Ranger Global Real Estate Advisors LLC boosted its stake in shares of Select Income REIT (NASDAQ:SIR) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 400,535 shares of the real estate investment trust’s stock after buying an additional 30,000 shares during the period. Select Income REIT makes up about 3.5% of Ranger Global Real Estate Advisors LLC’s investment portfolio, making the stock its 10th largest position. Ranger Global Real Estate Advisors LLC’s holdings in Select Income REIT were worth $9,625,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Pensionfund Sabic increased its position in Select Income REIT by 4.3% in the first quarter. Pensionfund Sabic now owns 48,900 shares of the real estate investment trust’s stock valued at $1,261,000 after buying an additional 2,000 shares during the last quarter. Daiwa Securities Group Inc. increased its position in 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 last quarter. Bridgeworth LLC increased its position in Select Income REIT by 6.3% in the first quarter. Bridgeworth LLC now owns 16,240 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 969 shares during the last quarter. Swiss National Bank increased its position in 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 buying an additional 2,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Select Income REIT by 40.7% in the first 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. Institutional investors and hedge funds own 49.06% of the company’s stock.
Shares of Select Income REIT (NASDAQ:SIR) traded down 0.29% during midday trading on Friday, reaching $23.76. 100,446 shares of the company’s stock were exchanged. Select Income REIT has a one year low of $23.15 and a one year high of $27.97.
Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.14. The business had revenue of $116.29 million for the quarter, compared to analysts’ expectations of $116.50 million. Select Income REIT had a return on equity of 4.34% and a net margin of 19.58%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. Analysts anticipate that Select Income REIT will post $1.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 8.56%. The ex-dividend date is Thursday, July 20th. Select Income REIT’s dividend payout ratio is presently 201.98%.
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SIR has been the topic of several research analyst reports. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.
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.
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