Government Properties Income Trust (GOV) has risen sharply, recording gains of 2.27% in the past 4 weeks. However, the stock has corrected -0.04% in the past 1 week, providing a good buying opportunity on dips. Government Properties Income Trust (GOV) : During the past 4 weeks, traders have been relatively bearish on Government Properties Income Trust (GOV), hence the stock is down -0.21% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.47% relative to the S&P 500.
Government Properties Income Trust (NYSE:GOV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.72 and $23.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.85, notching a gain of 0.51% for the day. The total traded volume was 572,344 . The stock had closed at $23.73 on the previous day.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 8.79%. Government Properties Income Trust is up 19.91% in the last 3-month period. Year-to-Date the stock performance stands at 58.86%.
Government Properties Income Trust (GOV) stock is expected to deviate a maximum of $5.19 from the average target price of $19.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $16.
Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Companys properties are located in Alabama, Arizona, California, Florida, Kentucky, Massachusetts, New Jersey, New York, Texas, Washington and Wyoming. The Companys properties (64 buildings), with approximately 7.7 million rentable square feet, are primarily leased to the United States Government, 18 of those properties (24 buildings), with approximately 2.6 million rentable square feet primarily leased to 12 state governments, one of those properties (one building), with 187,060 Rentable square feet, is leased to the United Nations, an international intergovernmental organization, and three of those properties (three buildings), with 507,788 rentable square feet primarily leased to non-government tenants.