News headlines about Select Income REIT (NASDAQ:SIR) have been trending somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Select Income REIT earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4348471328893 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research analysts have recently commented on the company. BidaskClub lowered Select Income REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th.
Select Income REIT (SIR) opened at 24.4599 on Wednesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 25.4791 and a beta of 0.74. Select Income REIT has a one year low of $22.51 and a one year high of $26.79. The stock’s 50 day moving average price is $23.32 and its 200-day moving average price is $24.14.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities research analysts expect that Select Income REIT will post $0.99 EPS for the current fiscal year.
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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