Select Income REIT (SIR) Shares Bought by QS Investors LLC

QS Investors LLC raised its stake in Select Income REIT (NASDAQ:SIR) by 8.0% in the 4th quarter, HoldingsChannel reports. The firm owned 35,026 shares of the real estate investment trust’s stock after acquiring an additional 2,604 shares during the quarter. QS Investors LLC’s holdings in Select Income REIT were worth $880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group bought a new stake in Select Income REIT in the third quarter valued at $185,000. Great West Life Assurance Co. Can increased its position in shares of Select Income REIT by 68.4% during the third quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 3,697 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Select Income REIT during the fourth quarter worth about $214,000. Lourd Capital LLC bought a new stake in shares of Select Income REIT during the fourth quarter worth about $218,000. Finally, First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Select Income REIT during the fourth quarter worth about $251,000. 49.78% of the stock is owned by hedge funds and other institutional investors.

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Shares of SIR stock opened at $18.41 on Friday. Select Income REIT has a 52-week low of $17.90 and a 52-week high of $26.79. The company has a debt-to-equity ratio of 1.55, a current ratio of 7.76 and a quick ratio of 7.76. The stock has a market cap of $1,683.25, a PE ratio of 7.10 and a beta of 0.82.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.30). Select Income REIT had a return on equity of 3.31% and a net margin of 14.29%. The firm had revenue of $117.90 million during the quarter, compared to the consensus estimate of $117.78 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. equities analysts predict that Select Income REIT will post 2.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend was Friday, January 26th. Select Income REIT’s payout ratio is 272.00%.

Several research firms have recently commented on SIR. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. 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 report on Tuesday, February 6th. BidaskClub downgraded shares of Select Income REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. ValuEngine downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley decreased their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.92.

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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.

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Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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