Select Income REIT (NASDAQ:SIR) had its target price decreased by equities research analysts at B. Riley from $34.00 to $31.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective indicates a potential upside of 49.90% from the stock’s current price.
SIR has been the topic of a number of other research reports. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, December 6th. BidaskClub downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley decreased their price target on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday. FBR & Co reaffirmed a “buy” rating and set a $34.00 price target on shares of Select Income REIT in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $25.00 price target on shares of Select Income REIT and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.92.
Shares of Select Income REIT (NASDAQ:SIR) opened at $20.68 on Thursday. The stock has a market cap of $1,862.23, a price-to-earnings ratio of 20.68 and a beta of 0.66. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. Select Income REIT has a 12 month low of $20.22 and a 12 month high of $26.79.
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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