Select Income REIT (NASDAQ:SIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Separately, BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.

Shares of Select Income REIT (NASDAQ SIR) opened at 23.34 on Tuesday. The company’s 50 day moving average price is $23.33 and its 200-day moving average price is $24.56. The firm has a market capitalization of $2.09 billion, a P/E ratio of 24.31 and a beta of 0.73. Select Income REIT has a 12 month low of $22.51 and a 12 month high of $27.88.

Select Income REIT (NASDAQ:SIR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The business had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, equities analysts predict that Select Income REIT will post $1.04 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in Select Income REIT by 37.8% during the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,400 shares during the last quarter. Bridgeworth LLC increased its stake in Select Income REIT by 6.3% during the first quarter. Bridgeworth LLC now owns 16,240 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 969 shares during the last quarter. Swiss National Bank increased its stake in Select Income REIT by 2.6% during the first quarter. Swiss National Bank now owns 110,400 shares of the real estate investment trust’s stock worth $2,847,000 after acquiring an additional 2,800 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Select Income REIT by 40.7% during the first quarter. Asset Management One Co. Ltd. now owns 199,934 shares of the real estate investment trust’s stock worth $5,114,000 after acquiring an additional 57,802 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Select Income REIT by 1.0% during the first quarter. Public Employees Retirement System of Ohio now owns 72,930 shares of the real estate investment trust’s stock worth $1,881,000 after acquiring an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 48.38% of the company’s stock.

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.

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