Select Income REIT Plans Quarterly Dividend of $0.46 (SIR)
Select Income REIT (NYSE:SIR) declared a quarterly dividend on Friday, January 3rd, American Banking and Market News reports. Investors of record on Monday, January 13th will be given a dividend of 0.46 per share on Wednesday, February 19th. This represents a $1.84 dividend on an annualized basis and a yield of 6.88%.
On a related note, analysts at RBC Capital raised their price target on shares of Select Income REIT from $28.00 to $29.00 in a research note to investors on Tuesday, November 5th. They now have a “sector perform” rating on the stock.
Select Income REIT (NYSE:SIR) opened at 26.73 on Friday. Select Income REIT has a one year low of $23.79 and a one year high of $30.14. The stock’s 50-day moving average is $27.20 and its 200-day moving average is $26.60.
Select Income REIT (NYSE:SIR) last announced its earnings results on Thursday, October 31st. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.02. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 57.3% on a year-over-year basis.
Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties.
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