Government Properties Income Trust (GOV) has been under a strong bear grip, hence the stock is down -0.24% 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 3.36% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.29% in the last 1 week, and is up 3.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.04% and the 50-Day Moving Average is 11.19%. Government Properties Income Trust is up 26.11% in the last 3-month period. Year-to-Date the stock performance stands at 58.93%.
Government Properties Income Trust (NYSE:GOV): stock turned positive on Friday. Though the stock opened at $23.03, the bulls momentum made the stock top out at $23.895 level for the day. The stock recorded a low of $23.03 and closed the trading day at $23.86, in the green by 3.07%. The total traded volume for the day was 980,624. The stock had closed at $23.15 in the previous days trading.
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.