Ladenburg Thalmann Financial Services Inc. Has $973,000 Position in Select Income REIT (SIR)

Ladenburg Thalmann Financial Services Inc. lessened its holdings in Select Income REIT (NASDAQ:SIR) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,751 shares of the real estate investment trust’s stock after selling 5,548 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Select Income REIT were worth $973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Allied Advisory Services Inc. raised its holdings in shares of Select Income REIT by 9.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 23,148 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 1,992 shares during the last quarter. Strs Ohio raised its holdings in shares of Select Income REIT by 2.3% in the 4th quarter. Strs Ohio now owns 100,071 shares of the real estate investment trust’s stock worth $2,514,000 after acquiring an additional 2,232 shares during the last quarter. QS Investors LLC raised its holdings in shares of Select Income REIT by 8.0% in the 4th quarter. QS Investors LLC now owns 35,026 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 2,604 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Select Income REIT by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 208,057 shares of the real estate investment trust’s stock valued at $4,869,000 after buying an additional 2,926 shares during the last quarter. Finally, American International Group Inc. increased its stake in Select Income REIT by 8.1% in the 3rd quarter. American International Group Inc. now owns 42,477 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 3,176 shares during the last quarter. Institutional investors own 49.78% of the company’s stock.

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Several research firms have commented on SIR. Zacks Investment Research upgraded shares of Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, December 6th. BidaskClub lowered shares of Select Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley decreased their price objective on shares of Select Income REIT from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, February 5th. B. Riley reiterated a “buy” rating on shares of Select Income REIT in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada set a $25.00 price objective on shares of Select Income REIT and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.92.

NASDAQ:SIR opened at $19.48 on Friday. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1,743.21, a price-to-earnings ratio of 7.01 and a beta of 0.82. Select Income REIT has a 52 week low of $17.90 and a 52 week high of $26.79.

Select Income REIT (NASDAQ:SIR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.30). The firm had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $117.78 million. Select Income REIT had a net margin of 14.29% and a return on equity of 3.31%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. equities analysts forecast that Select Income REIT will post 2.73 earnings per share for the current year.

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Select Income REIT 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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Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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