Government Properties Income Trust (GOV) : Summit Financial Wealth Advisors reduced its stake in Government Properties Income Trust by 3.05% during the most recent quarter end. The investment management company now holds a total of 252,423 shares of Government Properties Income Trust which is valued at $5 Million after selling 7,945 shares in Government Properties Income Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.Government Properties Income Trust makes up approximately 2.17% of Summit Financial Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in GOV by selling 66,893 shares or 31.66% in the most recent quarter. The Hedge Fund company now holds 144,386 shares of GOV which is valued at $2.9 Million.Investors Capital Advisory Services reduced its stake in GOV by selling 1,516 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 21,864 shares of GOV which is valued at $433,563. Government Properties Income Trust makes up approx 0.09% of Investors Capital Advisory Services’s portfolio.Teachers Advisors Inc reduced its stake in GOV by selling 10,268 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 140,110 shares of GOV which is valued at $2.8 Million. Government Properties Income Trust makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Proshare Advisors reduced its stake in GOV by selling 1,765 shares or 14.7% in the most recent quarter. The Hedge Fund company now holds 10,242 shares of GOV which is valued at $203,713. Spinnaker Trust sold out all of its stake in GOV during the most recent quarter. The investment firm sold 10,100 shares of GOV which is valued $200,889.
Government Properties Income Trust closed down -0.05 points or -0.26% at $19.34 with 5,28,305 shares getting traded on Wednesday. Post opening the session at $19.43, the shares hit an intraday low of $19.14 and an intraday high of $19.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Government Properties Income Trust reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.61. The company had revenue of $63.61 million for the quarter, compared to analysts expectations of $62.93 million. The company’s revenue was up 1.5% 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.