Ameriprise Financial Inc. reduced its holdings in shares of Select Income REIT (NASDAQ:SIR) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 536,402 shares of the real estate investment trust’s stock after selling 9,228 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.60% of Select Income REIT worth $12,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. TIAA CREF Investment Management LLC boosted its stake in shares of Select Income REIT by 15.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 218,007 shares of the real estate investment trust’s stock worth $5,239,000 after acquiring an additional 28,749 shares during the period. Teachers Advisors LLC boosted its stake in shares of Select Income REIT by 4.6% during the 2nd quarter. Teachers Advisors LLC now owns 134,717 shares of the real estate investment trust’s stock worth $3,237,000 after acquiring an additional 5,927 shares during the period. Martingale Asset Management L P boosted its stake in shares of Select Income REIT by 581.1% during the 2nd quarter. Martingale Asset Management L P now owns 100,119 shares of the real estate investment trust’s stock worth $2,406,000 after acquiring an additional 85,419 shares during the period. AXA boosted its stake in shares of Select Income REIT by 12.7% during the 2nd quarter. AXA now owns 195,000 shares of the real estate investment trust’s stock worth $4,686,000 after acquiring an additional 21,900 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of Select Income REIT by 7.8% during the 2nd quarter. Systematic Financial Management LP now owns 70,440 shares of the real estate investment trust’s stock worth $1,693,000 after acquiring an additional 5,105 shares during the period. Institutional investors own 48.23% of the company’s stock.

Shares of Select Income REIT (NASDAQ SIR) opened at 23.89 on Friday. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $26.79.

Select Income REIT (NASDAQ:SIR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. The business had revenue of $115.87 million during the quarter, compared to the consensus estimate of $117.21 million. During the same period in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Select Income REIT will post $0.99 EPS for the current fiscal year.

Several brokerages have recently commented on SIR. BidaskClub downgraded Select Income REIT from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th.

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About Select Income REIT

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.

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

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