Zacks Investment Research cut shares of Select Income REIT (NASDAQ:SIR) from a buy rating to a hold rating in a research note published on Friday morning.

According to Zacks, “Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties. It has properties in Oahu, Hawaii and the mainland United States. Select Income REIT is headquartered in Newton, MA. “

Separately, BidaskClub raised Select Income REIT from a hold rating to a buy rating in a research note on Thursday, June 15th.

Select Income REIT (SIR) opened at 23.47 on Friday. Select Income REIT has a 52 week low of $23.14 and a 52 week high of $27.88.

Select Income REIT (NASDAQ:SIR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $115.87 million for the quarter, compared to the consensus estimate of $117.21 million. Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. During the same period in the prior year, the business earned $0.72 EPS. On average, equities analysts forecast that Select Income REIT will post $1.11 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend is Thursday, July 20th. Select Income REIT’s payout ratio is 210.31%.

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Select Income REIT by 3,984.2% in the second quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 4,024 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Select Income REIT during the second quarter valued at approximately $123,000. Daiwa Securities Group Inc. boosted its stake in shares of Select Income REIT by 37.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,400 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $141,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $142,000. Institutional investors and hedge funds own 48.93% of the company’s stock.

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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