UBS Group AG raised its position in shares of Select Income REIT (NASDAQ:SIR) by 70.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,472 shares of the real estate investment trust’s stock after buying an additional 17,586 shares during the period. UBS Group AG’s holdings in Select Income REIT were worth $1,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its position in shares of 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 period. Ameritas Investment Partners Inc. purchased a new position in shares of Select Income REIT during the first quarter valued at approximately $141,000. Quantbot Technologies LP increased its position in shares of 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 period. Ruggie Capital Group purchased a new position in shares of Select Income REIT during the first quarter valued at approximately $173,000. Finally, ProShare Advisors LLC increased its position in shares of 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 period. Institutional investors and hedge funds own 49.06% of the company’s stock.

Shares of Select Income REIT (SIR) opened at 24.03 on Wednesday. Select Income REIT has a 52-week low of $23.15 and a 52-week high of $27.97.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.14. The company had revenue of $116.29 million during the quarter, compared to the consensus estimate of $116.50 million. Select Income REIT had a net margin of 19.58% and a return on equity of 4.34%. Select Income REIT’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Equities analysts forecast that Select Income REIT will post $1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 8.49%. The ex-dividend date of this dividend is Thursday, July 20th. Select Income REIT’s payout ratio is presently 201.98%.

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Several brokerages recently commented on SIR. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, July 7th. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th.

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

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