Shares of Government Properties Income Trust (NYSE:GOV) were up 1.6% during trading on Wednesday . The company traded as high as $24.22 and last traded at $24.19, with a volume of 453,726 shares trading hands. The stock had previously closed at $23.80.

A number of analysts have commented on GOV shares. FBR & Co started coverage on shares of Government Properties Income Trust in a report on Thursday, June 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Zacks Investment Research downgraded shares of Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th.

The stock’s market capitalization is $1.74 billion. The stock has a 50 day moving average price of $21.04 and a 200 day moving average price of $17.50.

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

Several hedge funds have recently modified their holdings of the stock. Comerica Bank increased its stake in shares of 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 increased 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 worth $1,736,000 after buying an additional 6,565 shares in the last quarter. California State Teachers Retirement System increased 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 worth $2,069,000 after buying an additional 2,062 shares in the last quarter. California Public Employees Retirement System increased 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 worth $3,193,000 after buying an additional 9,600 shares in the last quarter. Finally, Principal Financial Group Inc. increased 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 worth $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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