Select Income REIT (NASDAQ:SIR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties. It has properties in Oahu, Hawaii and the mainland United States. Select Income REIT is headquartered in Newton, MA. “

Several other analysts have also recently commented on SIR. B. Riley restated a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. FBR & Co restated a “buy” rating and issued a $34.00 target price on shares of Select Income REIT in a research note on Friday, October 27th. Finally, Deutsche Bank raised their price objective 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.83.

Shares of Select Income REIT (NASDAQ:SIR) opened at $25.16 on Thursday. Select Income REIT has a 52 week low of $22.51 and a 52 week high of $26.79. The company has a market cap of $2,281.03, a price-to-earnings ratio of 9.51 and a beta of 0.77. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of 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 valued at $100,000 after purchasing an additional 4,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 valued at $104,000 after purchasing an additional 575 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Select Income REIT in the second quarter valued at about $123,000. Daiwa Securities Group Inc. lifted its stake in shares of 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 valued at $139,000 after purchasing an additional 700 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Select Income REIT in the third quarter valued at about $185,000. Hedge funds and other institutional investors own 48.07% of the company’s stock.

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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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