Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Select Income REIT (SIR) Share Price
Press coverage about Select Income REIT (NASDAQ:SIR) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Select Income REIT earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.3033246789034 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Select Income REIT (NASDAQ SIR) traded up $0.07 during mid-day trading on Thursday, reaching $25.42. 244,208 shares of the company traded hands, compared to its average volume of 275,364. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $26.79. The company has a market cap of $2,270.00, a P/E ratio of 9.47 and a beta of 0.79. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21.
Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The firm had revenue of $118.01 million for the quarter, compared to the consensus estimate of $116.73 million. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts predict that Select Income REIT will post 2.7 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.03%. The ex-dividend date is Friday, October 20th. Select Income REIT’s dividend payout ratio is currently 204.00%.
A number of equities analysts have recently commented on SIR shares. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank AG raised their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Thursday, October 26th. FBR & Co reaffirmed a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a report on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Select Income REIT currently has a consensus rating of “Buy” and a consensus target price of $22.17.
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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