First National Bank of Mount Dora Trust Investment Services Buys Shares of 10,000 Select Income REIT (SIR)

First National Bank of Mount Dora Trust Investment Services bought a new stake in Select Income REIT (NASDAQ:SIR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SIR. Sei Investments Co. boosted its position in shares of Select Income REIT by 3,984.2% in the 2nd quarter. Sei Investments Co. now owns 4,125 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 4,024 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Select Income REIT by 18.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 415,043 shares of the real estate investment trust’s stock worth $9,974,000 after acquiring an additional 64,741 shares during the period. SG Americas Securities LLC acquired a new stake in Select Income REIT during the 2nd quarter worth approximately $249,000. Bank of New York Mellon Corp lifted its position in Select Income REIT by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 745,738 shares of the real estate investment trust’s stock worth $17,920,000 after acquiring an additional 10,863 shares during the period. Finally, Legal & General Group Plc lifted its position in Select Income REIT by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 172,079 shares of the real estate investment trust’s stock worth $4,135,000 after acquiring an additional 10,103 shares during the period. 48.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Select Income REIT (NASDAQ:SIR) opened at $24.09 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $2,155.75, a P/E ratio of 24.09 and a beta of 0.77. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $26.79.

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

A number of research firms have weighed in on SIR. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. 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. Zacks Investment Research raised Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, December 6th. Finally, BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.50.

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

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