Systematic Financial Management LP decreased its position in shares of Select Income REIT (NYSE:SIR) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 74,315 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Systematic Financial Management LP’s holdings in Select Income REIT were worth $1,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in Select Income REIT by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,378 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 1,134 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Select Income REIT by 8.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,250 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 800 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Select Income REIT during the second quarter worth about $274,000. Mizuho Trust & Banking Co. Ltd. increased its position in Select Income REIT by 5.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 12,156 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 598 shares during the last quarter. Finally, IFC Holdings Incorporated FL increased its position in Select Income REIT by 11.2% in the second quarter. IFC Holdings Incorporated FL now owns 13,826 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 1,396 shares during the last quarter.

Shares of Select Income REIT (NYSE:SIR) traded up 0.30% during mid-day trading on Tuesday, reaching $26.75. 91,744 shares of the company’s stock were exchanged. Select Income REIT has a one year low of $17.07 and a one year high of $27.97. The stock has a 50-day moving average of $26.95 and a 200 day moving average of $25.02.

Select Income REIT (NYSE:SIR) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.36. The firm earned $114.90 million during the quarter, compared to the consensus estimate of $114.80 million. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts forecast that Select Income REIT will post $1.41 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. JMP Securities upgraded shares of Select Income REIT from a “market perform” rating to an “outperform” rating in a research note on Monday, August 22nd. Finally, FBR & Co started coverage on shares of Select Income REIT in a research note on Monday, August 22nd. They set an “outperform” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.67.

About Select Income REIT

Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet.

5 Day Chart for NYSE:SIR

Want to see what other hedge funds are holding SIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Income REIT (NYSE:SIR).

Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.