Government Properties Income Trust (GOV) Sees Large Volume Increase
Government Properties Income Trust (NYSE:GOV) saw an uptick in trading volume on Friday . 851,479 shares traded hands during trading, a decline of 12% from the previous session’s volume of 962,231 shares.The stock last traded at $23.21 and had previously closed at $22.97.
A number of research firms have weighed in on GOV. Zacks Investment Research lowered Government Properties Income Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. FBR & Co started coverage on Government Properties Income Trust in a report on Thursday, June 16th. They set an “outperform” rating and a $25.00 price objective for the company.
The firm’s market capitalization is $1.66 billion. The company has a 50-day moving average of $20.77 and a 200 day moving average of $17.38.
Government Properties Income Trust (NYSE:GOV) last released its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $63.61 million for the quarter, compared to analysts’ expectations of $62.64 million. During the same period last year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Government Properties Income Trust will post $2.40 EPS for the current fiscal year.
Several large investors have added to or reduced their stakes in GOV. California State Teachers Retirement System boosted its stake in Government Properties Income Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 130,373 shares of the real estate investment trust’s stock valued at $2,069,000 after buying an additional 2,062 shares during the period. Rhumbline Advisers increased its position 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 in the last quarter. Chicago Equity Partners LLC purchased a new position in Government Properties Income Trust during the fourth quarter worth $2,185,000. California Public Employees Retirement System increased its position 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 in the last quarter. Finally, Comerica Bank increased its position in 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 in 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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