Asset Management One Co. Ltd. boosted its holdings in Select Income REIT (NASDAQ:SIR) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,057 shares of the real estate investment trust’s stock after acquiring an additional 2,926 shares during the quarter. Asset Management One Co. Ltd. owned about 0.23% of Select Income REIT worth $4,869,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SIR. Dimensional Fund Advisors LP increased its stake in Select Income REIT by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,031,624 shares of the real estate investment trust’s stock worth $24,161,000 after purchasing an additional 34,189 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Select Income REIT by 61.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 668,556 shares of the real estate investment trust’s stock worth $15,658,000 after purchasing an additional 253,513 shares in the last quarter. Citadel Advisors LLC increased its stake in Select Income REIT by 21.8% in the 3rd quarter. Citadel Advisors LLC now owns 196,036 shares of the real estate investment trust’s stock worth $4,591,000 after purchasing an additional 35,060 shares in the last quarter. Schroder Investment Management Group purchased a new position in Select Income REIT in the 3rd quarter worth about $185,000. Finally, Legal & General Group Plc increased its stake in Select Income REIT by 5.7% in the 3rd quarter. Legal & General Group Plc now owns 181,891 shares of the real estate investment trust’s stock worth $4,260,000 after purchasing an additional 9,812 shares in the last quarter. Hedge funds and other institutional investors own 48.07% of the company’s stock.

Select Income REIT (NASDAQ SIR) opened at $25.04 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. Select Income REIT has a 12 month low of $22.51 and a 12 month high of $26.79. The firm has a market capitalization of $2,296.25, a PE ratio of 9.57 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The business had revenue of $118.01 million for the quarter, compared to analysts’ expectations of $116.73 million. During the same period last year, the firm earned $0.69 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. equities research analysts forecast that Select Income REIT will post 2.68 earnings per share for the current year.

A number of equities analysts recently weighed in on the company. BidaskClub cut Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut Select Income REIT from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. B. Riley reissued a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. FBR & Co reissued a “buy” rating and issued a $34.00 price target on shares of Select Income REIT in a research note on Friday, October 27th. Finally, Deutsche Bank lifted their price target on Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.83.

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Select Income REIT Company Profile

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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