UBS Asset Management Americas Inc. raised its stake in Select Income REIT (NASDAQ:SIR) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,415 shares of the real estate investment trust’s stock after purchasing an additional 6,023 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.15% of Select Income REIT worth $3,230,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Select Income REIT by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 734,875 shares of the real estate investment trust’s stock valued at $18,953,000 after purchasing an additional 29,183 shares during the last quarter. Swiss National Bank lifted its holdings in Select Income REIT by 2.6% during the 1st quarter. Swiss National Bank now owns 110,400 shares of the real estate investment trust’s stock valued at $2,847,000 after purchasing an additional 2,800 shares during the last quarter. Karp Capital Management Corp bought a new position in Select Income REIT during the 1st quarter valued at about $572,000. Ameritas Investment Partners Inc. bought a new position in Select Income REIT during the 1st quarter valued at about $141,000. Finally, American International Group Inc. lifted its holdings in Select Income REIT by 7.0% during the 1st quarter. American International Group Inc. now owns 39,028 shares of the real estate investment trust’s stock valued at $1,007,000 after purchasing an additional 2,546 shares during the last quarter. 48.23% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on SIR shares. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th.
Select Income REIT (SIR) opened at 24.49 on Thursday. The company has a 50-day moving average of $23.36 and a 200-day moving average of $24.14. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 25.51 and a beta of 0.74. Select Income REIT has a one year low of $22.51 and a one year high of $26.79.
Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). The firm had revenue of $115.87 million for the quarter, compared to analysts’ expectations of $117.21 million. Select Income REIT had a return on equity of 4.18% and a net margin of 18.65%. During the same period in the previous year, the business posted $0.72 EPS. Equities research analysts expect that Select Income REIT will post $0.99 EPS for the current fiscal year.
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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