Select Income REIT (SIR) Upgraded to “Hold” by Zacks Investment Research
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. “
Select Income REIT (NASDAQ:SIR) traded up 0.42% during trading on Thursday, reaching $26.37. The company had a trading volume of 418,495 shares. The company has a 50-day moving average of $25.68 and a 200-day moving average of $25.27. The firm has a market capitalization of $2.36 billion, a P/E ratio of 20.28 and a beta of 0.75. Select Income REIT has a 52-week low of $22.51 and a 52-week high of $27.97.
Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. Select Income REIT had a net margin of 22.29% and a return on equity of 4.91%. The firm had revenue of $114.80 million for the quarter, compared to analysts’ expectations of $116.49 million. During the same period in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that Select Income REIT will post $1.39 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Friday, April 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 19th. Select Income REIT’s dividend payout ratio is currently 177.39%.
Several institutional investors have recently bought and sold shares of the stock. Zebra Capital Management LLC bought a new position in Select Income REIT during the fourth quarter valued at approximately $275,000. Dynamic Technology Lab Private Ltd bought a new position in Select Income REIT during the fourth quarter valued at approximately $297,000. Patriot Financial Group Insurance Agency LLC bought a new position in Select Income REIT during the fourth quarter valued at approximately $325,000. Bridgeworth LLC bought a new position in Select Income REIT during the fourth quarter valued at approximately $394,000. Finally, National Planning Corp boosted its position in Select Income REIT by 4.8% in the fourth quarter. National Planning Corp now owns 16,328 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 745 shares in the last quarter. Institutional investors and hedge funds own 46.52% of the company’s stock.
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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