On a relative basis, the stock has outperformed the S&P 500 by 12.17% in the past 4 weeks, but has underperformed the S&P 500 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 0.78% in the last 1 week, and is up 13.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 23.32% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $23.47 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.77 and the 200 Day Moving Average price is recorded at $17.38.
The stock has recorded a 20-day Moving Average of 9.04% and the 50-Day Moving Average is 14.85%.
Government Properties Income Trust (NYSE:GOV): stock turned positive on Friday. Though the stock opened at $23.15, the bulls momentum made the stock top out at $23.47 level for the day. The stock recorded a low of $22.97 and closed the trading day at $23.32, in the green by 1.52%. The total traded volume for the day was 1,414,637. The stock had closed at $22.97 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.