Forsta AP Fonden Has $1.80 Million Holdings in Select Income REIT (SIR)
Forsta AP Fonden raised its stake in shares of Select Income REIT (NASDAQ:SIR) by 84.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,900 shares of the real estate investment trust’s stock after acquiring an additional 35,200 shares during the quarter. Forsta AP Fonden owned approximately 0.09% of Select Income REIT worth $1,801,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of SIR. BlackRock Inc. lifted its holdings in shares of Select Income REIT by 5,038.0% during the first quarter. BlackRock Inc. now owns 5,406,092 shares of the real estate investment trust’s stock valued at $139,422,000 after acquiring an additional 5,300,875 shares during the period. Foundry Partners LLC bought a new position in shares of Select Income REIT during the second quarter valued at $3,866,000. TIAA FSB bought a new position in shares of Select Income REIT during the second quarter valued at $3,415,000. Citadel Advisors LLC lifted its holdings in shares of Select Income REIT by 354.4% during the second quarter. Citadel Advisors LLC now owns 160,976 shares of the real estate investment trust’s stock valued at $3,868,000 after acquiring an additional 125,553 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Select Income REIT by 7.5% during the second quarter. Northern Trust Corp now owns 1,693,476 shares of the real estate investment trust’s stock valued at $40,694,000 after acquiring an additional 118,408 shares during the period. 48.49% of the stock is owned by institutional investors.
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A number of research firms recently issued reports on SIR. B. Riley reaffirmed a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a report on Tuesday. FBR & Co reaffirmed a “buy” rating and issued a $34.00 price target on shares of Select Income REIT in a report on Friday, October 27th. Finally, Deutsche Bank AG lifted their price target on Select Income REIT from $5.00 to $5.50 and gave the company a “hold” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Select Income REIT presently has a consensus rating of “Buy” and a consensus target price of $22.17.
Select Income REIT (NASDAQ:SIR) opened at $25.40 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21. Select Income REIT has a twelve month low of $22.51 and a twelve month high of $26.79. The stock has a market capitalization of $2,247.92, a PE ratio of 9.37 and a beta of 0.76.
Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The business had revenue of $118.01 million during the quarter, compared to the consensus estimate of $116.73 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts predict that Select Income REIT will post 2.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, October 20th. This represents a $2.04 annualized dividend and a yield of 8.03%. Select Income REIT’s dividend payout ratio is currently 204.00%.
Select Income REIT 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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