Select Income REIT (NYSE:SIR) rose 1.2% during mid-day trading on Tuesday . The company traded as high as $26.38 and last traded at $26.24, with a volume of 161,413 shares trading hands. The stock had previously closed at $25.93.

Separately, Zacks Investment Research downgraded Select Income REIT from a “hold” rating to a “sell” rating in a research report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.33.

The company has a market cap of $2.39 billion and a price-to-earnings ratio of 23.06. The stock’s 50 day moving average price is $25.01 and its 200 day moving average price is $22.19.

Select Income REIT (NYSE:SIR) last posted its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.38. The business had revenue of $117.23 million for the quarter, compared to analyst estimates of $114 million. During the same quarter last year, the business earned $0.70 earnings per share. Select Income REIT’s revenue was up 24.2% on a year-over-year basis. Analysts predict that Select Income REIT will post $1.45 EPS for the current year.

Other large investors have bought and sold shares of the company. Rhumbline Advisers boosted its stake in Select Income REIT by 6.6% in the fourth quarter. Rhumbline Advisers now owns 84,539 shares of the real estate investment trust’s stock worth $1,676,000 after buying an additional 5,270 shares during the period. Wells Fargo & Company MN boosted its stake in Select Income REIT by 79.6% in the fourth quarter. Wells Fargo & Company MN now owns 102,193 shares of the real estate investment trust’s stock worth $2,025,000 after buying an additional 45,280 shares during the period. Boston Partners acquired a new stake in Select Income REIT during the fourth quarter worth approximately $2,120,000. Russell Frank Co boosted its stake in Select Income REIT by 680.6% in the fourth quarter. Russell Frank Co now owns 110,483 shares of the real estate investment trust’s stock worth $2,227,000 after buying an additional 96,329 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Select Income REIT by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 116,106 shares of the real estate investment trust’s stock worth $2,301,000 after buying an additional 1,869 shares during the period.

Select Income REIT (SIR) is a real estate investment trust (REIT). The Company owns and invests in single tenant and net leased properties. The Company owns approximately 51 properties (281 buildings, leasable land parcels and easements), located in 22 states, that contain approximately 27.7 million rentable square feet and are approximately 96.4% leased (based on rentable square feet).

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