Shares of 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 changing hands. The stock had previously closed at $23.85.

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

The firm has a 50-day moving average price of $23.59 and a 200-day moving average price 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 analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $64.06 million for the quarter, compared to analyst estimates of $63.74 million. During the same period in the prior year, the company posted $0.60 earnings per share. Government Properties Income Trust’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that Government Properties Income Trust will post $2.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Shareholders 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 dividend on an annualized basis and a yield of 7.35%.

An institutional investor recently bought a new position in Government Properties Income Trust stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Government Properties Income Trust (NYSE:GOV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 101,200 shares of the real estate investment trust’s stock, valued at approximately $1,606,000.

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.