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Select Income REIT (NYSE:SIR) was downgraded by stock analysts at Bank of America to an “underperform” rating in a report issued on Wednesday.

A number of other firms have also recently commented on SIR. Analysts at Zacks upgraded shares of Select Income REIT from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $28.80 price target on the stock. Analysts at RBC Capital cut their price target on shares of Select Income REIT from $30.00 to $29.00 in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Select Income REIT currently has a consensus rating of “Hold” and an average price target of $28.60.

Select Income REIT (NYSE:SIR) traded down 1.37% during mid-day trading on Wednesday, hitting $26.01. The stock had a trading volume of 251,659 shares. Select Income REIT has a one year low of $23.79 and a one year high of $31.47. The stock’s 50-day moving average is $28.24 and its 200-day moving average is $29.23.

Select Income REIT (NYSE:SIR) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.26. The company had revenue of $56.60 million for the quarter, compared to the consensus estimate of $57.85 million. During the same quarter last year, the company posted $0.58 earnings per share. Select Income REIT’s revenue was up 23.3% compared to the same quarter last year. Analysts expect that Select Income REIT will post $2.04 EPS for the current fiscal year.

Select Income REIT is a real estate company that primarily owns and invests in single tenants, net leased properties.

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