Select Income REIT (NASDAQ:SIR) declared a quarterly dividend on Wednesday, July 12th, Wall Street Journal reports. Stockholders of record on Monday, July 24th will be given a dividend of 0.51 per share by the real estate investment trust on Thursday, August 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date is Thursday, July 20th.
Select Income REIT (NASDAQ:SIR) opened at 23.80 on Friday. The company’s 50-day moving average price is $24.17 and its 200-day moving average price is $24.98. 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 posted its 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 net margin of 18.65% and a return on equity of 4.18%. The company had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. During the same quarter last year, the business posted $0.72 EPS. On average, analysts predict that Select Income REIT will post $1.11 earnings per share for the current year.
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Several analysts recently weighed in on SIR shares. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating in a report on Thursday, June 15th.
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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