Teachers Insurance & Annuity Association of America lifted its holdings in Select Income REIT (NASDAQ:SIR) by 19.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,771 shares of the real estate investment trust’s stock after purchasing an additional 13,297 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.09% of Select Income REIT worth $1,612,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SIR. 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 stake in Select Income REIT during the 4th quarter worth approximately $211,000. Amalgamated Bank bought a new stake in Select Income REIT during the 4th quarter worth approximately $214,000. Lourd Capital LLC bought a new stake in Select Income REIT during the 4th quarter worth approximately $218,000. Finally, SG Americas Securities LLC raised its stake in Select Income REIT by 61.7% during the 1st quarter. SG Americas Securities LLC now owns 12,207 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 4,659 shares during the period. Hedge funds and other institutional investors own 49.48% of the company’s stock.
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A number of research firms have commented on SIR. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. ValuEngine cut shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. B. Riley decreased their target price on shares of Select Income REIT from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, May 2nd. Finally, Royal Bank of Canada set a $25.00 target price on shares of Select Income REIT and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.92.
Select Income REIT opened at $20.14 on Friday, Marketbeat.com reports. The company has a market cap of $1.81 billion, a PE ratio of 7.51 and a beta of 0.77. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.84. Select Income REIT has a 1 year low of $20.05 and a 1 year high of $20.43.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $115.93 million. Select Income REIT had a net margin of 19.76% and a return on equity of 4.41%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. analysts anticipate that Select Income REIT will post 2.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, April 30th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 10.13%. The ex-dividend date was Friday, April 27th. Select Income REIT’s payout ratio is currently 73.38%.
Select Income REIT Company Profile
SIR is a real estate investment trust, or REIT, which owns properties that are primarily leased to single tenants. As of December 31, 2017, we owned 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states. As of December 31, 2017, our subsidiary, Industrial Logistics Properties Trust, or ILPT, owned 266 of our buildings, leasable land parcels and easements with approximately 28.5 million rentable square feet, including 226 buildings, leasable land parcels and easements with approximately 16.8 million rentable square feet which are primarily leasable industrial and commercial lands located in Hawaii.
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