Government Properties Income Trust (GOV) has been under a strong bear grip, hence the stock is down -1.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.44% in the past 1 week. The stock has risen by 0.78% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.97% in the past 4 weeks.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 1.33% and the fifty day Moving Average is 1.45%. Government Properties Income Trust is up 19.83% in the last three month period. Year-to-Date the stock performance stands at 55.8%.
Government Properties Income Trust (GOV) : 4 Wall Street analysts covering Government Properties Income Trust (GOV) believe that the average level the stock could reach for the short term is $19.25. The maximum price target given is $27 and the minimum target for short term is around $16, hence the standard deviation is calculated at $5.19.
Government Properties Income Trust (NYSE:GOV): On Fridays trading session , Opening price of the stock was $23.9 with an intraday high of $23.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.18. However, the stock managed to close at $23.39, a loss of 1.93% for the day. On the previous day, the stock had closed at $23.85. The total traded volume of the day was 487,085 shares.
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.