Goldman Sachs Group Inc. Grows Holdings in Select Income REIT (SIR)

Goldman Sachs Group Inc. boosted its holdings in Select Income REIT (NASDAQ:SIR) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 213,899 shares of the real estate investment trust’s stock after acquiring an additional 57,958 shares during the period. Goldman Sachs Group Inc.’s holdings in Select Income REIT were worth $5,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SIR. Amundi Pioneer Asset Management Inc. acquired a new position in Select Income REIT in the fourth quarter worth $9,727,000. Schwab Charles Investment Management Inc. boosted its holdings in Select Income REIT by 61.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 668,556 shares of the real estate investment trust’s stock worth $15,658,000 after purchasing an additional 253,513 shares during the period. BlackRock Inc. boosted its holdings in Select Income REIT by 2.3% in the fourth quarter. BlackRock Inc. now owns 5,690,703 shares of the real estate investment trust’s stock worth $143,008,000 after purchasing an additional 129,475 shares during the period. Driehaus Capital Management LLC acquired a new position in Select Income REIT in the fourth quarter worth $3,199,000. Finally, Opus Capital Group LLC acquired a new position in Select Income REIT in the fourth quarter worth $2,987,000. 49.78% of the stock is owned by hedge funds and other institutional investors.

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SIR stock opened at $19.23 on Friday. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $1,733.36, a price-to-earnings ratio of 6.92 and a beta of 0.79. Select Income REIT has a 1 year low of $17.90 and a 1 year high of $26.79.

Select Income REIT (NASDAQ:SIR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.30). The company had revenue of $117.90 million during the quarter, compared to the consensus estimate of $117.78 million. Select Income REIT had a net margin of 14.29% and a return on equity of 3.31%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. analysts predict that Select Income REIT will post 2.73 EPS for the current year.

SIR has been the subject of a number of research reports. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, January 5th. BidaskClub downgraded shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. ValuEngine downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, B. Riley decreased their price objective on shares of Select Income REIT from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Select Income REIT presently has an average rating of “Hold” and an average target price of $23.92.

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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.

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Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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