Shares of Government Properties Income Trust (NYSE:GOV) traded down 1.9% during mid-day trading on Thursday . The stock traded as low as $22.90 and last traded at $22.93, with a volume of 378,586 shares trading hands. The stock had previously closed at $23.37.

Several research firms have recently weighed in on GOV. Zacks Investment Research raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday, May 3rd. FBR & Co began coverage on shares of Government Properties Income Trust in a research note on Thursday, June 16th. They issued an “outperform” rating and a $25.00 price target for the company.

The firm’s 50 day moving average is $20.57 and its 200-day moving average is $17.28. The stock’s market capitalization is $1.63 billion.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company earned $63.61 million during the quarter, compared to analyst estimates of $62.64 million. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Equities analysts forecast that Government Properties Income Trust will post $2.40 earnings per share for the current year.

Several hedge funds recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of Government Properties Income Trust by 38.7% in the fourth quarter. Morgan Stanley now owns 1,192,062 shares of the real estate investment trust’s stock valued at $18,918,000 after buying an additional 332,865 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Government Properties Income Trust during the fourth quarter valued at approximately $2,185,000. Principal Financial Group Inc. boosted its stake in shares of Government Properties Income Trust by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 468,149 shares of the real estate investment trust’s stock valued at $7,430,000 after buying an additional 20,866 shares during the period. California Public Employees Retirement System boosted its stake in shares of Government Properties Income Trust by 5.0% in the fourth quarter. California Public Employees Retirement System now owns 201,179 shares of the real estate investment trust’s stock valued at $3,193,000 after buying an additional 9,600 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Government Properties Income Trust by 6.4% in the fourth quarter. Rhumbline Advisers now owns 109,383 shares of the real estate investment trust’s stock valued at $1,736,000 after buying an additional 6,565 shares during the period.

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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