Shares of Select Income REIT (NYSE:SIR) fell 1.1% on Wednesday . The company 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 upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.

The company has a 50 day moving average of $25.92 and a 200 day moving average of $22.73.

Select Income REIT (NYSE:SIR) last issued its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.74 EPS 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. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. Analysts forecast that Select Income REIT will post $1.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Friday, July 22nd will be paid a dividend of $0.51 per share. This is an increase from Select Income REIT’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Wednesday, July 20th.

Several hedge funds have recently added to or reduced their stakes in SIR. 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 valued at $1,676,000 after buying an additional 5,270 shares during the period. Employees Retirement System of Texas purchased a new stake in Select Income REIT during the fourth quarter valued at $2,029,000. Boston Partners purchased a new stake in Select Income REIT during the fourth quarter valued at $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 valued at $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 valued at $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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