Allianz Asset Management GmbH Has $1.50 Million Position in Select Income REIT (SIR)

Allianz Asset Management GmbH decreased its position in shares of Select Income REIT (NASDAQ:SIR) by 45.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,713 shares of the real estate investment trust’s stock after selling 50,623 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.07% of Select Income REIT worth $1,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SIR. First Allied Advisory Services Inc. lifted its stake in Select Income REIT by 9.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 23,148 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 1,992 shares in the last quarter. Strs Ohio lifted its stake in Select Income REIT by 2.3% in the 4th quarter. Strs Ohio now owns 100,071 shares of the real estate investment trust’s stock worth $2,514,000 after purchasing an additional 2,232 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Select Income REIT by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 208,057 shares of the real estate investment trust’s stock worth $4,869,000 after purchasing an additional 2,926 shares in the last quarter. American International Group Inc. lifted its stake in Select Income REIT by 8.1% in the 3rd quarter. American International Group Inc. now owns 42,477 shares of the real estate investment trust’s stock worth $995,000 after purchasing an additional 3,176 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Select Income REIT by 17.6% in the 3rd quarter. Aperio Group LLC now owns 21,437 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 3,212 shares in the last quarter. Institutional investors own 49.78% of the company’s stock.

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SIR has been the topic of several research analyst reports. ValuEngine cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, December 6th. Morgan Stanley decreased their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, February 5th. BidaskClub cut shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Finally, B. Riley decreased their target price on shares of Select Income REIT from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.92.

Shares of Select Income REIT stock opened at $18.41 on Friday. 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 $1,683.25, a PE ratio of 24.55 and a beta of 0.82. Select Income REIT has a 1 year low of $17.90 and a 1 year high of $26.79.

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

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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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