Select Income REIT (SIR) Lowered to Hold at ValuEngine
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.
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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.
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