B. Riley Reaffirms “Buy” Rating for Select Income REIT (SIR)

Select Income REIT (NASDAQ:SIR)‘s stock had its “buy” rating reissued by B. Riley in a research report issued on Tuesday. B. Riley also issued estimates for Select Income REIT’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.61 EPS and Q4 2019 earnings at $0.61 EPS.

A number of other research analysts also recently commented on the stock. FBR & Co reaffirmed a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a research note on Friday, October 27th. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, December 6th. Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Deutsche Bank upped their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.92.

Select Income REIT (SIR) opened at $19.27 on Tuesday. Select Income REIT has a one year low of $19.24 and a one year high of $26.79. The firm has a market cap of $1,820.16, a PE ratio of 25.69 and a beta of 0.66. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21.

Select Income REIT (NASDAQ:SIR) last announced its earnings results on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.30). Select Income REIT had a net margin of 14.29% and a return on equity of 3.29%. The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $117.78 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. equities analysts expect that Select Income REIT will post 2.74 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Select Income REIT by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,107 shares of the real estate investment trust’s stock valued at $1,204,000 after acquiring an additional 588 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Select Income REIT by 9.4% during the 3rd quarter. First Allied Advisory Services Inc. now owns 23,148 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 1,992 shares during the period. Strs Ohio grew its holdings in shares of Select Income REIT by 2.3% during the 4th quarter. Strs Ohio now owns 100,071 shares of the real estate investment trust’s stock worth $2,514,000 after purchasing an additional 2,232 shares during the period. QS Investors LLC grew its holdings in shares of Select Income REIT by 8.0% during the 4th quarter. QS Investors LLC now owns 35,026 shares of the real estate investment trust’s stock worth $880,000 after purchasing an additional 2,604 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Select Income REIT by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 208,057 shares of the real estate investment trust’s stock worth $4,869,000 after purchasing an additional 2,926 shares during the period. 47.75% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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