Select Income REIT (SIR) Hits New 52-Week Low at $22.48

Shares of Select Income REIT (NASDAQ:SIR) hit a new 52-week low on Monday . The stock traded as low as $22.48 and last traded at $22.47, with a volume of 112161 shares changing hands. The stock had previously closed at $22.70.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded 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 downgraded Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. B. Riley restated a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. Finally, FBR & Co restated a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Select Income REIT has an average rating of “Hold” and an average target price of $21.83.

The stock has a market capitalization of $2,031.36, a P/E ratio of 22.08 and a beta of 0.77. 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 also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.51 dividend. The ex-dividend date is Friday, January 26th. This represents a $2.04 dividend on an annualized basis and a yield of 9.24%. Select Income REIT’s dividend payout ratio (DPR) is 204.00%.

Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new position in Select Income REIT in the third quarter worth about $185,000. Great West Life Assurance Co. Can grew its stake in Select Income REIT by 68.4% in the third quarter. Great West Life Assurance Co. Can now owns 9,103 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 3,697 shares in the last quarter. Lourd Capital LLC acquired a new position in Select Income REIT in the fourth quarter worth about $218,000. Suntrust Banks Inc. grew its stake in Select Income REIT by 2.0% in 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 in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services acquired a new position in Select Income REIT in the fourth quarter worth about $251,000. Institutional investors and hedge funds own 47.82% of the company’s stock.

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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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