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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
Current SymbolNASDAQ:SIR
Previous Symbol
CUSIP81618T10
Phone617-796-8303
Debt
Debt-to-Equity Ratio0.89
Current Ratio1.71
Quick Ratio1.71
Price-To-Earnings
Trailing P/E Ratio6.88
Forward P/E Ratio9.51
P/E Growth3.49
Sales & Book Value
Annual Sales$468.10 million
Price / Sales3.66
Cash Flow$2.3317 per share
Price / Cash Flow8.20
Book Value$22.26 per share
Price / Book0.86
Profitability
EPS (Most Recent Fiscal Year)$2.78
Net Income$66.90 million
Net Margins16.05%
Return on Equity3.33%
Return on Assets1.58%
Miscellaneous
EmployeesN/A
Outstanding Shares89,550,000
Market Cap$1.72 billion
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 announced a quarterly dividend on Thursday, October 18th. Investors 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 dividend on an annualized basis and a yield of 10.67%. 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, beating the consensus estimate of $0.17 by $0.16. The real estate investment trust had revenue of $121.88 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. View Select Income REIT's Earnings History.
When is Select Income REIT's next earnings date?
What price target have analysts set for SIR?
4 brokerages have issued 12 month target prices for Select Income REIT's stock. Their forecasts range from $24.00 to $28.00. On average, they anticipate Select Income REIT's share price to reach $25.6667 in the next year. This suggests a possible upside of 34.2% from the stock's current price. View Analyst Price Targets for Select Income REIT.
What is the consensus analysts' recommendation for Select Income REIT?
4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Select Income REIT.
Has Select Income REIT been receiving favorable news coverage?
News headlines about SIR stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative press 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 media sentiment score of 1.0 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Are investors shorting Select Income REIT?
Select Income REIT saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,465,265 shares, an increase of 54.2% from the October 31st total of 950,357 shares. Based on an average trading volume of 768,006 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.3% of the shares of the stock are short sold. View Select Income REIT's Current Options Chain.
Who are some of Select Income REIT's key competitors?
Some companies that are related to Select Income REIT include Liberty Property Trust (LPT), Store Capital (STOR), Douglas Emmett (DEI), American Homes 4 Rent (AMH), Medical Properties Trust (MPW), Starwood Property Trust (STWD), CyrusOne (CONE), American Campus Communities (ACC), CubeSmart (CUBE), Healthcare Trust Of America (HTA), New Residential Investment (NRZ), EPR Properties (EPR), Brixmor Property Group (BRX), JBG SMITH Properties (JBGS) and Life Storage (LSI).
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. John Christopher Popeo CPA, CFO, Principal Accounting Officer & Treasurer (Age 58)
- Mr. Adam David Portnoy, Managing Trustee (Age 48)
- 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 a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.48%), BlackRock Inc. (6.45%), LSV Asset Management (4.01%), Massachusetts Financial Services Co. MA (1.52%), American Century Companies Inc. (1.29%) and Manikay Partners LLC (1.23%). 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 institutional investors are selling Select Income REIT stock?
SIR stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., LSV Asset Management, Prudential Financial Inc., Panagora Asset Management Inc., United Services Automobile Association, Martingale Asset Management L P, TIAA CREF Investment Management LLC and BlackRock Inc.. View Insider Buying and Selling for Select Income REIT.
Which institutional investors are buying Select Income REIT stock?
SIR stock was acquired by a variety of institutional investors in the last quarter, including Manikay Partners LLC, Mirae Asset Global Investments Co. Ltd., Mackenzie Financial Corp, American Century Companies Inc., Massachusetts Financial Services Co. MA, Highland Capital Management LP, AXA and DLD Asset Management LP. 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 $19.12.
How big of a company is Select Income REIT?
Select Income REIT has a market capitalization of $1.72 billion 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?
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)
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.
