Select Income REIT (SIR) Lowered to “Hold” at ValuEngine

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.

Several hedge funds and other institutional investors have recently bought and sold shares of SIR. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Select Income REIT in the fourth quarter valued at approximately $9,727,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Select Income REIT by 61.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 668,556 shares of the real estate investment trust’s stock valued at $15,658,000 after purchasing an additional 253,513 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Select Income REIT by 2.3% in the fourth quarter. BlackRock Inc. now owns 5,690,703 shares of the real estate investment trust’s stock valued at $143,008,000 after purchasing an additional 129,475 shares in the last quarter. Opus Capital Group LLC acquired a new stake in shares of Select Income REIT in the fourth quarter valued at approximately $2,987,000. Finally, Foundry Partners LLC increased its holdings in shares of Select Income REIT by 68.0% in the third quarter. Foundry Partners LLC now owns 270,324 shares of the real estate investment trust’s stock valued at $6,331,000 after purchasing an additional 109,450 shares in the last quarter. 47.80% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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