Select Income REIT Announces Dividend of $0.51 (SIR)

Select Income REIT (NASDAQ:SIR) announced a dividend on Saturday, January 20th, Fidelity reports. Shareholders of record on Monday, January 29th will be paid a dividend of 0.51 per share by the real estate investment trust on Thursday, February 22nd. This represents a yield of 0.0220970537261698%. The ex-dividend date of this dividend is Friday, January 26th.

Shares of Select Income REIT (NASDAQ:SIR) opened at $23.08 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $2,065.36, a price-to-earnings ratio of 8.61 and a beta of 0.77. Select Income REIT has a 12 month low of $22.51 and a 12 month high of $26.79.

Select Income REIT (NASDAQ:SIR) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $118.01 million for 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 firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. equities research analysts expect that Select Income REIT will post 2.68 earnings per share for the current fiscal year.

Several brokerages have weighed in on SIR. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a research note on Friday, October 27th. Zacks Investment Research raised Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, December 6th. Finally, BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Select Income REIT presently has a consensus rating of “Hold” and a consensus target price of $22.50.

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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.

Dividend History for Select Income REIT (NASDAQ:SIR)

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