Select Income REIT (NASDAQ:SIR) posted its earnings results on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.30), Bloomberg Earnings reports. The company had revenue of $117.90 million for the quarter, compared to analyst estimates of $117.78 million. Select Income REIT had a return on equity of 3.31% and a net margin of 14.29%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS.

Shares of Select Income REIT (NASDAQ SIR) opened at $19.02 on Tuesday. Select Income REIT has a 12 month low of $17.90 and a 12 month high of $26.79. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 1.55. The firm has a market cap of $1,700.00, a PE ratio of 25.36 and a beta of 0.83.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend was Friday, January 26th. Select Income REIT’s dividend payout ratio (DPR) is 272.00%.

A number of institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new position in Select Income REIT in the 4th quarter valued at about $782,000. BB&T Securities LLC bought a new position in Select Income REIT in the 4th quarter valued at about $211,000. LPL Financial LLC increased its holdings in Select Income REIT by 6.6% in the 4th quarter. LPL Financial LLC now owns 189,194 shares of the real estate investment trust’s stock valued at $4,754,000 after buying an additional 11,779 shares during the period. Millennium Management LLC increased its holdings in Select Income REIT by 70.1% in the 4th quarter. Millennium Management LLC now owns 555,811 shares of the real estate investment trust’s stock valued at $13,968,000 after buying an additional 229,097 shares during the period. Finally, V3 Capital Management L.P. bought a new position in Select Income REIT in the 4th quarter valued at about $10,781,000. Institutional investors and hedge funds own 49.83% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, December 6th. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley cut their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, February 5th. B. Riley restated a “buy” rating on shares of Select Income REIT in a research note on Tuesday, February 20th. 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 research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.92.

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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.

Earnings History for Select Income REIT (NASDAQ:SIR)

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