Select Income REIT (NYSE:SIR) announced a quarterly dividend on Wednesday, October 12th. Stockholders of record on Friday, October 21st will be given a dividend of 0.51 per share by the real estate investment trust on Thursday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend is Wednesday, October 19th.

Shares of Select Income REIT (NYSE:SIR) opened at 25.61 on Thursday. The stock’s 50 day moving average price is $26.76 and its 200-day moving average price is $25.54. Select Income REIT has a 1-year low of $17.07 and a 1-year high of $27.97.

Select Income REIT (NYSE:SIR) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.36. The business had revenue of $114.90 million for the quarter, compared to the consensus estimate of $114.80 million. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Equities analysts anticipate that Select Income REIT will post $1.41 earnings per share for the current fiscal year.

Dividend History for Select Income REIT (NYSE:SIR)

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its stake in Select Income REIT by 2.6% in the second quarter. BlackRock Advisors LLC now owns 30,209 shares of the real estate investment trust’s stock worth $785,000 after buying an additional 773 shares during the last quarter. Barclays PLC increased its stake in Select Income REIT by 46.2% in the second quarter. Barclays PLC now owns 8,633 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,728 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Select Income REIT by 2.2% in the second quarter. TIAA CREF Investment Management LLC now owns 197,705 shares of the real estate investment trust’s stock worth $5,138,000 after buying an additional 4,178 shares during the last quarter. Jane Street Group LLC increased its stake in Select Income REIT by 55.3% in the second quarter. Jane Street Group LLC now owns 15,818 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 5,632 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Select Income REIT by 5.0% in the second quarter. Parametric Portfolio Associates LLC now owns 153,186 shares of the real estate investment trust’s stock worth $3,981,000 after buying an additional 7,305 shares during the last quarter.

Several brokerages recently issued reports on SIR. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. FBR & Co began coverage on Select Income REIT in a research note on Monday, August 22nd. They set an “outperform” rating and a $35.00 target price on the stock. Finally, JMP Securities raised Select Income REIT from a “market perform” rating to an “outperform” rating in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.67.

Select Income REIT Company Profile

Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet.

5 Day Chart for NYSE:SIR

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