Shares of Select Income REIT (NYSE:SIR) hit a new 52-week high on Monday . The stock traded as high as $27.10 and last traded at $27.05, with a volume of 246,951 shares changing hands. The stock had previously closed at $26.65.

Separately, Zacks Investment Research downgraded Select Income REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.33.

The company has a 50-day moving average price of $25.17 and a 200-day moving average price of $22.28.

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

Several large investors have added to or reduced their stakes in SIR. Rhumbline Advisers raised 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 valued at $1,676,000 after buying an additional 5,270 shares during the last quarter. Wells Fargo & Company MN raised 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 valued at $2,025,000 after buying an additional 45,280 shares during the last quarter. Boston Partners acquired a new stake in Select Income REIT during the fourth quarter valued at about $2,120,000. Russell Frank Co raised 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 valued at $2,227,000 after buying an additional 96,329 shares during the last quarter. Finally, California State Teachers Retirement System raised 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 valued at $2,301,000 after buying an additional 1,869 shares during the last quarter.

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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