Select Income REIT (NASDAQ:SIR) – B. Riley lowered their Q1 2018 earnings per share (EPS) estimates for Select Income REIT in a research report issued on Tuesday. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.59 per share for the quarter, down from their previous forecast of $0.67. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Select Income REIT’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.61 EPS and Q4 2019 earnings at $0.61 EPS.
A number of other equities analysts have also recently commented on the company. Deutsche Bank raised their target price on Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Thursday, October 26th. BidaskClub cut Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, December 6th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $34.00 target price on shares of Select Income REIT in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Select Income REIT currently has a consensus rating of “Hold” and a consensus price target of $23.92.
Select Income REIT (SIR) opened at $19.70 on Wednesday. Select Income REIT has a twelve month low of $19.41 and a twelve month high of $26.79. The company has a market capitalization of $1,820.16, a price-to-earnings ratio of 26.27 and a beta of 0.66. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.30). The firm had revenue of $117.90 million for the quarter, compared to the consensus estimate of $117.78 million. Select Income REIT had a net margin of 14.29% and a return on equity of 3.29%. Select Income REIT’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be issued a $0.51 dividend. The ex-dividend date is Friday, January 26th. This represents a $2.04 dividend on an annualized basis and a yield of 10.36%. Select Income REIT’s dividend payout ratio is currently 272.00%.
A number of institutional investors have recently made changes to their positions in SIR. Schroder Investment Management Group purchased a new stake in Select Income REIT in the 3rd quarter worth $185,000. BB&T Securities LLC purchased a new stake in Select Income REIT in the 4th quarter worth $211,000. Amalgamated Bank purchased a new stake in Select Income REIT in the 4th quarter worth $214,000. Lourd Capital LLC purchased a new stake in Select Income REIT in the 4th quarter worth $218,000. Finally, Great West Life Assurance Co. Can increased its stake in Select Income REIT by 68.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 3,697 shares in the last quarter. 47.75% of the stock is currently 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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