Massachusetts Financial Services Co. MA boosted its position in Select Income REIT (NASDAQ:SIR) by 33.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 542,441 shares of the real estate investment trust’s stock after buying an additional 136,118 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Select Income REIT were worth $13,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in Select Income REIT by 37.8% in the first quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,400 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Select Income REIT during the first quarter valued at $141,000. Quantbot Technologies LP increased its stake in Select Income REIT by 129.0% in the first quarter. Quantbot Technologies LP now owns 6,703 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,776 shares during the last quarter. Ruggie Capital Group bought a new stake in Select Income REIT during the first quarter valued at $173,000. Finally, ProShare Advisors LLC increased its stake in Select Income REIT by 317.1% in the first quarter. ProShare Advisors LLC now owns 42,507 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 32,317 shares during the last quarter. Hedge funds and other institutional investors own 49.03% of the company’s stock.

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

Select Income REIT (SIR) traded down 0.84% during mid-day trading on Tuesday, hitting $24.69. The company had a trading volume of 64,886 shares. Select Income REIT has a 1-year low of $23.25 and a 1-year high of $27.97. The company has a 50 day moving average of $24.32 and a 200 day moving average of $25.17. The firm has a market capitalization of $2.21 billion, a PE ratio of 24.45 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.14. Select Income REIT had a return on equity of 4.34% and a net margin of 19.58%. The firm had revenue of $116.29 million during the quarter, compared to analysts’ expectations of $116.50 million. During the same period in the prior year, the firm posted $0.74 earnings per share. Select Income REIT’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts predict that Select Income REIT will post $1.23 earnings per share for the current fiscal year.

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SIR has been the topic of several recent research reports. Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. BidaskClub upgraded Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.

Select Income REIT Company Profile

Select Income REIT is a real estate investment trust. The Company is engaged in the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. As of December 31, 2016, the Company owned 121 properties (362 buildings, leasable land parcels and easements) with approximately 44.8 million rentable square feet.

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