Select Income REIT (SIR) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Select Income REIT (NASDAQ:SIR) by 32.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,336 shares of the real estate investment trust’s stock after selling 53,942 shares during the period. Allianz Asset Management GmbH owned 0.12% of Select Income REIT worth $2,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northern Trust Corp increased its position in shares of Select Income REIT by 7.5% during the second quarter. Northern Trust Corp now owns 1,693,476 shares of the real estate investment trust’s stock worth $40,694,000 after acquiring an additional 118,408 shares in the last quarter. State Street Corp increased its position in shares of Select Income REIT by 5.6% during the second quarter. State Street Corp now owns 1,565,702 shares of the real estate investment trust’s stock worth $37,624,000 after acquiring an additional 83,346 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Select Income REIT by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,031,624 shares of the real estate investment trust’s stock worth $24,161,000 after acquiring an additional 34,189 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Select Income REIT by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 753,163 shares of the real estate investment trust’s stock worth $17,638,000 after acquiring an additional 7,425 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Select Income REIT by 14.5% during the second quarter. Prudential Financial Inc. now owns 670,686 shares of the real estate investment trust’s stock worth $16,116,000 after acquiring an additional 84,970 shares in the last quarter. 48.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Select Income REIT (SIR) opened at $24.93 on Friday. 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 current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $2,230.00, a PE ratio of 24.93 and a beta of 0.79.

Select Income REIT (NASDAQ:SIR) last issued 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 Zacks’ 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 during the quarter, compared to the consensus estimate of $116.73 million. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts predict that Select Income REIT will post 2.68 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. B. Riley reissued a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a research report on Friday, October 27th. Finally, Deutsche Bank boosted 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 report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.83.

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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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