Government Properties Income Trust (GOV) : Traders are bullish on Government Properties Income Trust (GOV) as it has outperformed the S&P 500 by a wide margin of 0.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.14%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.65% in the last 1 week, and is up 0.67% 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 1.72% and the 50-Day Moving Average is 2.85%.The 200 Day SMA reached 32.29%. Government Properties Income Trust is up 19.93% in the last 3-month period. Year-to-Date the stock performance stands at 59.93%.
Government Properties Income Trust (NYSE:GOV): After opening at $23.46, the stock dipped to an intraday low of $23.46 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.25 and the buying power remained strong till the end. The stock closed at $24.01 for the day, a gain of 2.34% for the day session. The total traded volume was 594,085. The stocks close on the previous trading day was $23.46.
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.