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

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. FBR & Co assumed 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 objective for the company.

The company’s 50-day moving average is $20.77 and its 200 day moving average is $17.38. The stock’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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. During the same quarter in the previous year, the company earned $0.58 EPS. The firm earned $63.61 million during the quarter, compared to the consensus estimate of $62.64 million. The business’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Government Properties Income Trust will post $2.40 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Comerica Bank raised 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 valued at $1,051,000 after buying an additional 360 shares during the last quarter. Rhumbline Advisers raised its position in 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 raised its position in 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 bought a new position in Government Properties Income Trust during the fourth quarter valued at $2,185,000. Finally, California Public Employees Retirement System raised its position in 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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