Select Income REIT (NASDAQ:SIR) announced a quarterly dividend on Friday, October 13th, Wall Street Journal reports. Stockholders of record on Monday, October 23rd will be given a dividend of 0.51 per share by the real estate investment trust on Thursday, November 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date is Friday, October 20th.
Shares of Select Income REIT (NASDAQ SIR) opened at 24.05 on Friday. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $26.79. The stock’s 50 day moving average price is $23.69 and its 200-day moving average price is $24.04. The company has a market cap of $2.15 billion, a PE ratio of 25.05 and a beta of 0.74.
Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. The business had revenue of $118.01 million during the quarter, compared to analysts’ expectations of $116.73 million. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Select Income REIT will post $0.99 earnings per share for the current year.
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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Deutsche Bank AG raised their price target on Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a report on Thursday. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, FBR & Co restated a “buy” rating on shares of Select Income REIT in a report on Friday.
Select Income REIT Company Profile
Select Income REIT is a real estate investment trust. The Company is engaged in the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. As of December 31, 2016, the Company owned 121 properties (362 buildings, leasable land parcels and easements) with approximately 44.8 million rentable square feet.
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