Select Income REIT (SIR) Receives $26.00 Consensus Price Target from Brokerages

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Select Income REIT (NASDAQ:SIR) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several equities research analysts recently issued reports on SIR shares. ValuEngine cut shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, December 28th. BidaskClub lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Finally, Zacks Investment Research lowered shares of Select Income REIT from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

A number of hedge funds and other institutional investors have recently bought and sold shares of SIR. Csenge Advisory Group purchased a new position in Select Income REIT in the third quarter valued at approximately $35,000. Capital Investment Advisory Services LLC purchased a new position in Select Income REIT in the fourth quarter valued at approximately $35,000. Caption Management LLC purchased a new position in Select Income REIT in the fourth quarter valued at approximately $59,000. Amalgamated Bank purchased a new position in Select Income REIT in the fourth quarter valued at approximately $86,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Select Income REIT in the fourth quarter valued at approximately $89,000. Hedge funds and other institutional investors own 50.06% of the company’s stock.

SIR opened at $7.36 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 1.71. Select Income REIT has a 1 year low of $6.87 and a 1 year high of $25.18. The company has a market capitalization of $659.09 million, a P/E ratio of 2.65, a P/E/G ratio of 1.12 and a beta of 0.88.

Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, ILPT, properties that are primarily net leased to single tenants. As of September 30, 2018, our consolidated portfolio included 368 buildings, leasable land parcels and easements with approximately 45.8 million rentable square feet located in 36 states.

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