Macquarie Group Ltd. Decreases Position in Select Income REIT (SIR)

Macquarie Group Ltd. cut its holdings in Select Income REIT (NASDAQ:SIR) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,400 shares of the real estate investment trust’s stock after selling 3,800 shares during the period. Macquarie Group Ltd. owned approximately 0.12% of Select Income REIT worth $2,469,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SIR. Sei Investments Co. grew its stake in shares of Select Income REIT by 3,984.2% in the second quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 4,024 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Select Income REIT by 15.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 575 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Select Income REIT in the second quarter valued at about $123,000. Daiwa Securities Group Inc. grew its stake in shares of Select Income REIT by 13.7% in the second 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, Suntrust Banks Inc. lifted its position in Select Income REIT by 2.0% during the second quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 48.07% of the company’s stock.

SIR has been the subject of several recent analyst reports. Deutsche Bank upped their price objective on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. FBR & Co reaffirmed a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a research report on Friday, October 27th. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Select Income REIT presently has a consensus rating of “Buy” and a consensus target price of $22.17.

Shares of Select Income REIT (SIR) opened at $25.49 on Tuesday. Select Income REIT has a 52-week low of $22.51 and a 52-week high of $26.79. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $2,264.03, a PE ratio of 9.44 and a beta of 0.77.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.00%. Select Income REIT’s dividend payout ratio (DPR) is currently 204.00%.

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Select Income REIT 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.

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

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