State Board of Administration of Florida Retirement System purchased a new position in Select Income REIT (NYSE:SIR) during the second quarter, Holdings Channel reports. The institutional investor purchased 51,667 shares of the real estate investment trust’s stock, valued at approximately $1,343,000.

Several other institutional investors also recently modified their holdings of SIR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Select Income REIT by 8.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,250 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 800 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Select Income REIT during the second quarter worth $274,000. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Select Income REIT by 5.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 12,156 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 598 shares during the period. IFC Holdings Incorporated FL increased its position in shares of Select Income REIT by 11.2% in the second quarter. IFC Holdings Incorporated FL now owns 13,826 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 1,396 shares during the period. Finally, AMP Capital Investors Ltd increased its position in shares of Select Income REIT by 79.5% in the first quarter. AMP Capital Investors Ltd now owns 18,966 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 8,400 shares during the period.

Shares of Select Income REIT (NYSE:SIR) traded up 0.15% during midday trading on Friday, hitting $26.21. The stock had a trading volume of 354,226 shares. Select Income REIT has a 12 month low of $17.07 and a 12 month high of $27.97. The stock’s 50 day moving average price is $27.03 and its 200 day moving average price is $24.87.

Select Income REIT (NYSE:SIR) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.36. The company had revenue of $114.90 million for the quarter, compared to the consensus estimate of $114.80 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Select Income REIT’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Select Income REIT will post $1.41 earnings per share for the current year.

A number of brokerages recently weighed in on SIR. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. JMP Securities raised shares of Select Income REIT from a “market perform” rating to an “outperform” rating in a report on Monday, August 22nd. Finally, FBR & Co began coverage on shares of Select Income REIT in a report on Monday, August 22nd. They set an “outperform” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.67.

About Select Income REIT

Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet.

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