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

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$17.73 -0.52 (-2.85 %)
(As of 12/17/2018 06:47 AM ET)
Previous Close$18.25
Today's Range$17.66 - $18.53
52-Week Range$17.66 - $26.26
Volume1.04 million shs
Average Volume676,504 shs
Market Capitalization$1.59 billion
P/E Ratio6.38
Dividend Yield11.51%
Beta0.81
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

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 Ratio6.38
Forward P/E Ratio8.82
P/E Growth3.23

Sales & Book Value

Annual Sales$468.10 million
Price / Sales3.39
Cash Flow$2.3360 per share
Price / Cash Flow7.59
Book Value$22.26 per share
Price / Book0.80

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$1.59 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 declared a quarterly dividend on Thursday, October 18th. Stockholders of record on Monday, October 29th will be paid a dividend of $0.51 per share on Thursday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 11.51%. The ex-dividend date of this dividend 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) posted its quarterly earnings results on Monday, October, 29th. The real estate investment trust reported $0.33 EPS 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 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 quarterly 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.

When is Select Income REIT's next earnings date?

Select Income REIT is scheduled to release their next quarterly earnings announcement on Friday, February 15th 2019. View Earnings Estimates for Select Income REIT.

What price target have analysts set for SIR?

4 analysts have issued 1-year target prices for Select Income REIT's stock. Their predictions 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 44.8% 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 trended somewhat positive this week, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, 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 press coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Are investors shorting Select Income REIT?

Select Income REIT saw a increase in short interest in November. As of November 30th, there was short interest totalling 2,030,913 shares, an increase of 38.6% from the November 15th total of 1,465,265 shares. Based on an average daily volume of 674,504 shares, the short-interest ratio is currently 3.0 days. Currently, 3.2% of the company's shares are short sold. View Select Income REIT's Current Options Chain.

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

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 number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (10.48%), Vanguard Group Inc. (10.48%), BlackRock Inc. (6.45%), LSV Asset Management (4.01%), Massachusetts Financial Services Co. MA (1.52%) and American Century Companies Inc. (1.29%). 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., Vanguard Group Inc, LSV Asset Management, Prudential Financial Inc., Panagora Asset Management Inc., United Services Automobile Association, Martingale Asset Management L P and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Select Income REIT.

Which institutional investors are buying Select Income REIT stock?

SIR stock was purchased 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 $17.73.

How big of a company is Select Income REIT?

Select Income REIT has a market capitalization of $1.59 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?

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:  257 (Vote Outperform)
Underperform Votes:  294 (Vote Underperform)
Total Votes:  551
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 12/17/2018 by MarketBeat.com Staff

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