ValuEngine upgraded shares of Select Income REIT (NASDAQ:SIR) from a sell rating to a hold rating in a report released on Sunday.

SIR has been the subject of several other reports. Zacks Investment Research raised shares of Select Income REIT from a sell rating to a hold rating in a research report on Wednesday, July 11th. TheStreet downgraded shares of Select Income REIT from a b- rating to a c rating in a research report on Tuesday, August 7th. BidaskClub raised shares of Select Income REIT from a hold rating to a buy rating in a research report on Tuesday, June 26th. JMP Securities downgraded shares of Select Income REIT to a hold rating in a research report on Monday, September 17th. Finally, Morgan Stanley raised shares of Select Income REIT from an underweight rating to an equal weight rating and boosted their target price for the stock from $19.00 to $24.00 in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Select Income REIT currently has an average rating of Hold and a consensus price target of $23.75.

Shares of SIR opened at $21.73 on Friday. Select Income REIT has a 52 week low of $17.90 and a 52 week high of $26.26. The company has a market cap of $1.93 billion, a P/E ratio of 7.79, a P/E/G ratio of 3.67 and a beta of 0.77. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.87.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.49). The company had revenue of $116.00 million for the quarter, compared to analysts’ expectations of $118.56 million. Select Income REIT had a net margin of 16.59% and a return on equity of 3.55%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. equities research analysts predict that Select Income REIT will post 2.14 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in shares of Select Income REIT by 61.7% in the first quarter. SG Americas Securities LLC now owns 12,207 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 4,659 shares during the last quarter. Aperio Group LLC raised its stake in Select Income REIT by 10.1% during the 1st quarter. Aperio Group LLC now owns 37,242 shares of the real estate investment trust’s stock valued at $725,000 after purchasing an additional 3,423 shares during the last quarter. Systematic Financial Management LP raised its stake in Select Income REIT by 16.7% during the 1st quarter. Systematic Financial Management LP now owns 72,265 shares of the real estate investment trust’s stock valued at $1,408,000 after purchasing an additional 10,340 shares during the last quarter. Northern Trust Corp raised its stake in Select Income REIT by 3.7% during the 1st quarter. Northern Trust Corp now owns 1,755,648 shares of the real estate investment trust’s stock valued at $34,200,000 after purchasing an additional 62,274 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Select Income REIT during the 1st quarter valued at $793,000. 49.01% of the stock is owned by institutional investors.

About Select Income REIT

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

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Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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