Government Properties Income Trust (NYSE:GOV) fell 2.1% during mid-day trading on Friday . The stock traded as low as $23.34 and last traded at $23.36, with a volume of 248,160 shares trading hands. The stock had previously closed at $23.85.

Several brokerages have recently issued reports on GOV. Zacks Investment Research lowered Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. FBR & Co began coverage on Government Properties Income Trust in a research report on Thursday, June 16th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Jefferies Group lowered Government Properties Income Trust from a “hold” rating to an “underperform” rating and set a $17.00 target price for the company. in a research report on Tuesday, July 19th.

The firm has a 50 day moving average of $23.59 and a 200 day moving average of $19.61.

Government Properties Income Trust (NYSE:GOV) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company earned $64.06 million during the quarter, compared to the consensus estimate of $63.74 million. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that Government Properties Income Trust will post $2.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, July 22nd were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $1.72 annualized dividend and a yield of 7.35%.

A number of large investors recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Government Properties Income Trust during the fourth quarter valued at approximately $1,606,000. 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 valued at $3,193,000 after buying an additional 9,600 shares during the period. Finally, Morgan Stanley increased 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 valued at $18,918,000 after buying an additional 332,865 shares during the period.

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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