Shares of Select Income REIT (NYSE:SIR) were down 1.1% during mid-day trading on Wednesday . The stock traded as low as $27.13 and last traded at $27.39, with a volume of 195,493 shares trading hands. The stock had previously closed at $27.69.

Separately, Zacks Investment Research cut Select Income REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.67.

The stock’s 50 day moving average is $25.79 and its 200 day moving average is $22.66.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Friday, July 22nd will be given 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 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, July 20th.

Several large investors have made changes to their positions in the stock. Employees Retirement System of Texas acquired a new stake in shares of Select Income REIT during the fourth quarter worth $2,029,000. Dimensional Fund Advisors LP increased its stake 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 worth $18,396,000 after buying an additional 35,537 shares in the last quarter. Morgan Stanley increased its stake 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 worth $29,655,000 after buying an additional 5,013 shares in the last quarter. Boston Partners acquired a new stake in shares of Select Income REIT during the fourth quarter worth $2,120,000. Finally, Rhumbline Advisers increased its stake 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 worth $1,676,000 after buying an additional 5,270 shares in 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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