Government Properties Income Trust (GOV) : Financial Investment Management Group Ltd reduced its stake in Government Properties Income Trust by 1.84% during the most recent quarter end. The investment management company now holds a total of 584,415 shares of Government Properties Income Trust which is valued at $10,811,678 after selling 10,985 shares in Government Properties Income Trust , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Government Properties Income Trust makes up approximately 2.86% of Financial Investment Management Group Ltd’s portfolio.
Government Properties Income Trust opened for trading at $18.3 and hit $18.61 on the upside on Friday, eventually ending the session at $18.5, with a gain of 0.93% or 0.17 points. The heightened volatility saw the trading volume jump to 5,34,389 shares. Company has a market cap of $1,316 M.
Other Hedge Funds, Including , Newman Dignan Sheerar boosted its stake in GOV in the latest quarter, The investment management firm added 3,350 additional shares and now holds a total of 43,420 shares of Government Properties Income Trust which is valued at $803,270. Government Properties Income Trust makes up approx 0.58% of Newman Dignan Sheerar’s portfolio.Capstone Asset Management Co reduced its stake in GOV by selling 1,550 shares or 7.53% in the most recent quarter. The Hedge Fund company now holds 19,040 shares of GOV which is valued at $352,240. Government Properties Income Trust makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in GOV in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 6,690 shares of Government Properties Income Trust which is valued at $120,219.
On the company’s financial health, Government Properties Income Trust reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.60. The company had revenue of $61.68 million for the quarter, compared to analysts expectations of $62.21 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Government Properties Income Trust. Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Underperform” and Lowered the Price Target to $ 14 from a previous price target of $15 .
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 Company’s properties are located in Alabama Arizona California Florida Kentucky Massachusetts New Jersey New York Texas Washington and Wyoming. The Company’s 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 187060 Rentable square feet is leased to the United Nations an international intergovernmental organization and three of those properties (three buildings) with 507788 rentable square feet primarily leased to non-government tenants.