BidaskClub upgraded shares of Select Income REIT (NASDAQ:SIR) from a hold rating to a buy rating in a research report released on Tuesday.
Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Select Income REIT from a sell rating to a hold rating in a report on Friday, June 1st. TheStreet upgraded shares of Select Income REIT from a c rating to a b- rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Select Income REIT from a sell rating to a hold rating in a report on Tuesday, May 8th. B. Riley cut their price target on shares of Select Income REIT from $31.00 to $28.00 and set a buy rating on the stock in a report on Wednesday, May 2nd. Finally, Morgan Stanley cut their price target on shares of Select Income REIT from $22.00 to $19.00 and set an underweight rating on the stock in a report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Select Income REIT currently has an average rating of Hold and an average price target of $22.92.
Shares of Select Income REIT opened at $22.42 on Tuesday, Marketbeat reports. The firm has a market cap of $2.00 billion, a P/E ratio of 8.06 and a beta of 0.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.84. 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 announced its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $120.60 million during the quarter, compared to analyst estimates of $115.93 million. Select Income REIT had a net margin of 19.76% and a return on equity of 4.41%. Select Income REIT’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. equities analysts predict that Select Income REIT will post 2.68 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Whittier Trust Co. acquired a new position in Select Income REIT in the 1st quarter worth approximately $175,000. BB&T Securities LLC acquired a new position in Select Income REIT in the 4th quarter worth approximately $211,000. Amalgamated Bank acquired a new position in Select Income REIT in the 4th quarter worth approximately $214,000. SG Americas Securities LLC increased its holdings in Select Income REIT by 61.7% in the 1st quarter. SG Americas Securities LLC now owns 12,207 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 4,659 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Select Income REIT by 31.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,577 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,211 shares during the period. Institutional investors own 47.83% of the company’s stock.
Select Income REIT Company Profile
SIR is a real estate investment trust, or REIT, which owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily leased to single tenants. As of March 31, 2018, our consolidated portfolio included 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states.
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