Select Income REIT (SIR) Holdings Trimmed by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of Select Income REIT (NASDAQ:SIR) by 60.8% during the third quarter, HoldingsChannel.com reports. The firm owned 15,700 shares of the real estate investment trust’s stock after selling 24,400 shares during the period. Bessemer Group Inc.’s holdings in Select Income REIT were worth $344,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Select Income REIT by 3.3% in the 2nd quarter. BlackRock Inc. now owns 5,818,516 shares of the real estate investment trust’s stock valued at $130,743,000 after acquiring an additional 186,074 shares during the period. J. L. Bainbridge & Co. Inc. purchased a new position in shares of Select Income REIT in the 2nd quarter valued at $43,324,000. Massachusetts Financial Services Co. MA raised its stake in shares of Select Income REIT by 17.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,361,214 shares of the real estate investment trust’s stock valued at $29,865,000 after acquiring an additional 203,656 shares during the period. American Century Companies Inc. raised its stake in shares of Select Income REIT by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 1,158,726 shares of the real estate investment trust’s stock valued at $25,422,000 after acquiring an additional 217,434 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Select Income REIT by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,088,897 shares of the real estate investment trust’s stock valued at $24,467,000 after acquiring an additional 5,258 shares during the period. 48.79% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on SIR shares. Morgan Stanley raised shares of Select Income REIT from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $19.00 to $24.00 in a research note on Wednesday, September 19th. BidaskClub downgraded shares of Select Income REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 5th. JMP Securities downgraded shares of Select Income REIT to a “hold” rating in a research note on Monday, September 17th. ValuEngine raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, B. Riley set a $28.00 target price on shares of Select Income REIT and gave the company a “buy” rating in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Select Income REIT stock opened at $19.25 on Friday. Select Income REIT has a 12-month low of $17.90 and a 12-month high of $26.26. The firm has a market cap of $1.70 billion, a P/E ratio of 6.92, a PEG ratio of 3.45 and a beta of 0.80. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89.

Select Income REIT (NASDAQ:SIR) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.16. Select Income REIT had a net margin of 16.05% and a return on equity of 3.33%. The firm had revenue of $121.88 million for the quarter, compared to the consensus estimate of $116.17 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Select Income REIT will post 2.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 10.60%. The ex-dividend date of this dividend was Friday, October 26th. Select Income REIT’s dividend payout ratio (DPR) is 73.38%.

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Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

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

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