SG Americas Securities LLC raised its stake in Select Income REIT (NASDAQ:SIR) by 61.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,207 shares of the real estate investment trust’s stock after acquiring an additional 4,659 shares during the period. SG Americas Securities LLC’s holdings in Select Income REIT were worth $238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Select Income REIT by 2.3% during the 4th quarter. BlackRock Inc. now owns 5,690,703 shares of the real estate investment trust’s stock worth $143,008,000 after buying an additional 129,475 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Select Income REIT by 9.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 733,508 shares of the real estate investment trust’s stock worth $18,434,000 after buying an additional 64,952 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Select Income REIT by 70.1% during the 4th quarter. Millennium Management LLC now owns 555,811 shares of the real estate investment trust’s stock worth $13,968,000 after buying an additional 229,097 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of Select Income REIT by 33.7% during the 1st quarter. Global X Management Co. LLC now owns 492,600 shares of the real estate investment trust’s stock worth $9,596,000 after buying an additional 124,136 shares in the last quarter. Finally, V3 Capital Management L.P. acquired a new position in Select Income REIT in the 4th quarter worth about $10,781,000. 47.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Select Income REIT traded up $0.02, hitting $21.50, on Friday, MarketBeat reports. 415,944 shares of the company’s stock traded hands, compared to its average volume of 258,568. Select Income REIT has a one year low of $17.90 and a one year high of $26.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 7.73 and a beta of 0.82.

Select Income REIT (NASDAQ:SIR) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Select Income REIT had a return on equity of 4.41% and a net margin of 19.76%. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $115.93 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. sell-side analysts expect that Select Income REIT will post 2.68 EPS for the current fiscal year.

A number of equities analysts have issued reports on SIR shares. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a report on Tuesday, February 20th. Morgan Stanley lowered their target price on Select Income REIT from $22.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, April 19th. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub raised Select Income REIT from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. Finally, TheStreet upgraded Select Income REIT from a “c” rating to a “b-” rating in a research report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Select Income REIT presently has an average rating of “Hold” and an average price target of $22.92.

About Select Income REIT

SIR is a real estate investment trust, or REIT, which owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily leased to single tenants. As of March 31, 2018, our consolidated portfolio included 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states.

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

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