Select Income REIT (SIR) Upgraded at BidaskClub

BidaskClub upgraded shares of Select Income REIT (NASDAQ:SIR) from a hold rating to a buy rating in a research report released on Thursday.

Separately, Zacks Investment Research cut Select Income REIT from a hold rating to a sell rating in a research report on Thursday, April 13th.

Shares of Select Income REIT (SIR) opened at 24.90 on Thursday. The stock has a 50 day moving average of $24.32 and a 200 day moving average of $25.17. Select Income REIT has a 1-year low of $23.25 and a 1-year high of $27.97. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 24.65 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.73 by $0.14. Select Income REIT had a net margin of 19.58% and a return on equity of 4.34%. The business had revenue of $116.29 million for the quarter, compared to analysts’ expectations of $116.50 million. During the same period last year, the business earned $0.74 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that Select Income REIT will post $1.23 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Select Income REIT by 5,038.0% in the first quarter. BlackRock Inc. now owns 5,406,092 shares of the real estate investment trust’s stock valued at $139,422,000 after buying an additional 5,300,875 shares during the period. Norges Bank acquired a new stake in Select Income REIT during the fourth quarter valued at approximately $19,311,000. Numeric Investors LLC boosted its stake in Select Income REIT by 189.7% in the fourth quarter. Numeric Investors LLC now owns 1,137,247 shares of the real estate investment trust’s stock valued at $28,659,000 after buying an additional 744,658 shares during the period. Ranger Global Real Estate Advisors LLC acquired a new stake in Select Income REIT during the first quarter valued at approximately $9,582,000. Finally, Vanguard Group Inc. boosted its stake in Select Income REIT by 3.2% in the first quarter. Vanguard Group Inc. now owns 11,650,458 shares of the real estate investment trust’s stock valued at $300,466,000 after buying an additional 364,408 shares during the period. 49.03% of the stock is currently owned by institutional investors.

About Select Income REIT

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SIR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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