UBS Asset Management Americas Inc. Has $3.75 Million Position in Select Income REIT (SIR)
UBS Asset Management Americas Inc. boosted its stake in Select Income REIT (NASDAQ:SIR) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 149,157 shares of the real estate investment trust’s stock after acquiring an additional 13,757 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Select Income REIT were worth $3,748,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in SIR. Schwab Charles Investment Management Inc. grew its position in Select Income REIT by 61.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 668,556 shares of the real estate investment trust’s stock valued at $15,658,000 after buying an additional 253,513 shares in the last quarter. BlackRock Inc. grew its position in Select Income REIT by 2.3% in the 4th quarter. BlackRock Inc. now owns 5,690,703 shares of the real estate investment trust’s stock valued at $143,008,000 after buying an additional 129,475 shares in the last quarter. Opus Capital Group LLC bought a new position in Select Income REIT in the 4th quarter valued at about $2,987,000. First Trust Advisors LP grew its position in Select Income REIT by 480.8% in the 4th quarter. First Trust Advisors LP now owns 112,417 shares of the real estate investment trust’s stock valued at $2,825,000 after buying an additional 93,060 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Select Income REIT by 21.8% in the 3rd quarter. Citadel Advisors LLC now owns 196,036 shares of the real estate investment trust’s stock valued at $4,591,000 after buying an additional 35,060 shares in the last quarter. Hedge funds and other institutional investors own 49.83% of the company’s stock.
SIR has been the subject of a number of recent analyst reports. B. Riley decreased their target price on shares of Select Income REIT from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, January 23rd. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.92.
Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.30). Select Income REIT had a net margin of 14.29% and a return on equity of 3.31%. The business had revenue of $117.90 million for the quarter, compared to the consensus estimate of $117.78 million. During the same quarter last year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts expect that Select Income REIT will post 2.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 26th. This represents a $2.04 annualized dividend and a dividend yield of 10.71%. Select Income REIT’s dividend payout ratio (DPR) is 272.00%.
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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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