Investment Analysts’ Weekly Ratings Changes for Select Income REIT (SIR)

Several brokerages have updated their recommendations and price targets on shares of Select Income REIT (NASDAQ: SIR) in the last few weeks:

  • 2/8/2018 – Select Income REIT had its price target lowered by analysts at B. Riley from $34.00 to $31.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – Select Income REIT was given a new $25.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 2/5/2018 – Select Income REIT had its price target lowered by analysts at Morgan Stanley from $24.00 to $22.00. They now have an “underweight” rating on the stock.
  • 1/31/2018 – Select Income REIT was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/24/2018 – Select Income REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/23/2018 – Select Income REIT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. 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. “
  • 1/18/2018 – Select Income REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/12/2018 – Select Income REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/9/2018 – Select Income REIT was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/5/2018 – Select Income REIT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. 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. “

Select Income REIT (NASDAQ:SIR) traded down $0.29 during midday trading on Tuesday, hitting $20.11. 522,900 shares of the stock were exchanged, compared to its average volume of 362,141. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1,825.54, a PE ratio of 20.11 and a beta of 0.66. Select Income REIT has a 12-month low of $19.41 and a 12-month high of $26.79.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Friday, January 26th. Select Income REIT’s payout ratio is presently 204.00%.

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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