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

Sign in or create an account to add this stock to your watchlist.
$7.36 -0.19 (-2.52 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$7.36
Today's Range$6.87 - $7.5576
52-Week Range$6.87 - $25.18
Volume4.25 million shs
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.

Receive SIR News and Ratings via Email

Sign-up to receive the latest news and ratings for SIR and its competitors with MarketBeat's FREE daily newsletter.

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. Investors 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 yield of 27.72%. 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 earnings results 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 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%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. View Select Income REIT's Earnings History.

What price target have analysts set for SIR?

3 Wall Street analysts have issued twelve-month price objectives for Select Income REIT's shares. Their forecasts range from $24.00 to $28.00. On average, they anticipate 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?

Media stories about SIR stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Select Income REIT earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

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 shareholders 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 Northern Trust Corp (1.39%). 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, Citigroup Inc., LSV Asset Management, First Trust Advisors LP, Northern Capital Management LLC and Raymond James & Associates. 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., Summit Securities Group LLC, Millennium Management LLC, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board, Hsbc Holdings PLC and Barclays 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:  264 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  569
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 2/23/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel