Government Properties Income Trust (NYSE:GOV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Government Properties Income Trust is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT). “

Several other analysts have also recently issued reports on GOV. Morgan Stanley reissued an “underweight” rating and issued a $18.50 target price (up from $17.00) on shares of Government Properties Income Trust in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “sell” rating and issued a $15.00 target price on shares of Government Properties Income Trust in a research note on Tuesday, June 20th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 target price (down from $25.00) on shares of Government Properties Income Trust in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Government Properties Income Trust currently has a consensus rating of “Hold” and a consensus target price of $18.90.

Government Properties Income Trust (GOV) traded up 0.17% during trading on Tuesday, reaching $18.19. The company’s stock had a trading volume of 425,354 shares. Government Properties Income Trust has a 52-week low of $18.06 and a 52-week high of $18.35.

Government Properties Income Trust (NYSE:GOV) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The company had revenue of $69.89 million for the quarter, compared to analysts’ expectations of $69.08 million. Government Properties Income Trust had a return on equity of 5.16% and a net margin of 4.64%. Government Properties Income Trust’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities research analysts anticipate that Government Properties Income Trust will post $0.27 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of GOV. Teachers Advisors LLC raised its stake in shares of Government Properties Income Trust by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 120,856 shares of the real estate investment trust’s stock valued at $2,304,000 after buying an additional 3,324 shares during the period. Macquarie Group Ltd. raised its stake in shares of Government Properties Income Trust by 135.6% in the fourth quarter. Macquarie Group Ltd. now owns 65,500 shares of the real estate investment trust’s stock valued at $1,249,000 after buying an additional 37,700 shares during the period. Creative Planning raised its stake in shares of Government Properties Income Trust by 33.2% in the first quarter. Creative Planning now owns 11,351 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 2,827 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Government Properties Income Trust by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,000 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 400 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Government Properties Income Trust by 36.6% in the first quarter. Nisa Investment Advisors LLC now owns 53,000 shares of the real estate investment trust’s stock valued at $1,109,000 after buying an additional 14,200 shares during the period.

About Government Properties Income Trust

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates through 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 areas, including Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, New Jersey and New Mexico.

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