Shares of Select Income REIT (NASDAQ:SIR) have earned an average broker rating score of 2.75 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has issued a sell recommendation and two have issued a strong buy recommendation on the company.

Analysts have set a 12 month consensus price target of $26.00 for the company and are expecting 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 215 out of 265 based on the ratings given to related companies.

A number of analysts have issued reports on SIR shares. Deutsche Bank AG boosted their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. FBR & Co reaffirmed a “buy” rating and set a $34.00 price target on shares of Select Income REIT in a report on Friday, October 27th. Finally, BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a report on Friday, October 13th.

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Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. lifted its holdings in shares of Select Income REIT by 14.5% during the 2nd quarter. Prudential Financial Inc. now owns 670,686 shares of the real estate investment trust’s stock worth $16,116,000 after acquiring an additional 84,970 shares during the period. Citigroup Inc. lifted its holdings in shares of Select Income REIT by 25.1% during the 2nd quarter. Citigroup Inc. now owns 34,631 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 6,938 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Select Income REIT by 1.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 72,930 shares of the real estate investment trust’s stock valued at $1,881,000 after purchasing an additional 709 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Select Income REIT by 13.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 700 shares during the last quarter. Finally, Northern Capital Management LLC lifted its stake in Select Income REIT by 30.2% in the 2nd quarter. Northern Capital Management LLC now owns 106,495 shares of the real estate investment trust’s stock valued at $2,559,000 after purchasing an additional 24,690 shares during the last quarter. 48.13% of the stock is owned by institutional investors.

Select Income REIT (NASDAQ:SIR) traded down $0.05 during midday trading on Friday, reaching $25.37. 208,104 shares of the company’s stock were exchanged, compared to its average volume of 276,995. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21. The company has a market cap of $2,270.29, a P/E ratio of 9.47 and a beta of 0.76. Select Income REIT has a 52-week low of $22.51 and a 52-week high of $26.79.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The business had revenue of $118.01 million during the quarter, compared to the consensus estimate of $116.73 million. Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. research analysts forecast that Select Income REIT will post 2.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date was Friday, October 20th. Select Income REIT’s dividend payout ratio (DPR) is presently 204.00%.

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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