Select Income REIT (NASDAQ:SIR) Posts Quarterly Earnings Results, Misses Expectations By $0.30 EPS
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.
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 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.
ILLEGAL ACTIVITY NOTICE: This report was posted by Marea Informative and is the property of of Marea Informative. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.mareainformativa.com/2018/03/13/select-income-reit-sir-issues-earnings-results-misses-estimates-by-0-30-eps-updated-updated-updated.html.
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.
Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.