Select Income REIT (NASDAQ:SIR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties. It has properties in Oahu, Hawaii and the mainland United States. Select Income REIT is headquartered in Newton, MA. “
Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. FBR & Co reissued a “buy” rating and issued a $34.00 price objective on shares of Select Income REIT in a research note on Friday, October 27th. B. Riley reissued a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. Finally, Deutsche Bank lifted their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.50.
Select Income REIT (SIR) opened at $23.45 on Friday. The firm has a market cap of $2,100.00, a price-to-earnings ratio of 23.45 and a beta of 0.79. Select Income REIT has a 52 week low of $22.51 and a 52 week high of $26.79. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51.
Select Income REIT (NASDAQ:SIR) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The company had revenue of $118.01 million for the quarter, compared to analysts’ expectations of $116.73 million. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. equities analysts predict that Select Income REIT will post 2.68 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Select Income REIT in the 4th quarter worth about $251,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Select Income REIT by 21.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,352 shares of the real estate investment trust’s stock worth $477,000 after acquiring an additional 3,637 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Select Income REIT in the 3rd quarter worth about $331,000. Eii Capital Management Inc. bought a new stake in shares of Select Income REIT in the 3rd quarter worth about $618,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Select Income REIT by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 114,691 shares of the real estate investment trust’s stock worth $2,686,000 after acquiring an additional 3,391 shares during the last quarter. Hedge funds and other institutional investors own 48.07% of the company’s stock.
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Select Income REIT Company Profile
Select Income REIT is a real estate investment trust. The Company is engaged in the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. As of December 31, 2016, the Company owned 121 properties (362 buildings, leasable land parcels and easements) with approximately 44.8 million rentable square feet.
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