News coverage about Select Income REIT (NASDAQ:SIR) has trended somewhat negative this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Select Income REIT earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 48.5570643773173 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Select Income REIT (NASDAQ SIR) opened at $18.96 on Friday. Select Income REIT has a 1-year low of $17.90 and a 1-year high of $26.79. The company has a debt-to-equity ratio of 1.55, a current ratio of 7.76 and a quick ratio of 7.76. The firm has a market cap of $1,696.67, a P/E ratio of 25.28 and a beta of 0.82.
Select Income REIT (NASDAQ:SIR) last posted its earnings results 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 company had revenue of $117.90 million during the quarter, compared to analyst estimates of $117.78 million. During the same quarter last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. equities analysts expect that Select Income REIT will post 2.73 earnings per share for the current fiscal year.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. B. Riley reiterated a “buy” rating on shares of Select Income REIT in a report on Tuesday, February 20th. ValuEngine downgraded shares of Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Royal Bank of Canada set a $25.00 target price on shares of Select Income REIT and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley dropped their target price on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.92.
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About Select Income REIT
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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