Select Income REIT (NASDAQ:SIR) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research firms also recently weighed in on SIR. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, December 6th. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and issued a $34.00 target price on shares of Select Income REIT in a research report on Friday, October 27th. Finally, Deutsche Bank raised 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 report on Thursday, October 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.83.

Shares of Select Income REIT (NASDAQ:SIR) remained flat at $$25.25 during mid-day trading on Tuesday. The company’s stock had a trading volume of 187,100 shares, compared to its average volume of 274,529. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.51 and a quick ratio of 1.51. 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 $2,259.56, a P/E ratio of 9.42 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last issued 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 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 company had revenue of $118.01 million for the quarter, compared to the consensus estimate of $116.73 million. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. equities research analysts predict that Select Income REIT will post 2.7 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its stake in shares of Select Income REIT by 7.5% during the 2nd quarter. Northern Trust Corp now owns 1,693,476 shares of the real estate investment trust’s stock worth $40,694,000 after buying an additional 118,408 shares during the last quarter. State Street Corp lifted its stake in shares of Select Income REIT by 5.6% during the 2nd quarter. State Street Corp now owns 1,565,702 shares of the real estate investment trust’s stock worth $37,624,000 after buying an additional 83,346 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Select Income REIT by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,031,624 shares of the real estate investment trust’s stock worth $24,161,000 after buying an additional 34,189 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Select Income REIT by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 753,163 shares of the real estate investment trust’s stock worth $17,638,000 after buying an additional 7,425 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake 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 buying an additional 84,970 shares during the last quarter. 48.07% of the stock is owned by institutional investors.

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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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