Fmr LLC Cuts Position in Select Income REIT (SIR)

FMR LLC reduced its position in Select Income REIT (NASDAQ:SIR) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,266 shares of the real estate investment trust’s stock after selling 43,800 shares during the period. FMR LLC owned about 0.45% of Select Income REIT worth $10,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SIR. Pensionfund Sabic raised its stake in shares of Select Income REIT by 4.3% in the first quarter. Pensionfund Sabic now owns 48,900 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 2,000 shares in the last quarter. Daiwa Securities Group Inc. increased 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 worth $132,000 after buying an additional 1,400 shares during the last quarter. Bridgeworth LLC increased its stake in shares of Select Income REIT by 6.3% in the first quarter. Bridgeworth LLC now owns 16,240 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 969 shares during the last quarter. Swiss National Bank increased its stake in shares of Select Income REIT by 2.6% in the first quarter. Swiss National Bank now owns 110,400 shares of the real estate investment trust’s stock worth $2,847,000 after buying an additional 2,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Select Income REIT by 40.7% in the first quarter. Asset Management One Co. Ltd. now owns 199,934 shares of the real estate investment trust’s stock worth $5,114,000 after buying an additional 57,802 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

Shares of Select Income REIT (SIR) traded down 1.07% on Friday, reaching $23.02. 259,726 shares of the company traded hands. The company has a 50-day moving average of $23.53 and a 200-day moving average of $24.72. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $27.88.

Select Income REIT (NASDAQ:SIR) last issued 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. The business had revenue of $115.87 million during the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. During the same period in the previous year, the company posted $0.72 earnings per share. On average, equities analysts expect that Select Income REIT will post $1.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, July 24th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $2.04 dividend on an annualized basis and a yield of 8.86%. Select Income REIT’s payout ratio is 210.31%.

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SIR has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Select Income REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.

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.

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

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