News coverage about Select Income REIT (NASDAQ:SIR) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Select Income REIT earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.2435839605569 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Several research analysts have commented on the company. B. Riley restated a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $34.00 price target on shares of Select Income REIT in a report on Friday, October 27th. Zacks Investment Research upgraded Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, December 6th. Finally, BidaskClub downgraded Select Income REIT from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.50.
Select Income REIT (NASDAQ SIR) traded down $0.57 during trading on Thursday, hitting $23.21. The stock had a trading volume of 688,400 shares, compared to its average volume of 374,386. Select Income REIT has a 52-week low of $22.51 and a 52-week high of $26.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $2,100.00, a PE ratio of 23.21 and a beta of 0.79.
Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The firm had revenue of $118.01 million for the quarter, compared to analyst estimates of $116.73 million. Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. equities research analysts forecast that Select Income REIT will post 2.68 EPS for the current year.
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About Select Income REIT
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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