Select Income REIT (SIR) Receiving Somewhat Positive Media Coverage, Analysis Shows

News stories about Select Income REIT (NASDAQ:SIR) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Select Income REIT earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.299888371414 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Select Income REIT (NASDAQ:SIR) traded down $0.06 during midday trading on Friday, hitting $24.93. 128,266 shares of the stock traded hands, compared to its average volume of 274,400. Select Income REIT has a one year low of $22.51 and a one year high of $26.79. The stock has a market cap of $2,230.00, a PE ratio of 24.93 and a beta of 0.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.51 and a quick ratio of 1.51.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The company had revenue of $118.01 million for the quarter, compared to analysts’ expectations of $116.73 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts forecast that Select Income REIT will post 2.68 earnings per share for the current fiscal year.

SIR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, December 6th. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and issued a $34.00 target price on shares of Select Income REIT in a research note on Friday, October 27th. Finally, Deutsche Bank lifted their target price on shares of Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.83.

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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.

Insider Buying and Selling by Quarter for Select Income REIT (NASDAQ:SIR)

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