Select Income REIT (NASDAQ:SIR) Earns Daily News Sentiment Score of 0.56
Press coverage about Select Income REIT (NASDAQ:SIR) has been trending very positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Select Income REIT earned a news sentiment score of 0.56 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Wall Street Consensus Watch on Select Income REIT (NYSE:SIR) – Evergreen Caller (evergreencaller.com)
- Select Income REIT (SIR) Declares $0.51 Quarterly Dividend; 8.7% Yield (streetinsider.com)
- Select Income REIT Second Quarter 2017 Conference Call Scheduled for Tuesday, July 25th (finance.yahoo.com)
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Friday, July 7th. BidaskClub downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.
Select Income REIT (NASDAQ SIR) opened at 23.75 on Monday. Select Income REIT has a 1-year low of $23.15 and a 1-year high of $27.97.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.14. Select Income REIT had a return on equity of 4.34% and a net margin of 19.58%. The company had revenue of $116.29 million for the quarter, compared to analyst estimates of $116.50 million. During the same period in the previous year, the business posted $0.74 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Select Income REIT will post $1.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date is Thursday, July 20th. Select Income REIT’s dividend payout ratio is currently 201.98%.
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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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