The stock of Select Income REIT (NASDAQ:SIR) is a huge mover today! The stock decreased 1.25% or $0.34 during the last trading session, hitting $26.9. Select Income REIT (NASDAQ:SIR) has risen 23.93% since March 2, 2016 and is uptrending. It has outperformed by 15.67% the S&P500.
The move comes after 6 months negative chart setup for the $2.39 billion company. It was reported on Oct, 6 by Barchart.com. We have $25.29 PT which if reached, will make NASDAQ:SIR worth $143.40 million less.
Analysts await Select Income REIT (NASDAQ:SIR) to report earnings on October, 25. They expect $0.75 EPS, up 4.17% or $0.03 from last year’s $0.72 per share. SIR’s profit will be $66.64M for 8.97 P/E if the $0.75 EPS becomes a reality. After $0.72 actual EPS reported by Select Income REIT for the previous quarter, Wall Street now forecasts 4.17% EPS growth.
According to Zacks Investment Research, “Select Income REIT is a real estate company formed to primarily own and invest in net leased, single tenant properties. It has properties in Oahu, Hawaii and the mainland United States. Select Income REIT is headquartered in Newton, MA.”
Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.41, from 1.64 in 2016Q1. The ratio dived, as 13 funds sold all Select Income REIT shares owned while 60 reduced positions. 24 funds bought stakes while 66 increased positions. They now own 38.69 million shares or 2.74% more from 37.66 million shares in 2016Q1.
Hbk L P last reported 0.03% of its portfolio in the stock. Moreover, Massachusetts Fincl Svcs Ma has 0.01% invested in Select Income REIT (NASDAQ:SIR) for 406,798 shares. Metropolitan Life Ny holds 0.01% of its portfolio in Select Income REIT (NASDAQ:SIR) for 49,424 shares. Strs Ohio reported 122,911 shares or 0.01% of all its holdings. Lpl Fincl Limited Company owns 237,389 shares or 0.05% of their US portfolio. Cetera Advisor Net Limited Company holds 0.03% or 21,859 shares in its portfolio. Teachers last reported 0% of its portfolio in the stock. Blackrock Advsr Ltd Liability holds 30,209 shares or 0% of its portfolio. Pear Tree Advisors holds 0.5% of its portfolio in Select Income REIT (NASDAQ:SIR) for 45,722 shares. Moreover, Amer Century has 0.01% invested in Select Income REIT (NASDAQ:SIR) for 323,314 shares. Acadian Asset Mngmt Lc has invested 0% of its portfolio in Select Income REIT (NASDAQ:SIR). California State Teachers Retirement Sys has 0.01% invested in the company for 133,225 shares. Citigroup Inc holds 0% of its portfolio in Select Income REIT (NASDAQ:SIR) for 38,416 shares. Opus Gru Ltd, a Ohio-based fund reported 211,696 shares. Us Bank & Trust De holds 0% or 112 shares in its portfolio.
More notable recent Select Income REIT (NASDAQ:SIR) news were published by: Fool.com which released: “Will Select Income REIT Sink or Swim?” on April 12, 2016, also Fool.com with their article: “1 Key Select Income REIT Stock Number You Must Know” published on June 07, 2016, Wsj.com published: “Select Income REIT to Buy Cole Corporate Income Trust for $3 Billion” on September 02, 2014. More interesting news about Select Income REIT (NASDAQ:SIR) were released by: Nasdaq.com and their article: “Select Income REIT (SIR) Ex-Dividend Date Scheduled for July 20, 2016” published on July 19, 2016 as well as Seekingalpha.com‘s news article titled: “Select Income REIT: Unloved, But Poised To Outperform” with publication date: December 02, 2015.
SIR Company Profile
Select Income REIT, incorporated on December 19, 2011, is a real estate investment trust. The Firm 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 Firm owns approximately 120 properties with over 44.7 million rentable square feet. The Company’s properties include approximately 110 office and industrial properties with over 26.9 million square feet located in approximately 30 states across the mainland United States (Mainland Properties), and over 10 properties located on the island of Oahu, Hawaii (Hawaii Properties), with approximately 17.8 million rentable square feet that are primarily leased to industrial and commercial tenants.
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