The Select Income REIT (SIR) To Go Ex-Dividend on October 19th

The Select Income REIT (SIR) To Go Ex-Dividend on October 19th

Select Income REIT (NYSE:SIR) declared a quarterly dividend on Wednesday, October 12th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.51 per share by the real estate investment trust on Thursday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Wednesday, October 19th.

Select Income REIT (NYSE:SIR) opened at 25.76 on Tuesday. Select Income REIT has a one year low of $17.07 and a one year high of $27.97. The firm’s 50 day moving average price is $26.64 and its 200-day moving average price is $25.63.

Select Income REIT (NYSE:SIR) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The business had revenue of $114.90 million for the quarter, compared to analyst estimates of $114.80 million. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, analysts anticipate that Select Income REIT will post $1.41 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of Select Income REIT by 55.3% in the second quarter. Jane Street Group LLC now owns 15,818 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 5,632 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Select Income REIT during the second quarter worth approximately $218,000. AQR Capital Management LLC raised its position in shares of Select Income REIT by 167.3% in the second quarter. AQR Capital Management LLC now owns 203,658 shares of the real estate investment trust’s stock worth $5,293,000 after buying an additional 127,471 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Select Income REIT by 19.4% in the second quarter. Panagora Asset Management Inc. now owns 234,542 shares of the real estate investment trust’s stock worth $6,096,000 after buying an additional 38,056 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Select Income REIT by 46.2% in the second quarter. Barclays PLC now owns 8,633 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,728 shares in the last quarter.

A number of research firms recently weighed in on SIR. Zacks Investment Research raised Select Income REIT from a “sell” rating to a “hold” rating in a report on Friday, September 16th. JMP Securities raised Select Income REIT from a “market perform” rating to an “outperform” rating in a report on Monday, August 22nd. Finally, FBR & Co began coverage on Select Income REIT in a report on Monday, August 22nd. They set an “outperform” rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Select Income REIT has an average rating of “Buy” and an average target price of $32.67.

Select Income REIT Company Profile

Related posts

Leave a Comment