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

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. “

A number of other equities research analysts have also weighed in on SIR. B. Riley reiterated a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. BidaskClub lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a report on Tuesday. FBR & Co reiterated a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a report on Friday, October 27th. Finally, Deutsche Bank lifted their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.

Shares of Select Income REIT (NASDAQ SIR) opened at $23.45 on Friday. The stock has a market cap of $2,100.00, a PE ratio of 23.45 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 has a twelve month low of $22.51 and a twelve month high of $26.79.

Select Income REIT (NASDAQ:SIR) last released its 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). The firm had revenue of $118.01 million during the quarter, compared to the consensus estimate of $116.73 million. Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. Select Income REIT’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. research analysts expect that Select Income REIT will post 2.68 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in Select Income REIT by 3,984.2% during the 2nd quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 4,024 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Select Income REIT by 15.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 575 shares in the last quarter. Schroder Investment Management Group bought a new stake in Select Income REIT during the 3rd quarter valued at about $185,000. Great West Life Assurance Co. Can lifted its holdings in Select Income REIT by 68.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 3,697 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in Select Income REIT by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 191 shares in the last quarter. 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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