NASDAQ:SIR - Select Income REIT Stock Price, News, & Analysis

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$7.36 0.00 (0.00 %)
(As of 03/18/2019 01:25 PM ET)
Previous Close$7.36
Today's Range$7.36 - $7.36
52-Week Range$6.87 - $25.18
VolumeN/A
Average Volume1.01 million shs
Market Capitalization$659.09 million
P/E Ratio2.65
Dividend Yield27.72%
Beta0.88
SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, ILPT, properties that are primarily net leased to single tenants. As of September 30, 2018, our consolidated portfolio included 368 buildings, leasable land parcels and easements with approximately 45.8 million rentable square feet located in 36 states. SIR owned 99 of these buildings and leasable land parcels with approximately 16.5 million rentable square feet, which are primarily office buildings, and ILPT owned 269 of these buildings, leasable land parcels and easements with approximately 29.2 million rentable square feet, including 226 buildings, leasable land parcels and easements with approximately 16.8 million rentable square feet which are primarily leasable industrial and commercial lands located in Hawaii. ILPT was our wholly owned subsidiary until January 17, 2018, when it completed an initial public offering, or the ILPT IPO, of its common shares and became a publicly traded REIT. We remain ILPT's largest shareholder and, as of the date hereof, we own 45.0 million, or approximately 69.2%, of ILPT's outstanding common shares. Pursuant to the Merger Agreement, we will, subject to the satisfaction of certain conditions, distribute all 45.0 million of the ILPT common shares that we own to our shareholders prior to the merger. We have been investment grade rated since 2014, and we are included in the Russell 2000® Index and the MSCI US REIT Index.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
Current SymbolNASDAQ:SIR
CUSIP81618T10
Phone617-796-8303

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$468.10 million
Cash Flow$2.3365 per share
Book Value$22.26 per share

Profitability

Net Income$66.90 million

Miscellaneous

EmployeesN/A
Market Cap$659.09 million
Next Earnings DateN/A
OptionableOptionable

Select Income REIT (NASDAQ:SIR) Frequently Asked Questions

What is Select Income REIT's stock symbol?

Select Income REIT trades on the NASDAQ under the ticker symbol "SIR."

How often does Select Income REIT pay dividends? What is the dividend yield for Select Income REIT?

Select Income REIT declared a quarterly dividend on Thursday, October 18th. Shareholders of record on Monday, October 29th will be given a dividend of $0.51 per share on Thursday, November 15th. This represents a $2.04 annualized dividend and a yield of 27.72%. The ex-dividend date is Friday, October 26th. View Select Income REIT's Dividend History.

How were Select Income REIT's earnings last quarter?

Select Income REIT (NASDAQ:SIR) issued its quarterly earnings data on Monday, October, 29th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.16. The real estate investment trust earned $121.88 million during the quarter, compared to analyst estimates of $116.17 million. Select Income REIT had a return on equity of 3.33% and a net margin of 16.05%. Select Income REIT's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. View Select Income REIT's Earnings History.

What price target have analysts set for SIR?

3 analysts have issued twelve-month price targets for Select Income REIT's shares. Their predictions range from $24.00 to $28.00. On average, they expect Select Income REIT's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 253.3% from the stock's current price. View Analyst Price Targets for Select Income REIT.

What is the consensus analysts' recommendation for Select Income REIT?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Select Income REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Select Income REIT.

Has Select Income REIT been receiving favorable news coverage?

Headlines about SIR stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Select Income REIT earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Select Income REIT's key competitors?

What other stocks do shareholders of Select Income REIT own?

Who are Select Income REIT's key executives?

Select Income REIT's management team includes the folowing people:
  • Mr. David M. Blackman, Pres, CEO, Managing Trustee & Director (Age 55)
  • Mr. Adam David Portnoy, Managing Trustee (Age 48)
  • Mr. Jeffrey C. Leer, CFO & Treasurer (Age 39)
  • Mr. Barry Michael Portnoy, Managing Trustee (Age 73)
  • Mr. Christopher Ranjitkar, Director of Investor Relations

Who are Select Income REIT's major shareholders?

Select Income REIT's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.25%), LSV Asset Management (3.87%), Alpine Associates Management Inc. (2.16%), Massachusetts Financial Services Co. MA (2.12%), Millennium Management LLC (1.43%) and Norges Bank (1.40%). Company insiders that own Select Income REIT stock include Richard Collier Atkinson and Victor Lewis Lawrick. View Institutional Ownership Trends for Select Income REIT.

Which major investors are selling Select Income REIT stock?

SIR stock was sold by a variety of institutional investors in the last quarter, including J. L. Bainbridge & Co. Inc., Northern Trust Corp, Bank of America Corp DE, American Century Companies Inc., Citigroup Inc., LSV Asset Management, First Trust Advisors LP and Northern Capital Management LLC. View Insider Buying and Selling for Select Income REIT.

Which major investors are buying Select Income REIT stock?

SIR stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Alpine Associates Management Inc., Norges Bank, Summit Securities Group LLC, Millennium Management LLC, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board and Hsbc Holdings PLC. View Insider Buying and Selling for Select Income REIT.

How do I buy shares of Select Income REIT?

Shares of SIR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Select Income REIT's stock price today?

One share of SIR stock can currently be purchased for approximately $7.36.

How big of a company is Select Income REIT?

Select Income REIT has a market capitalization of $659.09 million and generates $468.10 million in revenue each year. The real estate investment trust earns $66.90 million in net income (profit) each year or $2.78 on an earnings per share basis.

What is Select Income REIT's official website?

The official website for Select Income REIT is http://www.sirreit.com.

How can I contact Select Income REIT?

Select Income REIT's mailing address is TWO NEWTON PLACE 255 WASHINGTON STREET SUITE 300, NEWTON MA, 02458. The real estate investment trust can be reached via phone at 617-796-8303 or via email at [email protected]


MarketBeat Community Rating for Select Income REIT (NASDAQ SIR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  269 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  576
MarketBeat's community ratings are surveys of what our community members think about Select Income REIT and other stocks. Vote "Outperform" if you believe SIR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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