Axa increased its stake in shares of Select Income REIT (NASDAQ:SIR) by 45.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 317,600 shares of the real estate investment trust’s stock after acquiring an additional 99,100 shares during the quarter. Axa’s holdings in Select Income REIT were worth $7,981,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group bought a new stake in Select Income REIT in the 3rd quarter valued at about $185,000. Amalgamated Bank bought a new stake in Select Income REIT in the 4th quarter valued at about $214,000. Lourd Capital LLC bought a new stake in Select Income REIT in the 4th quarter valued at about $218,000. Great West Life Assurance Co. Can boosted its holdings in Select Income REIT by 68.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 3,697 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services bought a new stake in Select Income REIT in the 4th quarter valued at about $251,000. 49.83% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on SIR. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Royal Bank of Canada set a $25.00 target price on shares of Select Income REIT and gave the company a “buy” rating in a research report on Tuesday, February 6th. ValuEngine cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BidaskClub cut shares of Select Income REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley dropped their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.92.
Select Income REIT (NASDAQ SIR) opened at $19.05 on Wednesday. The company has a market cap of $1,710.00, a P/E ratio of 25.40 and a beta of 0.83. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 1.55. Select Income REIT has a 12-month low of $17.90 and a 12-month high of $26.79.
Select Income REIT (NASDAQ:SIR) last issued its earnings results on Friday, February 16th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.30). The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $117.78 million. Select Income REIT had a net margin of 14.29% and a return on equity of 3.31%. Select Income REIT’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. sell-side analysts predict that Select Income REIT will post 2.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 10.71%. The ex-dividend date of this dividend was Friday, January 26th. Select Income REIT’s payout ratio is presently 272.00%.
COPYRIGHT VIOLATION NOTICE: “Select Income REIT (SIR) Shares Bought by Axa” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/14/select-income-reit-sir-shares-bought-by-axa.html.
Select Income REIT 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.
Want to see what other hedge funds are holding SIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Income REIT (NASDAQ:SIR).
Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.