Select Income REIT (NASDAQ:SIR) saw a significant decrease in short interest in September. As of September 28th, there was short interest totalling 603,579 shares, a decrease of 30.9% from the September 14th total of 873,165 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 1,423,484 shares, the days-to-cover ratio is currently 0.4 days.

Shares of SIR opened at $19.53 on Tuesday. Select Income REIT has a twelve month low of $17.90 and a twelve month high of $26.26. The firm has a market capitalization of $1.96 billion, a PE ratio of 7.03, a PEG ratio of 3.74 and a beta of 0.74. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.87.

Select Income REIT (NASDAQ:SIR) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.49). Select Income REIT had a net margin of 16.59% and a return on equity of 3.55%. The firm had revenue of $116.00 million during the quarter, compared to analysts’ expectations of $118.56 million. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that Select Income REIT will post 2.14 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Select Income REIT in the second quarter valued at $126,000. Bridgeworth LLC bought a new position in shares of Select Income REIT in the second quarter worth about $144,000. Eii Capital Management Inc. grew its holdings in shares of Select Income REIT by 118.8% in the second quarter. Eii Capital Management Inc. now owns 9,221 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 5,006 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Select Income REIT in the second quarter worth about $218,000. Finally, Paloma Partners Management Co bought a new position in shares of Select Income REIT in the second quarter worth about $219,000. 49.01% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on SIR. BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. ValuEngine raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Zacks Investment Research downgraded shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, TheStreet downgraded shares of Select Income REIT from a “b-” rating to a “c” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Select Income REIT currently has a consensus rating of “Hold” and a consensus target price of $23.75.

Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

Featured Article: Dow Jones Industrial Average (DJIA)

Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.