Swiss National Bank Has $2,653,000 Holdings in Select Income REIT (SIR)
Swiss National Bank held its position in Select Income REIT (NASDAQ:SIR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,400 shares of the real estate investment trust’s stock at the end of the second quarter. Swiss National Bank owned 0.12% of Select Income REIT worth $2,653,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in 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 valued at $139,422,000 after buying an additional 5,300,875 shares during the last quarter. Ranger Global Real Estate Advisors LLC bought a new stake in Select Income REIT in the first quarter valued at $9,582,000. Vanguard Group Inc. lifted its stake in 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 valued at $300,466,000 after buying an additional 364,408 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Select Income REIT by 48.8% in the first quarter. Ameriprise Financial Inc. now owns 545,630 shares of the real estate investment trust’s stock valued at $14,045,000 after buying an additional 178,979 shares during the last quarter. Finally, Foundry Partners LLC bought a new stake in Select Income REIT in the second quarter valued at $3,866,000. 48.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Select Income REIT (SIR) opened at 23.42 on Friday. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $27.87.
Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. The company had revenue of $115.87 million during the quarter, compared to the consensus estimate of $117.21 million. During the same quarter last year, the company earned $0.72 earnings per share. Equities analysts anticipate that Select Income REIT will post $0.99 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research cut Select Income REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th.
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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