Select Income REIT (NASDAQ:SIR) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other research analysts have also issued research reports about the company. TheStreet lowered Select Income REIT from a “b-” rating to a “c” rating in a report on Tuesday, August 7th. Zacks Investment Research lowered Select Income REIT from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, BidaskClub lowered Select Income REIT from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.92.

Shares of SIR stock opened at $20.06 on Tuesday. Select Income REIT has a 1-year low of $17.90 and a 1-year high of $26.26. The firm has a market cap of $1.84 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 3.40 and a beta of 0.77. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.87.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.49). Select Income REIT had a return on equity of 3.55% and a net margin of 16.59%. The business had revenue of $116.00 million for the quarter, compared to analyst estimates of $118.56 million. During the same period in the prior year, the company earned $0.70 EPS. The company’s revenue was up .1% on a year-over-year basis. equities analysts predict that Select Income REIT will post 2.21 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Garner Asset Management Corp grew its holdings in Select Income REIT by 3.5% in the second quarter. Garner Asset Management Corp now owns 253,622 shares of the real estate investment trust’s stock valued at $5,699,000 after purchasing an additional 8,514 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Select Income REIT by 32.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,008,874 shares of the real estate investment trust’s stock valued at $19,653,000 after purchasing an additional 245,029 shares during the last quarter. Northern Trust Corp grew its holdings in Select Income REIT by 3.7% in the first quarter. Northern Trust Corp now owns 1,755,648 shares of the real estate investment trust’s stock valued at $34,200,000 after purchasing an additional 62,274 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Select Income REIT in the second quarter valued at $126,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Select Income REIT by 13.9% during the first quarter. Nuveen Asset Management LLC now owns 76,803 shares of the real estate investment trust’s stock valued at $1,496,000 after acquiring an additional 9,351 shares during the last quarter. 49.02% of the stock is currently owned by institutional investors.

Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

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Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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