Government Properties Income Trust (NYSE:GOV) dropped 1.7% during trading on Thursday . The company traded as low as $23.62 and last traded at $23.68, with a volume of 233,196 shares trading hands. The stock had previously closed at $24.08.

GOV has been the topic of a number of research reports. Zacks Investment Research raised shares of Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 3rd. FBR & Co initiated 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 on the stock. Finally, Jefferies Group cut shares of Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, July 19th.

The stock has a 50 day moving average of $23.27 and a 200-day moving average of $18.83.

Government Properties Income Trust (NYSE:GOV) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.01. The business earned $64.06 million during the quarter, compared to the consensus estimate of $63.74 million. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, equities analysts expect that Government Properties Income Trust will post $2.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date is Wednesday, July 20th.

A number of large investors recently bought and sold shares of GOV. Morgan Stanley boosted its stake in 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. Principal Financial Group Inc. boosted 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 during the last quarter. California Public Employees Retirement System boosted 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 during the last quarter. Finally, Rhumbline Advisers boosted 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 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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