LSV Asset Management lessened its stake in Select Income REIT (NASDAQ:SIR) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,971,265 shares of the real estate investment trust’s stock after selling 45,400 shares during the quarter. LSV Asset Management owned about 4.44% of Select Income REIT worth $99,797,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. increased its position in Select Income REIT by 25.1% in the 2nd quarter. Citigroup Inc. now owns 34,631 shares of the real estate investment trust’s stock valued at $832,000 after acquiring an additional 6,938 shares in the last quarter. Northern Capital Management LLC boosted its stake in shares of Select Income REIT by 32.3% in the 3rd quarter. Northern Capital Management LLC now owns 140,900 shares of the real estate investment trust’s stock valued at $3,300,000 after purchasing an additional 34,405 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Select Income REIT in the 3rd quarter valued at about $331,000. Boulegeris Investments Inc. boosted its stake in shares of Select Income REIT by 3.9% in the 3rd quarter. Boulegeris Investments Inc. now owns 162,375 shares of the real estate investment trust’s stock valued at $3,803,000 after purchasing an additional 6,100 shares during the last quarter. Finally, TIAA FSB boosted its stake in shares of Select Income REIT by 7.6% in the 3rd quarter. TIAA FSB now owns 152,881 shares of the real estate investment trust’s stock valued at $3,580,000 after purchasing an additional 10,791 shares during the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.
Several research analysts have recently issued reports on the stock. B. Riley reduced their target price on shares of Select Income REIT from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada set a $25.00 target price on shares of Select Income REIT and gave the company a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley reduced their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, February 5th. BidaskClub lowered shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.92.
Select Income REIT (NASDAQ:SIR) traded up $0.44 during trading on Friday, reaching $20.40. 430,036 shares of the company traded hands, compared to its average volume of 328,436. Select Income REIT has a twelve month low of $19.85 and a twelve month high of $26.79. The company has a market cap of $1,825.53, a price-to-earnings ratio of 7.61 and a beta of 0.66. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 10.00%. The ex-dividend date is Friday, January 26th. Select Income REIT’s payout ratio is 204.00%.
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About Select Income REIT
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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