Select Income REIT (NYSE:SIR) shares reached a new 52-week high on Monday . The company traded as high as $27.65 and last traded at $27.60, with a volume of 183,746 shares changing hands. The stock had previously closed at $27.39.

Separately, Zacks Investment Research downgraded Select Income REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Select Income REIT has a consensus rating of “Hold” and a consensus price target of $27.67.

The stock has a 50 day moving average price of $25.76 and a 200 day moving average price of $22.66.

Select Income REIT (NYSE:SIR) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ 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. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. On average, analysts anticipate that Select Income REIT will post $1.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.51 per share. This is a boost from Select Income REIT’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Wednesday, July 20th.

Several hedge funds and institutional investors have made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of 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. Morgan Stanley increased its position in shares of Select Income REIT by 0.3% in the fourth quarter. Morgan Stanley now owns 1,496,195 shares of the real estate investment trust’s stock valued at $29,655,000 after buying an additional 5,013 shares during the last quarter. Rhumbline Advisers increased its position in shares of 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. Dimensional Fund Advisors LP increased its position in shares of Select Income REIT by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 928,092 shares of the real estate investment trust’s stock valued at $18,396,000 after buying an additional 35,537 shares during the last quarter. Finally, Russell Frank Co increased its position in shares of 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.

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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