Select Income REIT (SIR) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in Select Income REIT (NASDAQ:SIR) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 974,394 shares of the real estate investment trust’s stock after buying an additional 26,366 shares during the period. Dimensional Fund Advisors LP’s holdings in Select Income REIT were worth $25,129,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised 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 worth $132,000 after buying an additional 1,400 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $141,000. Quantbot Technologies LP boosted its stake 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 acquired a new stake in shares of Select Income REIT during the first quarter valued at approximately $173,000. Finally, ProShare Advisors LLC boosted its stake 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. 49.01% of the stock is owned by hedge funds and other institutional investors.
Shares of Select Income REIT (NASDAQ SIR) traded down 0.39% during midday trading on Monday, reaching $23.25. 5,335 shares of the company’s stock traded hands. The company has a market capitalization of $2.08 billion, a PE ratio of 24.22 and a beta of 0.73. Select Income REIT has a 12 month low of $23.14 and a 12 month high of $27.88.
Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities research analysts predict that Select Income REIT will post $1.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend is Thursday, July 20th. Select Income REIT’s dividend payout ratio is currently 210.31%.
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Several brokerages have commented on SIR. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st.
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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