Select Income REIT (SIR) Stake Lifted by Foundry Partners LLC

Foundry Partners LLC raised its position in Select Income REIT (NASDAQ:SIR) by 68.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 270,324 shares of the real estate investment trust’s stock after purchasing an additional 109,450 shares during the period. Foundry Partners LLC owned 0.30% of Select Income REIT worth $6,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. lifted its position in shares of Select Income REIT by 14.5% in the 2nd quarter. Prudential Financial Inc. now owns 670,686 shares of the real estate investment trust’s stock worth $16,116,000 after purchasing an additional 84,970 shares during the period. Citigroup Inc. lifted its position in shares of Select Income REIT by 25.1% in the 2nd quarter. Citigroup Inc. now owns 34,631 shares of the real estate investment trust’s stock worth $832,000 after purchasing an additional 6,938 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Select Income REIT by 1.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 72,930 shares of the real estate investment trust’s stock valued at $1,881,000 after acquiring an additional 709 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Select Income REIT by 13.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 700 shares in the last quarter. Finally, Northern Capital Management LLC increased its stake in shares of Select Income REIT by 30.2% in the 2nd quarter. Northern Capital Management LLC now owns 106,495 shares of the real estate investment trust’s stock valued at $2,559,000 after acquiring an additional 24,690 shares in the last quarter. Hedge funds and other institutional investors own 48.28% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Select Income REIT (SIR) Stake Lifted by Foundry Partners LLC” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2017/11/05/select-income-reit-sir-stake-lifted-by-foundry-partners-llc.html.

Shares of Select Income REIT (NASDAQ:SIR) opened at $24.59 on Friday. The company has a market cap of $2,200.49, a price-to-earnings ratio of 9.18 and a beta of 0.76. The company has a current ratio of 1.51, a quick ratio of 1.43 and a debt-to-equity ratio of 1.21.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $118.01 million during the quarter, compared to the consensus estimate of $116.73 million. Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. equities analysts expect that Select Income REIT will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $2.04 dividend on an annualized basis and a yield of 8.30%. Select Income REIT’s dividend payout ratio (DPR) is presently 204.00%.

Several analysts have recently weighed in on SIR shares. BidaskClub upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. FBR & Co reiterated a “buy” rating and issued a $34.00 price objective on shares of Select Income REIT in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a research note on Thursday, October 26th.

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.

Want to see what other hedge funds are holding SIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Income REIT (NASDAQ:SIR).

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

What are top analysts saying about Select Income REIT? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Select Income REIT and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit