Cougar Global Investments Ltd Lowers stake in Government Properties Income Trust (GOV)

Government Properties Income Trust (GOV) : Cougar Global Investments Ltd reduced its stake in Government Properties Income Trust by 7.06% during the most recent quarter end. The investment management company now holds a total of 61,932 shares of Government Properties Income Trust which is valued at $1,281,373 after selling 4,705 shares in Government Properties Income Trust , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Government Properties Income Trust makes up approximately 0.92% of Cougar Global Investments Ltd’s portfolio.

Other Hedge Funds, Including , Koshinski Asset Management reduced its stake in GOV by selling 357 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 26,471 shares of GOV which is valued at $547,685. Government Properties Income Trust makes up approx 0.27% of Koshinski Asset Management’s portfolio.Msi Financial Services Inc reduced its stake in GOV by selling 3,950 shares or 33.02% in the most recent quarter. The Hedge Fund company now holds 8,012 shares of GOV which is valued at $166,970. Government Properties Income Trust makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Capstone Asset Management Co boosted its stake in GOV in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 20,240 shares of Government Properties Income Trust which is valued at $413,301. Government Properties Income Trust makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Summit Financial Wealth Advisors reduced its stake in GOV by selling 76,658 shares or 30.5% in the most recent quarter. The Hedge Fund company now holds 174,640 shares of GOV which is valued at $3,653,469. Government Properties Income Trust makes up approx 1.60% of Summit Financial Wealth Advisors’s portfolio.

Government Properties Income Trust closed down -0.15 points or -0.72% at $20.69 with 4,63,204 shares getting traded on Friday. Post opening the session at $20.82, the shares hit an intraday low of $20.67 and an intraday high of $21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Government Properties Income Trust reported $0.61 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $64.06 million for the quarter, compared to analysts expectations of $63.74 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

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.

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