Garner Asset Management Corp bought a new stake in shares of Select Income REIT (NASDAQ:SIR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 85,107 shares of the real estate investment trust’s stock, valued at approximately $2,045,000. Select Income REIT accounts for about 1.9% of Garner Asset Management Corp’s portfolio, making the stock its 5th largest position.

Several other large investors have also bought and sold shares of SIR. ProShare Advisors LLC grew its position in shares of Select Income REIT by 317.1% during the 1st quarter. ProShare Advisors LLC now owns 42,507 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 32,317 shares during the period. Wells Fargo & Company MN grew its position in shares of Select Income REIT by 13.7% during the 1st quarter. Wells Fargo & Company MN now owns 224,044 shares of the real estate investment trust’s stock valued at $5,777,000 after acquiring an additional 26,937 shares during the period. Bank of New York Mellon Corp grew its position in shares of Select Income REIT by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 734,875 shares of the real estate investment trust’s stock valued at $18,953,000 after acquiring an additional 29,183 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Select Income REIT by 3.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 26,393 shares of the real estate investment trust’s stock valued at $681,000 after acquiring an additional 934 shares during the period. Finally, Swiss National Bank grew its position in shares of Select Income REIT by 2.6% during the 1st quarter. Swiss National Bank now owns 110,400 shares of the real estate investment trust’s stock valued at $2,847,000 after acquiring an additional 2,800 shares during the period. Hedge funds and other institutional investors own 48.23% of the company’s stock.

SIR has been the topic of a number of analyst reports. Zacks Investment Research cut Select Income REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.

Select Income REIT (NASDAQ:SIR) traded up 0.09% during midday trading on Friday, hitting $23.42. The stock had a trading volume of 196,306 shares. Select Income REIT has a 12 month low of $22.51 and a 12 month high of $27.87.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. The firm had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. During the same quarter last year, the firm earned $0.72 earnings per share. Equities research analysts forecast that Select Income REIT will post $0.99 EPS for the current 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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