Daiwa Securities Group Inc. raised its position in Select Income REIT (NASDAQ:SIR) by 13.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,800 shares of the real estate investment trust’s stock after buying an additional 700 shares during the period. Daiwa Securities Group Inc.’s holdings in Select Income REIT were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Select Income REIT by 3.2% in the first quarter. Vanguard Group Inc. now owns 11,650,458 shares of the real estate investment trust’s stock worth $300,466,000 after buying an additional 364,408 shares during the last quarter. BlackRock Inc. increased its position in shares of Select Income REIT by 5,038.0% in the first quarter. BlackRock Inc. now owns 5,406,092 shares of the real estate investment trust’s stock worth $139,422,000 after buying an additional 5,300,875 shares during the last quarter. State Street Corp increased its position in shares of Select Income REIT by 6.3% in the first quarter. State Street Corp now owns 1,482,356 shares of the real estate investment trust’s stock worth $38,228,000 after buying an additional 87,328 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Select Income REIT by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 974,394 shares of the real estate investment trust’s stock worth $25,129,000 after buying an additional 26,366 shares during the last quarter. Finally, American Century Companies Inc. increased its position 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 worth $23,038,000 after buying an additional 82,689 shares during the last quarter. Hedge funds and other institutional investors own 48.66% of the company’s stock.

Select Income REIT (NASDAQ:SIR) opened at 23.02 on Monday. Select Income REIT has a one year low of $22.51 and a one year high of $27.88.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. During the same period in the previous year, the company earned $0.72 EPS. On average, equities analysts predict that Select Income REIT will post $1.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, July 24th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 8.86%. The ex-dividend date of this dividend was Thursday, July 20th. Select Income REIT’s payout ratio is currently 210.31%.

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A number of equities analysts have commented on SIR shares. BidaskClub upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, July 7th.

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

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