Select Income REIT (SIR) Plans Quarterly Dividend of $0.46
Select Income REIT (NYSE:SIR) announced a quarterly dividend on Wednesday, October 9th, Analyst Ratings Network reports. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.46 per share on Wednesday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 7.26%.
On a related note, analysts at RBC Capital downgraded shares of Select Income REIT from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, August 2nd. They now have a $28.00 price target on the stock, down previously from $35.00.
Select Income REIT (NYSE:SIR) opened at 25.34 on Wednesday. Select Income REIT has a 52-week low of $23.78 and a 52-week high of $30.14. The stock’s 50-day moving average is $24.86 and its 200-day moving average is $26.89.
Select Income REIT (NYSE:SIR) last announced its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $45.95 million for the quarter, compared to the consensus estimate of $43.78 million. During the same quarter last year, the company posted $0.61 earnings per share. Select Income REIT’s revenue was up 64.6% compared to the same quarter last year.
Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties.
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