Select Income REIT (NASDAQ:SIR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other brokerages have also weighed in on SIR. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Deutsche Bank raised their target price on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a research report on Thursday, October 26th. FBR & Co restated a “buy” rating and issued a $34.00 target price on shares of Select Income REIT in a research report on Friday, October 27th. Finally, B. Riley restated a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.83.

Shares of Select Income REIT (NASDAQ SIR) opened at $25.25 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2,259.56, a P/E ratio of 9.42 and a beta of 0.77. Select Income REIT has a 52-week low of $22.51 and a 52-week high of $26.79.

Select Income REIT (NASDAQ:SIR) last posted 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 Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. The firm had revenue of $118.01 million for the quarter, compared to analyst estimates of $116.73 million. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 2.6% on a year-over-year basis. analysts forecast that Select Income REIT will post 2.7 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of SIR. Schwab Charles Investment Management Inc. boosted its position in Select Income REIT by 61.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 668,556 shares of the real estate investment trust’s stock valued at $15,658,000 after buying an additional 253,513 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Select Income REIT during the second quarter valued at $3,866,000. TIAA FSB bought a new position in shares of Select Income REIT during the second quarter valued at $3,415,000. Citadel Advisors LLC raised its stake in shares of Select Income REIT by 354.4% during the second quarter. Citadel Advisors LLC now owns 160,976 shares of the real estate investment trust’s stock valued at $3,868,000 after acquiring an additional 125,553 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Select Income REIT by 7.5% during the second quarter. Northern Trust Corp now owns 1,693,476 shares of the real estate investment trust’s stock valued at $40,694,000 after acquiring an additional 118,408 shares during the last quarter. Hedge funds and other institutional investors own 48.07% of the company’s stock.

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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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