Select Income REIT (SIR) Stock Rating Reaffirmed by B. Riley

Select Income REIT (NASDAQ:SIR)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued to clients and investors on Tuesday. B. Riley also issued estimates for Select Income REIT’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.61 EPS and Q4 2019 earnings at $0.61 EPS.

A number of other research firms have also weighed in on SIR. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Select Income REIT has an average rating of “Hold” and a consensus target price of $23.92.

Select Income REIT (NASDAQ SIR) opened at $19.27 on Tuesday. Select Income REIT has a 1-year low of $19.24 and a 1-year high of $26.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $1,820.16, a price-to-earnings ratio of 25.69 and a beta of 0.66.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.30). Select Income REIT had a net margin of 14.29% and a return on equity of 3.29%. The firm had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $117.78 million. During the same quarter last year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. analysts predict that Select Income REIT will post 2.74 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in SIR. New York State Common Retirement Fund raised its stake in shares of Select Income REIT by 4.2% during the 2nd quarter. New York State Common Retirement Fund now owns 74,064 shares of the real estate investment trust’s stock worth $1,780,000 after buying an additional 2,999 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Select Income REIT by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 997,435 shares of the real estate investment trust’s stock valued at $23,968,000 after purchasing an additional 23,041 shares during the last quarter. Voya Investment Management LLC raised its stake in Select Income REIT by 29.2% in the 2nd quarter. Voya Investment Management LLC now owns 27,590 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 6,228 shares during the last quarter. State Street Corp raised its stake in Select Income REIT by 5.6% in the 2nd quarter. State Street Corp now owns 1,565,702 shares of the real estate investment trust’s stock valued at $37,624,000 after purchasing an additional 83,346 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Select Income REIT by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,107 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 588 shares during the last quarter. 47.75% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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