Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Select Income REIT (NASDAQ:SIR) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,025 shares of the real estate investment trust’s stock after selling 3,150 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Select Income REIT were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Suntrust Banks Inc. lifted its stake in shares of Select Income REIT by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 191 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Select Income REIT by 3.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 16,078 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 570 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Select Income REIT by 15.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,343 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 575 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Select Income REIT by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,107 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 588 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Select Income REIT by 13.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 700 shares during the last quarter. 48.12% of the stock is currently owned by institutional investors and hedge funds.

Select Income REIT (NASDAQ SIR) opened at $25.33 on Thursday. Select Income REIT has a 12 month low of $22.51 and a 12 month high of $26.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2,291.77, a PE ratio of 9.56 and a beta of 0.76.

Select Income REIT (NASDAQ:SIR) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Select Income REIT had a return on equity of 4.36% and a net margin of 19.15%. The firm had revenue of $118.01 million for the quarter, compared to analyst estimates of $116.73 million. During the same period in the previous year, the company posted $0.69 EPS. Select Income REIT’s revenue was up 2.6% on a year-over-year basis. analysts forecast that Select Income REIT will post 2.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend was Friday, October 20th. Select Income REIT’s payout ratio is 204.00%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Deutsche Bank increased their target price on Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Thursday, October 26th. FBR & Co reissued a “buy” rating and set a $34.00 target price on shares of Select Income REIT in a research note on Friday, October 27th. Finally, B. Riley reissued a “buy” rating on shares of Select Income REIT in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.17.

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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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