The 250 Shares of Select Income REIT (SIR) are sold by First Mercantile Trust Co.

The 250 Shares of Select Income REIT (SIR) are sold by First Mercantile Trust Co.

First Mercantile Trust Co. lowered its stake in shares of Select Income REIT (NYSE:SIR) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the real estate investment trust’s stock after selling 250 shares during the period. First Mercantile Trust Co.’s holdings in Select Income REIT were worth $101,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in shares of Select Income REIT by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,378 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 1,134 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Select Income REIT by 8.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,250 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 800 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Select Income REIT during the second quarter worth approximately $274,000. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Select Income REIT by 5.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 12,156 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 598 shares in the last quarter. Finally, IFC Holdings Incorporated FL raised its position in shares of Select Income REIT by 11.2% in the second quarter. IFC Holdings Incorporated FL now owns 13,826 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 1,396 shares in the last quarter.

Shares of Select Income REIT (NYSE:SIR) opened at 25.45 on Friday. The stock has a 50 day moving average of $26.89 and a 200 day moving average 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 data on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.36. The company earned $114.90 million during the quarter, compared to analyst estimates of $114.80 million. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. On average, analysts anticipate that Select Income REIT will post $1.41 earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Select Income REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. JMP Securities upgraded shares of Select Income REIT from a “market perform” rating to an “outperform” rating in a report on Monday, August 22nd. Finally, FBR & Co assumed 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 on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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.

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