Government Properties Income Trust (GOV) : Summit Financial Wealth Advisors reduced its stake in Government Properties Income Trust by 30.5% during the most recent quarter end. The investment management company now holds a total of 174,640 shares of Government Properties Income Trust which is valued at $3,653,469 after selling 76,658 shares in Government Properties Income Trust , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Government Properties Income Trust makes up approximately 1.60% of Summit Financial Wealth Advisors’s portfolio.
Other Hedge Funds, Including ,
Government Properties Income Trust closed down -0.6 points or -2.70% at $21.65 with 6,86,926 shares getting traded on Tuesday. Post opening the session at $22.2, the shares hit an intraday low of $21.4184 and an intraday high of $22.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Many Wall Street Analysts have commented on Government Properties Income Trust. Government Properties Income Trust was Downgraded by Jefferies to ” Underperform” on Jul 19, 2016.
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.