Government Properties Income Trust (NYSE:GOV) shares were down 3.6% during mid-day trading on Tuesday . The stock traded as low as $22.78 and last traded at $23.33, with a volume of 1,199,522 shares. The stock had previously closed at $24.19.

Several research analysts have issued reports on GOV shares. Jefferies Group lowered Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 price objective for the company. in a research note on Tuesday. FBR & Co began coverage on Government Properties Income Trust in a research note on Thursday, June 16th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Zacks Investment Research upgraded Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, June 21st.

The stock’s 50-day moving average is $21.61 and its 200-day moving average is $17.74.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm earned $63.61 million during the quarter, compared to analyst estimates of $62.64 million. Government Properties Income Trust’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Equities analysts predict that Government Properties Income Trust will post $2.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.72 dividend on an annualized basis and a yield of 7.30%.

Other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Government Properties Income Trust by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 952,788 shares of the real estate investment trust’s stock worth $15,121,000 after buying an additional 2,433 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 worth $7,430,000 after buying an additional 20,866 shares during the last quarter. Morgan Stanley boosted its position 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 worth $18,918,000 after buying an additional 332,865 shares during the last quarter. Comerica Bank boosted its position 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 worth $1,051,000 after buying an additional 360 shares during the last quarter. Finally, California Public Employees Retirement System boosted 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 worth $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.