Select Income REIT (NASDAQ:SIR) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $23.50.

A number of equities analysts have weighed in on SIR shares. BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Select Income REIT from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Deutsche Bank increased their price target on Select Income REIT from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Royal Bank of Canada set a $25.00 price target on Select Income REIT and gave the stock a “buy” rating in a report on Tuesday.

A number of institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. lifted its holdings in shares of Select Income REIT by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 191 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Select Income REIT by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 50,107 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 588 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Select Income REIT by 9.4% during the third quarter. First Allied Advisory Services Inc. now owns 23,148 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 1,992 shares in the last quarter. Strs Ohio grew its holdings in shares of Select Income REIT by 2.3% during the fourth quarter. Strs Ohio now owns 100,071 shares of the real estate investment trust’s stock worth $2,514,000 after buying an additional 2,232 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Select Income REIT by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 208,057 shares of the real estate investment trust’s stock worth $4,869,000 after buying an additional 2,926 shares in the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.

Shares of Select Income REIT (NASDAQ:SIR) traded down $0.18 during midday trading on Monday, reaching $20.50. The company’s stock had a trading volume of 45,824 shares, compared to its average volume of 342,739. The firm has a market capitalization of $1,862.23, a P/E ratio of 20.68 and a beta of 0.66. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.21. Select Income REIT has a 1 year low of $20.22 and a 1 year high of $26.79.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $2.04 dividend on an annualized basis and a yield of 9.95%. Select Income REIT’s payout ratio is currently 204.00%.

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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.

Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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