SG Americas Securities LLC raised its position in Select Income REIT (NASDAQ:SIR) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,786 shares of the real estate investment trust’s stock after buying an additional 3,441 shares during the quarter. SG Americas Securities LLC’s holdings in Select Income REIT were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in shares of Select Income REIT by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 753,163 shares of the real estate investment trust’s stock valued at $17,638,000 after purchasing an additional 7,425 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in Select Income REIT by 5.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 366,833 shares of the real estate investment trust’s stock worth $8,591,000 after buying an additional 18,530 shares in the last quarter. IndexIQ Advisors LLC purchased a new position in Select Income REIT during the third quarter worth about $1,802,000. Cullen Frost Bankers Inc. grew its position in Select Income REIT by 76.4% during the third quarter. Cullen Frost Bankers Inc. now owns 14,800 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 6,410 shares in the last quarter. Finally, Forsta AP Fonden grew its position in Select Income REIT by 84.4% during the third quarter. Forsta AP Fonden now owns 76,900 shares of the real estate investment trust’s stock worth $1,801,000 after buying an additional 35,200 shares in the last quarter. Hedge funds and other institutional investors own 48.07% of the company’s stock.

Shares of Select Income REIT (NASDAQ SIR) opened at $25.66 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. Select Income REIT has a 52 week low of $22.51 and a 52 week high of $26.79. The stock has a market capitalization of $2,296.24, a PE ratio of 9.57 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last issued 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 the consensus estimate of $116.73 million. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts forecast that Select Income REIT will post 2.68 EPS for the current year.

SIR has been the subject of several recent analyst reports. Deutsche Bank boosted their target price on Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. FBR & Co restated a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a research report on Friday, October 27th. Finally, BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.83.

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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.

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

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