Global X Management Co. LLC boosted its stake in shares of Select Income REIT (NASDAQ:SIR) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 348,303 shares of the real estate investment trust’s stock after buying an additional 15,785 shares during the period. Global X Management Co. LLC’s holdings in Select Income REIT were worth $8,370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SIR. Daiwa Securities Group Inc. raised its stake in shares of Select Income REIT by 13.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 700 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Select Income REIT by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 72,930 shares of the real estate investment trust’s stock valued at $1,881,000 after buying an additional 709 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Select Income REIT by 2.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 41,440 shares of the real estate investment trust’s stock valued at $1,069,000 after buying an additional 800 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Select Income REIT by 3.7% in the first quarter. BNP Paribas Arbitrage SA now owns 26,393 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 934 shares during the period. Finally, Bridgeworth LLC raised its stake in shares of Select Income REIT by 6.3% in the first quarter. Bridgeworth LLC now owns 16,240 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 969 shares during the period. Institutional investors own 49.01% of the company’s stock.

Shares of Select Income REIT (NASDAQ:SIR) opened at 22.90 on Friday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 23.85 and a beta of 0.73. Select Income REIT has a 12 month low of $22.77 and a 12 month high of $27.88. The stock has a 50 day moving average of $23.77 and a 200 day moving average of $24.82.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. During the same period last year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Select Income REIT will post $1.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, July 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.91%. Select Income REIT’s dividend payout ratio (DPR) is presently 210.31%.

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Several brokerages have recently issued reports on SIR. Zacks Investment Research lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th.

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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