Select Income REIT (NASDAQ:SIR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
SIR has been the subject of a number of other research reports. Zacks Investment Research cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. BidaskClub upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Deutsche Bank raised their price target on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Select Income REIT presently has an average rating of “Hold” and an average price target of $23.92.
Shares of Select Income REIT (SIR) remained flat at $$20.11 on Tuesday. The stock had a trading volume of 389,974 shares, compared to its average volume of 364,392. The stock has a market cap of $1,825.54, a P/E ratio of 20.11 and a beta of 0.66. 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 fifty-two week low of $19.41 and a fifty-two week high of $26.79.
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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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