Select Income REIT (SIR) Holdings Decreased by Hillcrest Asset Management LLC
Hillcrest Asset Management LLC lessened its holdings in shares of Select Income REIT (NASDAQ:SIR) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 317,809 shares of the real estate investment trust’s stock after selling 323 shares during the quarter. Hillcrest Asset Management LLC’s holdings in Select Income REIT were worth $7,637,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SIR. Sei Investments Co. lifted its stake in shares of Select Income REIT by 3,984.2% during the 2nd quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 4,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Select Income REIT by 15.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 575 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Select Income REIT during the 2nd quarter worth $123,000. Daiwa Securities Group Inc. lifted its stake in shares of Select Income REIT by 13.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 700 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Select Income REIT during the 1st quarter worth $141,000. 48.23% of the stock is currently owned by institutional investors.
Shares of Select Income REIT (SIR) traded up 0.61% on Friday, hitting $24.62. The company had a trading volume of 159,056 shares. The company has a 50 day moving average of $23.48 and a 200-day moving average of $24.13. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 25.65 and a beta of 0.74. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $26.79.
Select Income REIT (NASDAQ:SIR) last issued its 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). The company had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. During the same period last year, the business earned $0.72 EPS. On average, analysts forecast that Select Income REIT will post $0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd 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 8.29%. The ex-dividend date of this dividend is Friday, October 20th. Select Income REIT’s dividend payout ratio (DPR) is currently 210.31%.
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SIR has been the topic of a number of recent analyst reports. BidaskClub lowered Select Income REIT from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th.
Select Income REIT 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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