The stock of Government Properties Income Trust (NASDAQ:GOV) is a huge mover today! The stock decreased 1.65% or $0.38 during the last trading session, hitting $22.62. Government Properties Income Trust (NASDAQ:GOV) has risen 52.43% since February 29, 2016 and is uptrending. It has outperformed by 42.00% the S&P500.
The move comes after 8 months negative chart setup for the $1.61 billion company. It was reported on Oct, 1 by Barchart.com. We have $21.26 PT which if reached, will make NASDAQ:GOV worth $96.60 million less.
Analysts await Government Properties Income Trust (NYSE:GOV) to report earnings on November, 3. They expect $0.58 EPS, down 1.69% or $0.01 from last year’s $0.59 per share. GOV’s profit will be $41.28M for 9.75 P/E if the $0.58 EPS becomes a reality. After $0.61 actual EPS reported by Government Properties Income Trust for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.
According to Zacks Investment Research, “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).”
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.05, from 1.19 in 2016Q1. The ratio increased, as 18 funds sold all Government Properties Income Trust shares owned while 61 reduced positions. 25 funds bought stakes while 73 increased positions. They now own 44.01 million shares or 1.97% more from 43.16 million shares in 2016Q1.
Teacher Retirement Systems Of Texas, a Texas-based fund reported 9,909 shares. Rhumbline Advisers has 0.01% invested in the company for 106,664 shares. Voya Invest Management Ltd last reported 0% of its portfolio in the stock. New York State Common Retirement Fund has 0% invested in the company for 69,400 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,476 shares in its portfolio. Walleye Trading Ltd Liability Corporation, a Minnesota-based fund reported 564 shares. Vanguard Inc accumulated 13.52M shares or 0.02% of the stock. Teachers Retirement Of The State Of Kentucky owns 21,500 shares or 0.01% of their US portfolio. Moreover, Thrivent For Lutherans has 0% invested in Government Properties Income Trust (NASDAQ:GOV) for 42,711 shares. Cambridge Investment Research Advisors Incorporated holds 0.02% or 38,218 shares in its portfolio. Indexiq Advsr Ltd Liability Co owns 56,446 shares or 0.08% of their US portfolio. California Employees Retirement Systems has invested 0.01% of its portfolio in Government Properties Income Trust (NASDAQ:GOV). New Mexico Educational Retirement Board, a New Mexico-based fund reported 10,157 shares. Amica Mutual Insur accumulated 0.02% or 7,794 shares. Sii Invests Wi has 8,700 shares for 0.02% of their US portfolio.
More notable recent Government Properties Income Trust (NASDAQ:GOV) news were published by: Seekingalpha.com which released: “Beyond Government Properties Income Trust’s Dividend” on September 18, 2016, also Forbes.com with their article: “Government Properties Income Trust (GOV) Passes Through 10% Yield Mark” published on July 31, 2015, Seekingalpha.com published: “Government Properties Income Trust – The Puppet REIT” on April 05, 2016. More interesting news about Government Properties Income Trust (NASDAQ:GOV) were released by: Seekingalpha.com and their article: “Steer Clear Of Government Properties Income Trust” published on May 01, 2016 as well as Seekingalpha.com‘s news article titled: “Government Properties Income Trust’s (GOV) CEO David Blackman on Q1 2016 …” with publication date: April 30, 2016.
GOV Company Profile
Government Properties Income Trust, incorporated in February 17, 2009, is a real estate investment trust (REIT). The Firm operates in two divisions: 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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