First Trust Advisors LP Boosts Position in Select Income REIT (SIR)

First Trust Advisors LP raised its position in Select Income REIT (NASDAQ:SIR) by 189.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,932 shares of the real estate investment trust’s stock after buying an additional 224,435 shares during the period. First Trust Advisors LP owned approximately 0.38% of Select Income REIT worth $8,844,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Select Income REIT during the fourth quarter worth about $19,311,000. Numeric Investors LLC raised its position in shares of Select Income REIT by 189.7% in the fourth quarter. Numeric Investors LLC now owns 1,137,247 shares of the real estate investment trust’s stock worth $28,659,000 after buying an additional 744,658 shares during the last quarter. State Street Corp raised its position in shares of Select Income REIT by 7.6% in the fourth quarter. State Street Corp now owns 1,395,028 shares of the real estate investment trust’s stock worth $35,155,000 after buying an additional 98,178 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Select Income REIT during the fourth quarter worth about $2,235,000. Finally, Allianz Asset Management AG raised its position in shares of Select Income REIT by 95.3% in the fourth quarter. Allianz Asset Management AG now owns 98,670 shares of the real estate investment trust’s stock worth $2,486,000 after buying an additional 48,159 shares during the last quarter. 49.21% of the stock is owned by institutional investors and hedge funds.

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

Shares of Select Income REIT (NASDAQ:SIR) traded down 0.80% during midday trading on Friday, hitting $24.66. The stock had a trading volume of 991,164 shares. The stock has a 50-day moving average of $24.33 and a 200 day moving average of $25.16. Select Income REIT has a 52 week low of $23.25 and a 52 week high of $27.97. The stock has a market cap of $2.21 billion, a PE ratio of 24.42 and a beta of 0.77.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.14. Select Income REIT had a net margin of 19.58% and a return on equity of 4.34%. The firm had revenue of $116.29 million during the quarter, compared to analyst estimates of $116.50 million. During the same period last year, the firm earned $0.74 EPS. Select Income REIT’s quarterly revenue was down .8% on a year-over-year basis. Analysts anticipate that Select Income REIT will post $1.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Friday, April 21st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 8.27%. The ex-dividend date was Wednesday, April 19th. Select Income REIT’s dividend payout ratio (DPR) is 201.98%.

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A number of equities analysts have issued reports on the company. BidaskClub raised Select Income REIT from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Select Income REIT from a “hold” rating to a “sell” rating in a research note on Wednesday.

About Select Income REIT

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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