Select Income REIT (NASDAQ:SIR) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 967,537 shares, a growth of 54.7% from the July 31st total of 625,408 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 361,746 shares, the short-interest ratio is currently 2.7 days.

Several hedge funds have recently made changes to their positions in SIR. AdvisorNet Financial Inc grew its stake in Select Income REIT by 32.7% during the second quarter. AdvisorNet Financial Inc now owns 10,317 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,542 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Select Income REIT by 4.5% during the first quarter. Allianz Asset Management GmbH now owns 62,429 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 2,716 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Select Income REIT by 31.0% during the first quarter. Great West Life Assurance Co. Can now owns 13,577 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 3,211 shares in the last quarter. Aperio Group LLC grew its stake in Select Income REIT by 10.1% during the first quarter. Aperio Group LLC now owns 37,242 shares of the real estate investment trust’s stock valued at $725,000 after acquiring an additional 3,423 shares in the last quarter. Finally, Boulegeris Investments Inc. grew its stake in Select Income REIT by 1.9% during the second quarter. Boulegeris Investments Inc. now owns 185,844 shares of the real estate investment trust’s stock valued at $4,176,000 after acquiring an additional 3,514 shares in the last quarter. Hedge funds and other institutional investors own 49.02% of the company’s stock.

SIR has been the topic of several recent analyst reports. ValuEngine downgraded shares of Select Income REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. B. Riley decreased their price objective on shares of Select Income REIT from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 2nd. BidaskClub upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, TheStreet upgraded shares of Select Income REIT from a “c” rating to a “b-” rating in a research report on Tuesday, May 29th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Select Income REIT presently has a consensus rating of “Hold” and a consensus target price of $22.92.

Shares of SIR stock opened at $21.22 on Wednesday. The firm has a market cap of $1.90 billion, a PE ratio of 7.63, a PEG ratio of 3.12 and a beta of 0.85. Select Income REIT has a one year low of $17.90 and a one year high of $26.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.62 and a current ratio of 1.62.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.49). The firm had revenue of $116.00 million for the quarter, compared to the consensus estimate of $118.56 million. Select Income REIT had a net margin of 16.59% and a return on equity of 3.55%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. equities analysts forecast that Select Income REIT will post 2.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Monday, July 30th were given a dividend of $0.51 per share. The ex-dividend date was Friday, July 27th. This represents a $2.04 annualized dividend and a dividend yield of 9.61%. Select Income REIT’s payout ratio is 73.38%.

Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

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