Investment Centers of America Inc. decreased its position in Select Income REIT (NASDAQ:SIR) by 2.8% during the first quarter, Holdings Channel reports. The fund owned 22,542 shares of the real estate investment trust’s stock after selling 643 shares during the period. Investment Centers of America Inc.’s holdings in Select Income REIT were worth $580,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SIR. Daiwa Securities Group Inc. raised its position in shares of Select Income REIT by 37.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 1,400 shares during the period. Ameritas Investment Partners Inc. bought a new position in Select Income REIT during the first quarter worth approximately $141,000. New York State Teachers Retirement System bought a new position in Select Income REIT during the first quarter worth approximately $142,000. Quantbot Technologies LP raised its position in Select Income REIT by 129.0% in the first quarter. Quantbot Technologies LP now owns 6,703 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 3,776 shares during the period. Finally, Ruggie Capital Group bought a new position in Select Income REIT during the first quarter worth approximately $173,000. Institutional investors own 49.21% of the company’s stock.
Shares of Select Income REIT (SIR) traded down 0.80% during midday trading on Friday, reaching $24.66. 991,164 shares of the company’s stock were exchanged. Select Income REIT has a one year low of $23.25 and a one year high of $27.97. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 24.42 and a beta of 0.77. The firm has a 50 day moving average of $24.35 and a 200-day moving average of $25.16.
Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.14. The firm had revenue of $116.29 million for the quarter, compared to the consensus estimate of $116.50 million. Select Income REIT had a net margin of 19.58% and a return on equity of 4.34%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, equities research analysts anticipate that Select Income REIT will post $1.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Friday, April 21st were issued a $0.51 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $2.04 dividend on an annualized basis and a yield of 8.27%. Select Income REIT’s dividend payout ratio is currently 201.98%.
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A number of equities analysts have commented on the company. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Select Income REIT from a “hold” rating to a “sell” rating in a research report on Wednesday.
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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