BlackRock Inc. raised its holdings in Select Income REIT (NASDAQ:SIR) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,690,703 shares of the real estate investment trust’s stock after purchasing an additional 129,475 shares during the period. BlackRock Inc. owned 6.36% of Select Income REIT worth $143,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group purchased a new stake in shares of Select Income REIT in the third quarter valued at about $185,000. Great West Life Assurance Co. Can lifted its holdings in shares of Select Income REIT by 68.4% in the third quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 3,697 shares in the last quarter. Lourd Capital LLC purchased a new stake in shares of Select Income REIT in the fourth quarter valued at about $218,000. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of Select Income REIT in the fourth quarter valued at about $251,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Select Income REIT by 33.3% in the third quarter. SG Americas Securities LLC now owns 13,786 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 3,441 shares in the last quarter. 49.78% of the stock is currently owned by institutional investors.

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Select Income REIT stock opened at $18.85 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 7.76 and a quick ratio of 7.76. The firm has a market cap of $1,703.83, a P/E ratio of 25.13 and a beta of 0.82. Select Income REIT has a 52-week low of $17.90 and a 52-week high of $26.79.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.30). The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $117.78 million. Select Income REIT had a net margin of 14.29% and a return on equity of 3.31%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. analysts forecast that Select Income REIT will post 2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date was Friday, January 26th. Select Income REIT’s dividend payout ratio is presently 272.00%.

SIR has been the topic of several recent research reports. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Friday, January 5th. BidaskClub downgraded shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. ValuEngine downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Royal Bank of Canada set a $25.00 price target on shares of Select Income REIT and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, B. Riley reduced their price target on shares of Select Income REIT from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Select Income REIT presently has a consensus rating of “Hold” and an average price target of $23.92.

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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.

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

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