FMR LLC decreased its stake in Select Income REIT (NASDAQ:SIR) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,266 shares of the real estate investment trust’s stock after selling 43,800 shares during the period. FMR LLC owned 0.45% of Select Income REIT worth $10,452,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake 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 valued at $132,000 after buying an additional 1,400 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $141,000. Ruggie Capital Group acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $173,000. Quantbot Technologies LP boosted its stake in shares of 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 valued at $172,000 after buying an additional 3,776 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Select Income REIT by 75.2% in the first quarter. Advisors Asset Management Inc. now owns 15,508 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 6,654 shares during the period. 49.01% of the stock is owned by institutional investors and hedge funds.
Select Income REIT (NASDAQ:SIR) opened at 22.64 on Friday. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $27.88.
Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.04. Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. The business had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Select Income REIT will post $1.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, July 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.01%. Select Income REIT’s dividend payout ratio is 210.31%.
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A number of research firms recently issued reports on SIR. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.
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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