Daiwa Securities Group Inc. raised its stake in Select Income REIT (NASDAQ:SIR) by 37.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,100 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Select Income REIT were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Select Income REIT by 10.2% in the first quarter. American Century Companies Inc. now owns 893,291 shares of the real estate investment trust’s stock valued at $23,038,000 after buying an additional 82,689 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Select Income REIT by 75.2% in the first quarter. Advisors Asset Management Inc. now owns 15,508 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 6,654 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Select Income REIT by 189.4% in the first quarter. First Trust Advisors LP now owns 342,932 shares of the real estate investment trust’s stock valued at $8,844,000 after buying an additional 224,435 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Select Income REIT by 13.7% in the first quarter. Wells Fargo & Company MN now owns 224,044 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 26,937 shares during the last quarter. Finally, Hillcrest Asset Management LLC boosted its stake in shares of Select Income REIT by 8.1% in the first quarter. Hillcrest Asset Management LLC now owns 318,132 shares of the real estate investment trust’s stock valued at $8,205,000 after buying an additional 23,734 shares during the last quarter. Institutional investors and hedge funds own 49.21% of the company’s stock.

Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

Select Income REIT (SIR) traded down 0.80% during trading on Friday, hitting $24.66. The stock had a trading volume of 991,164 shares. The stock has a 50-day moving average price of $24.33 and a 200-day moving average price of $25.16. The company has a market cap of $2.21 billion, a PE ratio of 24.42 and a beta of 0.77. Select Income REIT has a 52 week low of $23.25 and a 52 week high of $27.97.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.14. The business had revenue of $116.29 million for the quarter, compared to the consensus estimate of $116.50 million. Select Income REIT had a return on equity of 4.34% and a net margin of 19.58%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 EPS. Equities analysts predict that Select Income REIT will post $1.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Friday, April 21st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend was Wednesday, April 19th. Select Income REIT’s dividend payout ratio is 201.98%.

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SIR has been the topic of several research reports. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th.

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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