Virginia Retirement Systems ET AL lessened its position in Select Income REIT (NASDAQ:SIR) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,300 shares of the real estate investment trust’s stock after selling 19,200 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.17% of Select Income REIT worth $3,614,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of SIR. Sei Investments Co. increased its position in shares of Select Income REIT by 3,984.2% during the second quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 4,024 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Select Income REIT by 15.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 575 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Select Income REIT during the second quarter worth $123,000. Daiwa Securities Group Inc. increased its position in shares of Select Income REIT by 13.7% during the second quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 700 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Select Income REIT by 68.4% during the third quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 3,697 shares in the last quarter. 48.12% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. Deutsche Bank increased their target price on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. FBR & Co restated a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a report on Friday, October 27th. BidaskClub upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, B. Riley restated a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.17.

Select Income REIT (NASDAQ:SIR) opened at $25.30 on Friday. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $26.79. The company has a market cap of $2,245.24, a price-to-earnings ratio of 9.36 and a beta of 0.77. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21.

Select Income REIT (NASDAQ:SIR) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. The business had revenue of $118.01 million for the quarter, compared to analyst estimates of $116.73 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. analysts forecast that Select Income REIT will post 2.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend was Friday, October 20th. Select Income REIT’s dividend payout ratio is currently 204.00%.

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Select Income REIT Company 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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Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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