Select Income REIT (NASDAQ:SIR)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.62 and last traded at $18.90, with a volume of 701300 shares. The stock had previously closed at $18.90.
SIR has been the topic of a number of research reports. Zacks Investment Research raised Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, December 6th. BidaskClub downgraded Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Morgan Stanley cut their price target on Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Finally, B. Riley reiterated a “buy” rating on shares of Select Income REIT in a report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Select Income REIT currently has a consensus rating of “Hold” and a consensus price target of $23.92.
The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 1.55. The stock has a market cap of $1,723.52, a price-to-earnings ratio of 25.20 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th were issued a $0.51 dividend. The ex-dividend date was Friday, January 26th. This represents a $2.04 annualized dividend and a yield of 10.79%. Select Income REIT’s dividend payout ratio (DPR) is presently 272.00%.
Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Select Income REIT by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 997,435 shares of the real estate investment trust’s stock valued at $23,968,000 after purchasing an additional 23,041 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Select Income REIT by 29.2% in the second quarter. Voya Investment Management LLC now owns 27,590 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 6,228 shares in the last quarter. State Street Corp boosted its holdings in shares of Select Income REIT by 5.6% in the second quarter. State Street Corp now owns 1,565,702 shares of the real estate investment trust’s stock valued at $37,624,000 after acquiring an additional 83,346 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Select Income REIT by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 50,107 shares of the real estate investment trust’s stock valued at $1,204,000 after acquiring an additional 588 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Select Income REIT by 17.6% in the third quarter. Aperio Group LLC now owns 21,437 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 3,212 shares in the last quarter. Institutional investors own 47.75% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Select Income REIT (SIR) Sets New 1-Year Low at $18.62” was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3225952/select-income-reit-sir-sets-new-1-year-low-at-18-62.html.
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.
Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.