BidaskClub upgraded shares of Select Income REIT (NASDAQ:SIR) from a strong sell rating to a sell rating in a research report released on Tuesday.
A number of other equities analysts also recently commented on the stock. B. Riley reiterated a buy rating on shares of Select Income REIT in a report on Tuesday, February 20th. Zacks Investment Research downgraded shares of Select Income REIT from a buy rating to a hold rating in a report on Thursday, January 18th. Morgan Stanley reduced 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 report on Monday, February 5th. Finally, ValuEngine downgraded shares of Select Income REIT from a buy rating to a hold rating in a report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $23.42.
SIR stock opened at $18.89 on Tuesday. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1,676.98, a P/E ratio of 6.79 and a beta of 0.78. Select Income REIT has a 1-year low of $17.90 and a 1-year high of $26.26.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data 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). The firm 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 revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. sell-side analysts anticipate that Select Income REIT will post 2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 17th. Shareholders of record on Monday, April 30th will be issued a $0.51 dividend. The ex-dividend date is Friday, April 27th. This represents a $2.04 dividend on an annualized basis and a yield of 10.80%. Select Income REIT’s dividend payout ratio is presently 73.38%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of Select Income REIT by 17.7% during the fourth quarter. Alliancebernstein L.P. now owns 178,794 shares of the real estate investment trust’s stock valued at $4,493,000 after acquiring an additional 26,880 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Select Income REIT during the third quarter valued at about $331,000. UBS Asset Management Americas Inc. increased its holdings in shares of Select Income REIT by 10.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 149,157 shares of the real estate investment trust’s stock valued at $3,748,000 after acquiring an additional 13,757 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Select Income REIT by 9.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 733,508 shares of the real estate investment trust’s stock valued at $18,434,000 after acquiring an additional 64,952 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Select Income REIT during the fourth quarter valued at about $214,000. Hedge funds and other institutional investors own 49.70% of the company’s stock.
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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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