Schwab Charles Investment Management Inc. lifted its holdings in Select Income REIT (NASDAQ:SIR) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,043 shares of the real estate investment trust’s stock after acquiring an additional 64,741 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Select Income REIT were worth $9,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SIR. Swiss National Bank increased its holdings in shares of Select Income REIT by 2.6% in the first quarter. Swiss National Bank now owns 110,400 shares of the real estate investment trust’s stock valued at $2,847,000 after purchasing an additional 2,800 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Select Income REIT by 40.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 199,934 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 57,802 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Select Income REIT by 1.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 72,930 shares of the real estate investment trust’s stock valued at $1,881,000 after buying an additional 709 shares during the last quarter. Legal & General Group Plc boosted its position in Select Income REIT by 4.9% in the 1st quarter. Legal & General Group Plc now owns 161,976 shares of the real estate investment trust’s stock valued at $4,176,000 after buying an additional 7,638 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Select Income REIT by 13.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 700 shares during the last quarter. 48.23% of the stock is currently owned by institutional investors and hedge funds.

SIR has been the subject of several research reports. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub cut Select Income REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

Shares of Select Income REIT (SIR) opened at 23.69 on Tuesday. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $26.79.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. The firm had revenue of $115.87 million for the quarter, compared to the consensus estimate of $117.21 million. During the same quarter last year, the firm posted $0.72 earnings per share. Equities research analysts predict that Select Income REIT will post $0.99 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Select Income REIT (SIR) Shares Bought by Schwab Charles Investment Management Inc.” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/select-income-reit-sir-shares-bought-by-schwab-charles-investment-management-inc/1604407.html.

About Select Income REIT

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.

Want to see what other hedge funds are holding SIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Income REIT (NASDAQ:SIR).

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

Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with Analyst Ratings Network's FREE daily email newsletter.