Government Properties Income Trust (NYSE:GOV)’s share price hit a new 52-week high on Monday . The company traded as high as $23.56 and last traded at $23.49, with a volume of 290,050 shares changing hands. The stock had previously closed at $23.32.

A number of equities analysts recently weighed in on GOV shares. FBR & Co started coverage on Government Properties Income Trust in a report on Thursday, June 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Zacks Investment Research cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th.

The stock has a 50-day moving average of $21.04 and a 200-day moving average of $17.50. The company’s market cap is $1.69 billion.

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

A number of hedge funds recently added to or reduced their stakes in the stock. 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 in the last quarter. Rhumbline Advisers raised its stake 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 in the last quarter. California State Teachers Retirement System raised its stake 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 in the last quarter. California Public Employees Retirement System raised its stake 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 in the last quarter. Finally, Principal Financial Group Inc. raised its stake in 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 in 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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