Legal & General Group Plc grew its position in shares of Select Income REIT (NASDAQ:SIR) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,891 shares of the real estate investment trust’s stock after buying an additional 9,812 shares during the quarter. Legal & General Group Plc owned 0.20% of Select Income REIT worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Select Income REIT by 3,984.2% during the second quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 4,024 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Select Income REIT by 15.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 575 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Select Income REIT by 68.4% in the third quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 3,697 shares in the last quarter. Suntrust Banks Inc. grew its position in Select Income REIT by 2.0% in the second quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 191 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Select Income REIT in the second quarter worth about $249,000. 48.07% of the stock is currently owned by institutional investors.
Several research analysts recently commented on the company. BidaskClub lowered Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. One investment 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. Select Income REIT presently has an average rating of “Hold” and a consensus price target of $22.50.
Select Income REIT (NASDAQ:SIR) traded down $0.37 during midday trading on Friday, reaching $23.08. 305,320 shares of the company’s stock traded hands, compared to its average volume of 369,600. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21. Select Income REIT has a fifty-two week low of $22.51 and a fifty-two week high of $26.79. The stock has a market capitalization of $2,100.00, a price-to-earnings ratio of 23.08 and a beta of 0.79.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). The firm had revenue of $118.01 million during the quarter, compared to analysts’ expectations of $116.73 million. Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. Select Income REIT’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. analysts forecast that Select Income REIT will post 2.68 EPS for the current year.
Select Income REIT 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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