Government Properties Income Trust (NYSE:GOV) saw strong trading volume on Friday . 851,479 shares traded hands during trading, a decline of 12% from the previous session’s volume of 962,231 shares.The stock last traded at $23.21 and had previously closed at $22.97.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, June 21st. FBR & Co assumed coverage on shares of Government Properties Income Trust in a report on Thursday, June 16th. They set an “outperform” rating and a $25.00 target price for the company.

The company has a 50 day moving average of $20.77 and a 200 day moving average of $17.38. The company’s market capitalization is $1.66 billion.

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

Other hedge funds have bought and sold shares of the company. Comerica Bank increased its stake in Government Properties Income Trust by 0.5% in the fourth quarter. Comerica Bank now owns 71,839 shares of the real estate investment trust’s stock worth $1,051,000 after buying an additional 360 shares during the period. Rhumbline Advisers increased its position 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 last quarter. California State Teachers Retirement System increased its position in shares of Government Properties Income Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 130,373 shares of the real estate investment trust’s stock valued at $2,069,000 after buying an additional 2,062 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Government Properties Income Trust during the fourth quarter valued at approximately $2,185,000. Finally, California Public Employees Retirement System increased its position 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 last quarter.

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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