Select Income REIT (NASDAQ:SIR) Stake Raised by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in Select Income REIT (NASDAQ:SIR) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 128,790 shares of the real estate investment trust’s stock after buying an additional 4,532 shares during the period. Teachers Advisors LLC’s holdings in Select Income REIT were worth $3,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its position in Select Income REIT by 10.2% in the first quarter. American Century Companies Inc. now owns 893,291 shares of the real estate investment trust’s stock valued at $23,038,000 after buying an additional 82,689 shares during the last quarter. Advisors Asset Management Inc. raised its position in Select Income REIT by 75.2% in the first quarter. Advisors Asset Management Inc. now owns 15,508 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 6,654 shares during the last quarter. First Trust Advisors LP raised its position in Select Income REIT by 189.4% in the first quarter. First Trust Advisors LP now owns 342,932 shares of the real estate investment trust’s stock valued at $8,844,000 after buying an additional 224,435 shares during the last quarter. Wells Fargo & Company MN raised its position in Select Income REIT by 13.7% in the first quarter. Wells Fargo & Company MN now owns 224,044 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 26,937 shares during the last quarter. Finally, Hillcrest Asset Management LLC raised its position in Select Income REIT by 8.1% in the first quarter. Hillcrest Asset Management LLC now owns 318,132 shares of the real estate investment trust’s stock valued at $8,205,000 after buying an additional 23,734 shares during the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

Shares of Select Income REIT (NASDAQ:SIR) traded down 1.14% during mid-day trading on Friday, reaching $22.64. 173,053 shares of the company’s stock traded hands. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $27.88.

Select Income REIT (NASDAQ:SIR) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. The company had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. During the same quarter last year, the firm posted $0.72 earnings per share. On average, equities research analysts predict that Select Income REIT will post $1.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $2.04 annualized dividend and a yield of 9.01%. Select Income REIT’s dividend payout ratio (DPR) is currently 210.31%.

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Several research analysts recently commented on SIR shares. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.

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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Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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