First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Select Income REIT (NASDAQ:SIR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $251,000.
Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in Select Income REIT by 21.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,352 shares of the real estate investment trust’s stock worth $477,000 after purchasing an additional 3,637 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Select Income REIT during the 3rd quarter worth approximately $331,000. Eii Capital Management Inc. acquired a new position in Select Income REIT during the 3rd quarter worth approximately $618,000. California Public Employees Retirement System increased its position in Select Income REIT by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 114,691 shares of the real estate investment trust’s stock valued at $2,686,000 after acquiring an additional 3,391 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Select Income REIT by 11.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,299 shares of the real estate investment trust’s stock valued at $1,039,000 after acquiring an additional 4,718 shares during the period. 47.91% of the stock is owned by institutional investors and hedge funds.
Shares of Select Income REIT (NASDAQ SIR) opened at $23.38 on Tuesday. The company has a market cap of $2,090.00, a PE ratio of 23.38 and a beta of 0.79. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.21. Select Income REIT has a 1-year low of $22.51 and a 1-year high of $26.79.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors 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 8.73%. Select Income REIT’s dividend payout ratio (DPR) is presently 204.00%.
Several equities analysts have issued reports on the stock. B. Riley restated a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Select Income REIT in a research note on Friday, October 27th. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, December 6th. Finally, BidaskClub raised shares of Select Income REIT from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Select Income REIT has an average rating of “Hold” and a consensus price target of $22.50.
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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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