First Heartland Consultants Inc. reduced its position in Select Income REIT (NASDAQ:SIR) by 29.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,814 shares of the real estate investment trust’s stock after selling 3,625 shares during the period. First Heartland Consultants Inc.’s holdings in Select Income REIT were worth $237,000 as of its most recent filing with the SEC.

Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

Shares of Select Income REIT (NASDAQ:SIR) opened at 25.74 on Friday. The company’s 50 day moving average price is $25.49 and its 200 day moving average price is $25.68. Select Income REIT has a 12 month low of $19.48 and a 12 month high of $27.97. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 22.32 and a beta of 0.75.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The company earned $114.80 million during the quarter, compared to analyst estimates of $116.49 million. Select Income REIT had a return on equity of 4.91% and a net margin of 22.29%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. On average, equities analysts expect that Select Income REIT will post $1.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Shareholders of record on Monday, January 23rd will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, January 19th. This represents a $2.04 dividend on an annualized basis and a yield of 7.93%. Select Income REIT’s payout ratio is 177.39%.

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A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. FBR & Co reiterated an “outperform” rating and issued a $34.00 price target (down previously from $35.00) on shares of Select Income REIT in a research report on Friday, October 28th.

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 NASDAQ:SIR

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