California Public Employees Retirement System lowered its position in shares of Select Income REIT (NASDAQ:SIR) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,400 shares of the real estate investment trust’s stock after selling 5,900 shares during the period. California Public Employees Retirement System owned about 0.15% of Select Income REIT worth $3,363,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SIR. Daiwa Securities Group Inc. raised its stake in Select Income REIT by 37.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,400 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Select Income REIT during the first quarter valued at approximately $141,000. Quantbot Technologies LP raised its stake in Select Income REIT by 129.0% in the first quarter. Quantbot Technologies LP now owns 6,703 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,776 shares during the last quarter. Ruggie Capital Group acquired a new stake in Select Income REIT during the first quarter valued at approximately $173,000. Finally, ProShare Advisors LLC raised its stake in Select Income REIT by 317.1% in the first quarter. ProShare Advisors LLC now owns 42,507 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 32,317 shares during the last quarter. 49.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Select Income REIT (NASDAQ:SIR) opened at 24.27 on Thursday. Select Income REIT has a 12-month low of $23.15 and a 12-month high of $27.97.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.14. Select Income REIT had a return on equity of 4.34% and a net margin of 19.58%. The business had revenue of $116.29 million for the quarter, compared to analysts’ expectations of $116.50 million. During the same period in the previous year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that Select Income REIT will post $1.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.41%. The ex-dividend date is Thursday, July 20th. Select Income REIT’s payout ratio is currently 201.98%.

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SIR has been the topic of several recent research reports. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, July 7th.

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.

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

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