About Select Income REIT (NASDAQ:SIR)
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. As of December 31, 2016, the Company's properties consisted of 110 office and industrial properties (133 buildings) with approximately 27.0 million square feet located in 34 states throughout the mainland United States (Mainland Properties), and 11 properties (229 buildings, leasable land parcels and easements) located on the island of Oahu, Hawaii, with approximately 17.8 million rentable square feet that are primarily leased to industrial and commercial tenants (Hawaii Properties). As of December 31, 2016, the Company's properties were leased to 312 different tenants.
Industry, Sector and Symbol:
- Industry: Commercial REITs
- Sub-Industry: Diversified REITs
- Sector: Commercial REITs - NEC
- Symbol: NASDAQ:SIR
- CUSIP: 81618T10
- Web: www.sirreit.com
- Debt-to-Equity Ratio: 1.21%
- Current Ratio: 1.51%
- Quick Ratio: 1.51%
Sales & Book Value:
- Trailing P/E Ratio: 9.47
- Forward P/E Ratio: 9.40
- Annual Sales: $462.01 million
- Price / Sales: 4.91
- Cash Flow: $2.84 per share
- Price / Cash: 8.93
- Book Value: $22.60 per share
- Price / Book: 1.12
- Annual Dividend: $2.04
- Dividend Yield: 8.1%
- Trailing EPS: $1.00
- Net Income: $116.32 million
- Net Margins: 19.15%
- Return on Equity: 4.36%
- Return on Assets: 1.91%
- Outstanding Shares: 89,490,000
Frequently Asked Questions for Select Income REIT (NASDAQ:SIR)
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 Friday, October 13th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.51 per share on Thursday, November 16th. This represents a $2.04 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Friday, October 20th. View Select Income REIT's Dividend History.
How were Select Income REIT's earnings last quarter?
Select Income REIT (NASDAQ:SIR) issued its earnings results on Friday, October, 27th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.01. The real estate investment trust earned $118.01 million during the quarter, compared to the consensus estimate of $116.73 million. Select Income REIT had a net margin of 19.15% and a return on equity of 4.36%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. View Select Income REIT's Earnings History.
When will Select Income REIT make its next earnings announcement?
Where is Select Income REIT's stock going? Where will Select Income REIT's stock price be in 2017?
3 Wall Street analysts have issued 12 month price objectives for Select Income REIT's shares. Their predictions range from $5.50 to $34.00. On average, they expect Select Income REIT's share price to reach $19.75 in the next twelve months. View Analyst Ratings for Select Income REIT.
What are Wall Street analysts saying about Select Income REIT stock?
Here are some recent quotes from research analysts about Select Income REIT stock:
- 1. 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. " (11/8/2017)
- 2. FBR & Co analysts commented, "Select Income REIT posted mostly in-line 3Q17 results that were only slightly mixed versus estimates. Adjusted EBITDA increased 2.8% to $85.7 million, a beat compared to our estimate of $85.4 million and consensus estimate of $85.3 million. Normalized FFO per diluted share came in at $0.68, just missing ours and consensus estimate of $0.69. The key reason for the FFO/share differential was higher interest expense ($24.4 million) than our estimate ($23.4 million). Occupancy was a very healthy 96.2%, above our estimate of 96.1% and 2Q17 occupancy of 95.9%. In short, SIR delivered a solid quarter and investors, in our view, should be more constructive on the shares given that management continues to deliver stable results, a very attractive (and well covered) $2.04/share dividend (8.5% yield), and SIR remains investment-grade rated. We continue to believe investors are missing the evidence that ~37% of the SIR portfolio is comprised of industrial assets, which trade at a materially higher multiple (~23.8x 2017E EBITDA) than office (~17.0x) and SIR, now at 13.5x. Although the shares traded well on Friday (+4.0%), we think a potential spin-off of the industrial assets could yield material shareholder gains." (10/27/2017)
Are investors shorting Select Income REIT?
Select Income REIT saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 792,618 shares, a decrease of 30.7% from the October 13th total of 1,143,097 shares. Based on an average daily trading volume, of 276,515 shares, the short-interest ratio is currently 2.9 days. Approximately 1.3% of the shares of the company are short sold.
Who are some of Select Income REIT's key competitors?
Some companies that are related to Select Income REIT include Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN), NRF Holdco LLC (NRF), Intu Properties PLC (INTU), Shaftesbury PLC (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), American Assets Trust (AAT), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL), Seritage Growth Properties (SRG), Monmouth Real Estate Investment (MNR) and Hannon Armstrong Sustainable Infrastructure Capital (HASI).
Who are Select Income REIT's key executives?
Select Income REIT's management team includes the folowing people:
- David M. Blackman, President, Chief Operating Officer (Age 54)
- John C. Popeo, Chief Financial Officer, Treasurer (Age 56)
- Jennifer B. Clark, Secretary (Age 56)
- Donna D. Fraiche, Independent Trustee (Age 65)
- William A Lamkin, Independent Trustee (Age 57)
- Adam D. Portnoy, Managing Trustee (Age 46)
- Barry M. Portnoy, Managing Trustee (Age 71)
- Jeffrey P. Somers, Independent Trustee (Age 73)
Who owns Select Income REIT stock?
Select Income REIT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.15%), Bank of New York Mellon Corp (0.84%), American Century Companies Inc. (0.82%), Schwab Charles Investment Management Inc. (0.75%), Prudential Financial Inc. (0.68%) and Global X MANAGEMENT CO LLC (0.41%). Company insiders that own Select Income REIT stock include Richard Collier Atkinson, Sheri Rempel and Victor Lewis Lawrick. View Institutional Ownership Trends for Select Income REIT.
Who sold Select Income REIT stock? Who is selling Select Income REIT stock?
Select Income REIT's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., American Century Companies Inc., Prudential Financial Inc., Allianz Asset Management GmbH, Dupont Capital Management Corp, Virginia Retirement Systems ET AL, Wasatch Advisors Inc. and California State Teachers Retirement System. View Insider Buying and Selling for Select Income REIT.
Who bought Select Income REIT stock? Who is buying Select Income REIT stock?
Select Income REIT's stock was purchased by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., Foundry Partners LLC, IndexIQ Advisors LLC, Forsta AP Fonden, Citadel Advisors LLC, Northern Capital Management LLC, Dimensional Fund Advisors LP and Fuller & Thaler Asset Management Inc.. View Insider Buying and Selling for Select Income REIT.
How do I buy Select Income REIT stock?
Shares of Select Income REIT 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 Select Income REIT stock can currently be purchased for approximately $25.37.
How big of a company is Select Income REIT?
Select Income REIT has a market capitalization of $2.27 billion and generates $462.01 million in revenue each year. The real estate investment trust earns $116.32 million in net income (profit) each year or $1.00 on an earnings per share basis.
How can I contact Select Income REIT?
Select Income REIT's mailing address is 255 Washington St Ste 300, NEWTON, MA 02458-1634, United States. The real estate investment trust can be reached via phone at +1-617-7968303 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Select Income REIT (NASDAQ:SIR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$19.75 (22.15% downside)|
Consensus Price Target History for Select Income REIT (NASDAQ:SIR)
Analysts' Ratings History for Select Income REIT (NASDAQ:SIR)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/1/2017||B. Riley||Reiterated Rating||Buy||N/A|
|10/27/2017||FBR & Co||Reiterated Rating||Buy||$34.00||N/A|
|10/26/2017||Deutsche Bank AG||Boost Price Target||Hold||$5.00 -> $5.50||N/A|
|8/22/2016||JMP Securities||Upgrade||Market Perform -> Outperform||N/A|
Earnings History and Estimates Chart for Select Income REIT (NASDAQ:SIR)
Earnings History by Quarter for Select Income REIT (NASDAQ SIR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/27/2017||Q3 2017||$0.69||$0.68||$116.73 million||$118.01 million||View||N/A|
|7/25/2017||Q2 2017||$0.34||$0.30||$117.21 million||$115.87 million||View||N/A|
|4/25/2017||Q1 2017||$0.73||$0.59||$116.50 million||$116.29 million||View||N/A|
|2/16/2017||Q416||$0.71||$0.71||$116.49 million||$114.80 million||View||N/A|
|10/25/2016||Q316||$0.34||$0.69||$115.13 million||$115.00 million||View||Listen|
|7/26/2016||Q216||$0.36||$0.72||$114.80 million||$114.90 million||View||Listen|
|4/26/2016||Q116||$0.36||$0.74||$114.00 million||$117.23 million||View||Listen|
|2/16/2016||Q415||$0.34||$0.76||$112.65 million||$114.74 million||View||Listen|
|10/27/2015||Q315||$0.70||$0.72||$107.70 million||$111.94 million||View||Listen|
|7/28/2015||Q215||$0.70||$0.70||$108.60 million||$107.20 million||View||Listen|
|4/28/2015||Q115||$0.67||$0.70||$88.60 million||$94.40 million||View||N/A|
|2/18/2015||Q414||$0.49||$0.65||$57.00 million||$56.40 million||View||N/A|
|10/27/2014||Q314||$0.49||$0.57||$58.50 million||$56.70 million||View||Listen|
|7/28/2014||Q214||$0.46||$0.72||$57.85 million||$56.60 million||View||N/A|
|4/25/2014||Q114||$0.51||$0.73||$53.10 million||$53.00 million||View||Listen|
|2/20/2014||Q313||$0.49||$0.48||$50.20 million||$49.93 million||View||Listen|
|10/31/2013||$0.68||$0.66||$50.75 million||$48.60 million||View||N/A|
|8/1/2013||Q213||$0.56||$0.58||$43.78 million||$45.95 million||View||Listen|
|5/2/2013||Q113||$0.70||$0.76||$40.60 million||$43.90 million||View||N/A|
|2/22/2013||$0.71||$0.71||$35.70 million||$36.41 million||View||N/A|
|11/1/2012||Q312||$0.49||$0.65||$29.02 million||$30.88 million||View||N/A|
Earnings Estimates for Select Income REIT (NASDAQ:SIR)
Current Year EPS Consensus Estimate: $2.7 EPS
Next Year EPS Consensus Estimate: $2.8 EPS
Current Dividend Information for Select Income REIT (NASDAQ:SIR)
|Most Recent Dividend:||11/16/2017|
|Payout Ratio:||204.00% (Trailing 12 Months of Earnings) |
75.56% (Based on This Year's Estimates)
72.86% (Based on Next Year's Estimates)
Dividend History by Quarter for Select Income REIT (NASDAQ SIR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Select Income REIT (NASDAQ SIR)
Insider Ownership Percentage: 2.02%
Institutional Ownership Percentage: 48.13%
Insider Trades by Quarter for Select Income REIT (NASDAQ SIR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/10/2017||Victor Lewis Lawrick||Director||Sell||75,000||$0.20||$15,000.00|
|7/28/2017||Victor Lewis Lawrick||Director||Sell||177,200||$0.20||$35,440.00|
|4/7/2017||Richard Collier Atkinson||Insider||Buy||67,000||$0.16||$10,720.00|
|5/6/2016||Richard Collier Atkinson||Insider||Buy||169,000||$0.08||$13,520.00|
|7/17/2015||David W Moore||Director||Buy||100,000||$0.04||$3,500.00|
|7/9/2014||Barry M Portnoy||Director||Buy||275,000||$31.51||$8,665,250.00|| |
Headline Trends for Select Income REIT (NASDAQ:SIR)
Latest Headlines for Select Income REIT (NASDAQ SIR)
|Short Interest in Select Income REIT (SIR) Declines By 30.7%|
www.americanbankingnews.com - November 14 at 2:26 AM
|Have Investors Already Priced In Select Income REIT’s (SIR) Growth?|
finance.yahoo.com - November 11 at 1:38 PM
|Select Income REIT breached its 50 day moving average in a Bullish Manner : SIR-US : November 8, 2017|
finance.yahoo.com - November 9 at 1:27 PM
|Analysts Anticipate Select Income REIT (SIR) to Post $0.70 Earnings Per Share|
www.americanbankingnews.com - November 4 at 7:40 PM
|Head-To-Head Survey: Brookfield Canada Office Properties (BOXC) versus Select Income REIT (SIR)|
www.americanbankingnews.com - November 3 at 1:10 AM
|Bullish Two Hundred Day Moving Average Cross - SIR|
www.nasdaq.com - November 2 at 8:49 AM
|Select Income REIT (SIR) Receives "Buy" Rating from FBR & Co|
www.americanbankingnews.com - October 28 at 6:46 PM
|BidaskClub Downgrades Select Income REIT (SIR) to Hold|
www.americanbankingnews.com - October 28 at 7:34 AM
|Select Income's (SIR) Management on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - October 28 at 5:25 AM
|Select Income REIT breached its 50 day moving average in a Bearish Manner : SIR-US : October 26, 2017|
finance.yahoo.com - October 28 at 5:25 AM
|Select Income REIT : SIR-US: Dividend Analysis : October 23rd, 2017 (record date) : By the numbers : October 26, 2017|
finance.yahoo.com - October 28 at 5:24 AM
|Will Select Income REIT’s (SIR) Earnings Grow In Next 12 Months?|
finance.yahoo.com - October 28 at 5:24 AM
|Edited Transcript of SIR earnings conference call or presentation 27-Oct-17 2:00pm GMT|
finance.yahoo.com - October 28 at 5:24 AM
|Select Income REIT (SIR) Releases Earnings Results, Misses Expectations By $0.01 EPS|
www.americanbankingnews.com - October 27 at 3:40 PM
|Zacks Investment Research Upgrades Select Income REIT (SIR) to Hold|
www.americanbankingnews.com - October 24 at 7:08 AM
|Analyzing Excel Trust (EXL) and Select Income REIT (SIR)|
www.americanbankingnews.com - October 22 at 12:24 AM
|Select Income REIT (SIR) Set to Announce Quarterly Earnings on Friday|
www.americanbankingnews.com - October 20 at 1:08 AM
|Comparing Brookfield Canada Office Properties (BOXC) & Select Income REIT (SIR)|
www.americanbankingnews.com - October 19 at 8:28 PM
|Will Select Income REIT (SIR) Continue To Underperform Its Industry?|
finance.yahoo.com - October 17 at 7:19 AM
|Select Income REIT (SIR) Rating Increased to Buy at BidaskClub|
www.americanbankingnews.com - October 14 at 12:54 PM
|Select Income REIT to Issue Quarterly Dividend of $0.51 (SIR)|
www.americanbankingnews.com - October 13 at 5:44 PM
|Short Interest Decreases By 30.4% For SIR|
www.thestreet.com - October 12 at 4:10 PM
|Select Income REIT Breaks Above 200-Day Moving Average - Bullish for SIR - Nasdaq|
www.nasdaq.com - October 12 at 9:29 AM
|5 Rate-Proof REITs Paying Up to 12%? 3 to Buy, 2 to Avoid - Nasdaq|
www.nasdaq.com - October 6 at 10:39 AM
|Head-To-Head Survey: Excel Trust (EXL) vs. Select Income REIT (SIR)|
www.americanbankingnews.com - October 4 at 10:38 AM
|Head-To-Head Review: Select Income REIT (SIR) versus Its Competitors|
www.americanbankingnews.com - October 3 at 10:22 PM
|Does Select Income REIT’s (SIR) PE Ratio Signal A Buying Opportunity?|
finance.yahoo.com - September 30 at 10:00 AM
|Head to Head Comparison: Select Income REIT (SIR) & Cousins Properties (CUZ)|
www.americanbankingnews.com - September 25 at 12:26 AM
|Select Income REIT breached its 50 day moving average in a Bullish Manner : SIR-US : September 18, 2017|
finance.yahoo.com - September 19 at 7:40 AM
|Comparing Select Income REIT (SIR) and its Rivals|
www.americanbankingnews.com - September 12 at 2:32 PM
|Select Income REIT : SIR-US: Dividend Analysis : July 24th, 2017 (record date) : By the numbers : August 25, 2017|
finance.yahoo.com - August 25 at 4:09 PM
|SIR Breaks Above 9% Yield Territory|
www.nasdaq.com - August 12 at 7:48 AM
|Select Income Reit|
finance.yahoo.com - August 12 at 7:48 AM
|IHS Markit Score upgrades Select Income Reit to 85 out of 100, ranking positively in two out of four IHS Markit categories.|
finance.yahoo.com - August 12 at 7:48 AM
|Top 10 Challenger Dividend Dogs Seek Robust Net Gains To July 2018 - Seeking Alpha|
seekingalpha.com - July 27 at 7:26 AM
|Edited Transcript of SIR earnings conference call or presentation 25-Jul-17 2:00pm GMT|
finance.yahoo.com - July 27 at 7:26 AM
|Select Income's (SIR) Management on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - July 26 at 7:46 AM
|Investor Network: Select Income REIT to Host Earnings Call|
finance.yahoo.com - July 26 at 7:46 AM
|Select Income REIT Announces Second Quarter 2017 Results|
finance.yahoo.com - July 26 at 7:45 AM
|Select Income reports 2Q results|
finance.yahoo.com - July 26 at 7:45 AM
|Select Income REIT (NASDAQ:SIR) Posts Quarterly Earnings Results, Beats Expectations By $0.36 EPS|
www.americanbankingnews.com - July 25 at 10:40 AM
|Select Income REIT misses by $0.01, beats on revenue|
seekingalpha.com - July 25 at 7:10 AM
|Select Income REIT breached its 50 day moving average in a Bullish Manner : SIR-US : July 20, 2017|
finance.yahoo.com - July 21 at 7:05 AM
|Select Income REIT (SIR) Ex-Dividend Date Scheduled for July 20, 2017 - Nasdaq|
www.nasdaq.com - July 20 at 7:45 AM
|Ex-Dividend Reminder: Select Income REIT, Hospitality Properties Trust and Government Properties Income Trust - Nasdaq|
www.nasdaq.com - July 18 at 3:33 PM
|Reviewing Resource Capital Corp. (RSO) & Select Income REIT (NASDAQ:SIR)|
www.americanbankingnews.com - July 18 at 12:06 PM
|Select Income REIT (NASDAQ:SIR) Set to Announce Earnings on Tuesday|
www.americanbankingnews.com - July 18 at 9:21 AM
|Select Income REIT (SIR) Declares $0.51 Quarterly Dividend; 8.7% Yield|
www.streetinsider.com - July 13 at 9:34 AM
|Select Income REIT (SIR) Declares $0.51 Quarterly Dividend|
www.americanbankingnews.com - July 12 at 4:54 PM
|Select Income REIT Second Quarter 2017 Conference Call Scheduled for Tuesday, July 25th|
finance.yahoo.com - July 12 at 7:56 AM
Select Income REIT (NASDAQ SIR) Chart for Saturday, November, 18, 2017