Trade Report: The 1,583 Shares of Select Income REIT (SIR) are sold by Strs Ohio

The 1,583 Shares of Select Income REIT (SIR) are sold by Strs Ohio

Strs Ohio decreased its position in Select Income REIT (NYSE:SIR) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 122,911 shares of the real estate investment trust’s stock after selling 1,583 shares during the period. Strs Ohio’s holdings in Select Income REIT were worth $3,194,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. AMP Capital Investors Ltd increased its stake in Select Income REIT by 79.5% in the first quarter. AMP Capital Investors Ltd now owns 18,966 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 8,400 shares during the period. Acadian Asset Management LLC increased its stake in Select Income REIT by 76.0% in the first quarter. Acadian Asset Management LLC now owns 20,351 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 8,786 shares during the period. Fox Run Management L.L.C. increased its stake in Select Income REIT by 6.4% in the second quarter. Fox Run Management L.L.C. now owns 21,500 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 1,300 shares during the period. Bank of Montreal Can bought a new stake in Select Income REIT during the second quarter worth about $560,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Select Income REIT by 2.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,062 shares of the real estate investment trust’s stock worth $778,000 after buying an additional 944 shares during the period.

Shares of Select Income REIT (NYSE:SIR) traded up 0.43% on Friday, hitting $25.45. 664,248 shares of the company were exchanged. The company has a 50-day moving average price of $26.89 and a 200 day moving average price of $25.48. Select Income REIT has a 52-week low of $17.07 and a 52-week high of $27.97.

Select Income REIT (NYSE:SIR) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.36. The firm had revenue of $114.90 million for the quarter, compared to analyst estimates of $114.80 million. During the same period in the prior year, the business earned $0.69 earnings per share. Select Income REIT’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect that Select Income REIT will post $1.41 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, July 19th. FBR & Co began coverage on shares of Select Income REIT in a report on Monday, August 22nd. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, JMP Securities upgraded shares of Select Income REIT from a “market perform” rating to an “outperform” rating in a report on Monday, August 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $32.67.

Select Income REIT Company Profile

Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet.

Related posts

Leave a Comment