Shares of Select Income REIT (NASDAQ:SIR) have been given an average broker rating score of 2.75 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has assigned a sell rating and two have given a strong buy rating to the company.

Brokerages have set a 1 year consensus price target of $27.25 for the company and are predicting that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also given Select Income REIT an industry rank of 100 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th.

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Several hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in Select Income REIT by 37.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,400 shares in the last quarter. Zebra Capital Management LLC bought a new stake in Select Income REIT during the fourth quarter valued at $275,000. Dynamic Technology Lab Private Ltd bought a new stake in Select Income REIT during the fourth quarter valued at $297,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Select Income REIT during the fourth quarter valued at $325,000. Finally, Bridgeworth LLC bought a new stake in Select Income REIT during the fourth quarter valued at $394,000. Institutional investors own 46.52% of the company’s stock.

Select Income REIT (NASDAQ:SIR) opened at 24.07 on Tuesday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 23.83 and a beta of 0.75. Select Income REIT has a 52-week low of $23.25 and a 52-week high of $27.97. The firm has a 50-day moving average of $25.60 and a 200-day moving average of $25.22.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.14. Select Income REIT had a net margin of 22.29% and a return on equity of 4.91%. The company had revenue of $116.29 million during the quarter, compared to analyst estimates of $116.50 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts forecast that Select Income REIT will post $1.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Friday, April 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, April 19th. This represents a $2.04 annualized dividend and a dividend yield of 8.48%. Select Income REIT’s dividend payout ratio is currently 177.39%.

Select Income REIT Company Profile

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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