PVG Asset Management Corp reduced its holdings in shares of Select Income REIT (NASDAQ:SIR) by 16.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,010 shares of the real estate investment trust’s stock after selling 11,410 shares during the quarter. PVG Asset Management Corp owned approximately 0.06% of Select Income REIT worth $1,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SIR. Aperio Group LLC grew its stake in shares of Select Income REIT by 17.6% in the third quarter. Aperio Group LLC now owns 21,437 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 3,212 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Select Income REIT by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 753,163 shares of the real estate investment trust’s stock valued at $17,638,000 after buying an additional 7,425 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Select Income REIT by 33.3% in the third quarter. SG Americas Securities LLC now owns 13,786 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 3,441 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Select Income REIT by 3.5% in the third quarter. ClariVest Asset Management LLC now owns 244,200 shares of the real estate investment trust’s stock valued at $5,720,000 after buying an additional 8,300 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Select Income REIT by 71.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 73,000 shares of the real estate investment trust’s stock valued at $1,710,000 after buying an additional 30,300 shares in the last quarter. 49.78% of the stock is owned by institutional investors.

Select Income REIT stock traded down $0.19 during mid-day trading on Monday, reaching $18.99. 21,769 shares of the company’s stock were exchanged, compared to its average volume of 397,777. The company has a debt-to-equity ratio of 1.55, a quick ratio of 7.76 and a current ratio of 7.76. Select Income REIT has a 1 year low of $17.90 and a 1 year high of $26.79. The company has a market capitalization of $1,716.36, a PE ratio of 25.57 and a beta of 0.82.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.30). Select Income REIT had a return on equity of 3.31% and a net margin of 14.29%. The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $117.78 million. During the same period last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. research analysts expect that Select Income REIT will post 2.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date was Friday, January 26th. Select Income REIT’s dividend payout ratio is currently 272.00%.

SIR has been the subject of several 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 note on Thursday, February 8th. Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised 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 cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.92.

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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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