Mutual Advisors LLC acquired a new position in Select Income REIT (NASDAQ:SIR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,486 shares of the real estate investment trust’s stock, valued at approximately $236,000.
Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Select Income REIT by 140.7% in the second quarter. Millennium Management LLC now owns 229,027 shares of the real estate investment trust’s stock worth $5,146,000 after purchasing an additional 133,893 shares in the last quarter. Bridgeworth LLC bought a new stake in Select Income REIT in the second quarter worth approximately $144,000. Paloma Partners Management Co bought a new stake in Select Income REIT in the second quarter worth approximately $219,000. Bank of America Corp DE increased its holdings in Select Income REIT by 5.9% in the second quarter. Bank of America Corp DE now owns 244,395 shares of the real estate investment trust’s stock worth $5,491,000 after purchasing an additional 13,558 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Select Income REIT by 78.6% in the second quarter. Raymond James & Associates now owns 31,525 shares of the real estate investment trust’s stock worth $708,000 after purchasing an additional 13,869 shares in the last quarter. 49.02% of the stock is currently owned by institutional investors.
Several research firms have recently commented on SIR. ValuEngine downgraded Select Income REIT from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. TheStreet upgraded Select Income REIT from a “c” rating to a “b-” rating in a report on Tuesday, May 29th. BidaskClub downgraded Select Income REIT from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. Finally, Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.92.
NASDAQ SIR opened at $20.06 on Monday. The company has a market cap of $1.79 billion, a PE ratio of 7.22, a PEG ratio of 3.31 and a beta of 0.77. Select Income REIT has a 52 week low of $17.90 and a 52 week high of $26.26. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.87.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.49). The firm had revenue of $116.00 million for the quarter, compared to the consensus estimate of $118.56 million. Select Income REIT had a net margin of 16.59% and a return on equity of 3.55%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. equities analysts anticipate that Select Income REIT will post 2.21 earnings per share for the current fiscal year.
Select Income REIT Profile
SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.
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