Select Income REIT (NASDAQ:SIR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, January 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 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. Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, FBR & Co reissued a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Select Income REIT has a consensus rating of “Hold” and a consensus target price of $23.92.

Select Income REIT (SIR) remained flat at $$20.11 during trading on Tuesday. The company’s stock had a trading volume of 389,974 shares, compared to its average volume of 364,392. Select Income REIT has a 1 year low of $19.41 and a 1 year high of $26.79. The stock has a market cap of $1,825.54, a PE ratio of 20.11 and a beta of 0.66. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Capital Management LLC boosted its holdings in shares of Select Income REIT by 32.3% in the 3rd quarter. Northern Capital Management LLC now owns 140,900 shares of the real estate investment trust’s stock valued at $3,300,000 after buying an additional 34,405 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Select Income REIT in the 3rd quarter valued at about $331,000. Boulegeris Investments Inc. boosted its holdings in shares of Select Income REIT by 3.9% in the 3rd quarter. Boulegeris Investments Inc. now owns 162,375 shares of the real estate investment trust’s stock valued at $3,803,000 after buying an additional 6,100 shares during the period. Garner Asset Management Corp boosted its holdings in shares of Select Income REIT by 27.4% in the 3rd quarter. Garner Asset Management Corp now owns 108,419 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 23,312 shares during the period. Finally, TIAA FSB boosted its holdings in shares of Select Income REIT by 7.6% in the 3rd quarter. TIAA FSB now owns 152,881 shares of the real estate investment trust’s stock valued at $3,580,000 after buying an additional 10,791 shares during the period. 47.80% of the stock is owned by institutional investors and hedge funds.

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Select Income REIT Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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