Select Income REIT (NASDAQ:SIR) – Equities researchers at B. Riley lifted their Q1 2019 earnings per share estimates for shares of Select Income REIT in a research report issued to clients and investors on Tuesday, October 30th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.53. B. Riley has a “Buy” rating and a $28.00 price objective on the stock. B. Riley also issued estimates for Select Income REIT’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.60 EPS, FY2019 earnings at $2.39 EPS and FY2020 earnings at $2.42 EPS.
A number of other research analysts have also commented on the company. ValuEngine lowered Select Income REIT from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet lowered Select Income REIT from a “b-” rating to a “c” rating in a report on Tuesday, August 7th. Zacks Investment Research lowered Select Income REIT from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. BidaskClub lowered Select Income REIT from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. Finally, JMP Securities lowered Select Income REIT to a “hold” rating in a report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.75.
SIR stock opened at $19.36 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 3.51 and a beta of 0.74. 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 posted its earnings results on Monday, October 29th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. The company had revenue of $121.88 million for the quarter, compared to analysts’ expectations of $116.17 million. Select Income REIT had a return on equity of 3.33% and a net margin of 16.05%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend is Friday, October 26th. Select Income REIT’s dividend payout ratio (DPR) is 73.38%.
A number of large investors have recently added to or reduced their stakes in SIR. California Public Employees Retirement System grew its holdings in Select Income REIT by 9.9% during the first quarter. California Public Employees Retirement System now owns 130,782 shares of the real estate investment trust’s stock worth $2,548,000 after acquiring an additional 11,766 shares during the period. Dimensional Fund Advisors LP grew its holdings in Select Income REIT by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,083,639 shares of the real estate investment trust’s stock worth $21,109,000 after acquiring an additional 22,137 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Select Income REIT during the first quarter worth about $339,000. Legal & General Group Plc grew its holdings in Select Income REIT by 13.4% during the first quarter. Legal & General Group Plc now owns 207,848 shares of the real estate investment trust’s stock worth $4,049,000 after acquiring an additional 24,579 shares during the period. Finally, Royal Bank of Canada grew its holdings in Select Income REIT by 1.5% during the first quarter. Royal Bank of Canada now owns 518,091 shares of the real estate investment trust’s stock worth $10,093,000 after acquiring an additional 7,796 shares during the period. 48.94% of the stock is currently owned by hedge funds and other institutional investors.
Select Income REIT Company 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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