Two Sigma Advisers LP Boosts Stake in Select Income REIT (SIR)

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Two Sigma Advisers LP increased its holdings in Select Income REIT (NASDAQ:SIR) by 33.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 106,300 shares of the real estate investment trust’s stock after buying an additional 26,700 shares during the period. Two Sigma Advisers LP’s holdings in Select Income REIT were worth $782,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group acquired a new position in Select Income REIT during the 3rd quarter valued at about $35,000. Principal Financial Group Inc. boosted its stake in Select Income REIT by 23.3% during the 4th quarter. Principal Financial Group Inc. now owns 12,098 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 2,287 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Select Income REIT by 11.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 27,657 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 2,771 shares during the period. Teachers Advisors LLC boosted its stake in Select Income REIT by 2.9% during the 3rd quarter. Teachers Advisors LLC now owns 133,391 shares of the real estate investment trust’s stock valued at $2,927,000 after purchasing an additional 3,745 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Select Income REIT by 31.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 17,612 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 4,170 shares during the period. 50.06% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Select Income REIT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine lowered shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, December 28th. Finally, BidaskClub lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

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

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

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