Select Income REIT (SIR) Position Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System maintained its stake in shares of Select Income REIT (NASDAQ:SIR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,507 shares of the real estate investment trust’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.06% of Select Income REIT worth $1,298,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SIR. National Planning Corp boosted its stake in Select Income REIT by 4.8% in the fourth quarter. National Planning Corp now owns 16,328 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 745 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Select Income REIT during the fourth quarter valued at about $451,000. Finally, Russell Investments Group Ltd. purchased a new stake in Select Income REIT during the fourth quarter valued at about $2,235,000. 46.52% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Select Income REIT (NASDAQ:SIR) opened at 25.59 on Tuesday. The firm’s 50 day moving average is $25.48 and its 200 day moving average is $25.47. The firm has a market capitalization of $2.29 billion, a PE ratio of 19.68 and a beta of 0.75. Select Income REIT has a 1-year low of $21.86 and a 1-year high of $27.97.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Select Income REIT had a net margin of 22.29% and a return on equity of 4.91%. The business had revenue of $114.80 million for the quarter, compared to analysts’ expectations of $116.49 million. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Analysts anticipate that Select Income REIT will post $1.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 21st. Investors of record on Monday, January 23rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend was Thursday, January 19th. Select Income REIT’s dividend payout ratio is currently 177.39%.

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Separately, Zacks Investment Research raised shares of Select Income REIT from a “sell” rating to a “hold” rating in a research note on Thursday, January 5th.

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.

5 Day Chart for NASDAQ:SIR

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