Select Income REIT (NASDAQ:SIR) declared a quarterly dividend on Thursday, April 19th, Zacks reports. Investors of record on Monday, April 30th will be given a dividend of 0.51 per share by the real estate investment trust on Thursday, May 17th. This represents a $2.04 annualized dividend and a dividend yield of 10.85%. The ex-dividend date of this dividend is Friday, April 27th.
SIR stock opened at $18.80 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 company has a market capitalization of $1,707.41, a P/E ratio of 7.20 and a beta of 0.79. Select Income REIT has a 1-year low of $17.90 and a 1-year high of $26.72.
Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 3.31% and a net margin of 14.29%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. sell-side analysts predict that Select Income REIT will post 2.73 earnings per share for the current year.
A number of brokerages have commented on SIR. Zacks Investment Research cut shares of Select Income REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Morgan Stanley reduced their price target on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, February 5th. B. Riley reiterated a “buy” rating on shares of Select Income REIT in a research report on Tuesday, February 20th. Royal Bank of Canada set a $25.00 price target on shares of Select Income REIT and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, ValuEngine cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Select Income REIT currently has an average rating of “Hold” and an average price target of $23.42.
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Select Income REIT Company Profile
SIR is a real estate investment trust, or REIT, which owns properties that are primarily leased to single tenants. As of December 31, 2017, we owned 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states. As of December 31, 2017, our subsidiary, Industrial Logistics Properties Trust, or ILPT, owned 266 of our buildings, leasable land parcels and easements with approximately 28.5 million rentable square feet, including 226 buildings, leasable land parcels and easements with approximately 16.8 million rentable square feet which are primarily leasable industrial and commercial lands located in Hawaii.
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