acquires 132,102 Shares of Government Properties Income Trust (GOV)

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Citigroup Inc. grew its holdings in Government Properties Income Trust (NASDAQ:GOV) by 111.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,250 shares of the real estate investment trust’s stock after purchasing an additional 132,102 shares during the quarter. Citigroup Inc. owned approximately 0.25% of Government Properties Income Trust worth $1,719,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GOV. Braun Bostich & Associates Inc. increased its stake in Government Properties Income Trust by 22.0% during the 4th quarter. Braun Bostich & Associates Inc. now owns 3,709 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 668 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Government Properties Income Trust in the 4th quarter valued at $38,000. PNC Financial Services Group Inc. boosted its holdings in shares of Government Properties Income Trust by 14.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,948 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 985 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Government Properties Income Trust by 145.1% in the 3rd quarter. Federated Investors Inc. PA now owns 5,227 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Utah Retirement Systems purchased a new stake in shares of Government Properties Income Trust in the 4th quarter valued at $80,000. Institutional investors and hedge funds own 63.45% of the company’s stock.

Several research firms have recently commented on GOV. Royal Bank of Canada reaffirmed a “sell” rating and issued a $8.00 price objective on shares of Government Properties Income Trust in a report on Tuesday, November 20th. BidaskClub downgraded shares of Government Properties Income Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. DA Davidson upped their price objective on shares of Government Properties Income Trust from $3.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, December 21st. Finally, FBR & Co set a $23.00 price objective on shares of Government Properties Income Trust and gave the company a “buy” rating in a report on Thursday, December 20th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Government Properties Income Trust currently has a consensus rating of “Hold” and a consensus price target of $12.83.

Shares of NASDAQ GOV opened at $28.49 on Thursday. Government Properties Income Trust has a 1 year low of $6.54 and a 1 year high of $18.70. The firm has a market cap of $2.76 billion, a P/E ratio of 14.10, a PEG ratio of 0.95 and a beta of 1.50. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.73.

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About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.

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

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