Select Income REIT (SIR) – Research Analysts’ Recent Ratings Changes

Select Income REIT (NASDAQ: SIR) has recently received a number of price target changes and ratings updates:

  • 6/6/2018 – Select Income REIT was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/1/2018 – Select Income REIT was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/29/2018 – Select Income REIT was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 5/24/2018 – Select Income REIT was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/18/2018 – Select Income REIT was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/8/2018 – Select Income REIT was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/3/2018 – Select Income REIT was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/2/2018 – Select Income REIT was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/2/2018 – Select Income REIT had its price target lowered by analysts at B. Riley from $31.00 to $28.00. They now have a “buy” rating on the stock.
  • 4/24/2018 – Select Income REIT was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/19/2018 – Select Income REIT had its price target lowered by analysts at Morgan Stanley from $22.00 to $19.00. They now have an “underweight” rating on the stock.

Shares of Select Income REIT traded up $0.29, hitting $21.48, during trading on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 14,336 shares, compared to its average volume of 376,400. Select Income REIT has a 12 month low of $17.90 and a 12 month high of $26.26. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.91 billion, a PE ratio of 7.73 and a beta of 0.82.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Select Income REIT had a net margin of 19.76% and a return on equity of 4.41%. The firm had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $115.93 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. analysts expect that Select Income REIT will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, April 30th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 9.50%. The ex-dividend date of this dividend was Friday, April 27th. Select Income REIT’s dividend payout ratio (DPR) is presently 73.38%.

Large investors have recently modified their holdings of the company. Whittier Trust Co. bought a new position in shares of Select Income REIT in the 1st quarter worth approximately $175,000. BB&T Securities LLC bought a new position in shares of Select Income REIT in the 4th quarter worth approximately $211,000. Amalgamated Bank bought a new position in shares of Select Income REIT in the 4th quarter worth approximately $214,000. SG Americas Securities LLC lifted its stake in shares of Select Income REIT by 61.7% in the 1st quarter. SG Americas Securities LLC now owns 12,207 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 4,659 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Select Income REIT by 31.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 13,577 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 3,211 shares during the period. Hedge funds and other institutional investors own 47.83% of the company’s stock.

SIR is a real estate investment trust, or REIT, which owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily leased to single tenants. As of March 31, 2018, our consolidated portfolio included 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states.

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