Analysts Anticipate Select Income REIT (SIR) to Post $0.70 Earnings Per Share
Shares of Select Income REIT (NASDAQ:SIR) have been assigned a consensus broker rating score of 2.75 (Hold) from the four brokers that provide coverage for the company, 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 objective of $26.00 for the company and are anticipating that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also given Select Income REIT an industry rank of 192 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on the stock. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. FBR & Co reaffirmed a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a research note on Friday, October 27th. Deutsche Bank AG boosted their target price on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th.
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Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in Select Income REIT by 3,984.2% in the second quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 4,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Select Income REIT by 15.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 575 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Select Income REIT in the second quarter worth about $123,000. New York State Teachers Retirement System purchased a new stake in Select Income REIT in the first quarter worth about $142,000. Finally, Daiwa Securities Group Inc. lifted its stake in Select Income REIT by 13.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 700 shares during the period. 48.28% of the stock is owned by institutional investors.
Select Income REIT (NASDAQ:SIR) traded up $0.01 during mid-day trading on Friday, reaching $24.59. The company had a trading volume of 210,911 shares, compared to its average volume of 286,596. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.51 and a quick ratio of 1.43. The stock has a market cap of $2,199.60, a PE ratio of 9.17 and a beta of 0.76.
Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $118.01 million for the quarter, compared to analysts’ expectations of $116.73 million. Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. equities analysts anticipate that Select Income REIT will post 2.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend is Friday, October 20th. Select Income REIT’s dividend payout ratio is currently 204.00%.
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.
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