FY2018 EPS Estimates for Select Income REIT Lowered by B. Riley (SIR)

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Select Income REIT (NASDAQ:SIR) – Stock analysts at B. Riley dropped their FY2018 EPS estimates for Select Income REIT in a research report issued on Tuesday, October 30th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings per share of $1.97 for the year, down from their previous estimate of $2.01. B. Riley currently has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for Select Income REIT’s Q4 2018 earnings at $0.31 EPS.

Select Income REIT (NASDAQ:SIR) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. Select Income REIT had a net margin of 16.05% and a return on equity of 3.37%. The business had revenue of $121.88 million during the quarter, compared to the consensus estimate of $116.17 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

A number of other research firms have also issued reports on SIR. ValuEngine lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. BidaskClub lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Morgan Stanley raised shares of Select Income REIT from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $19.00 to $24.00 in a research note on Wednesday, September 19th. JMP Securities lowered shares of Select Income REIT to a “hold” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research lowered shares of Select Income REIT from a “hold” rating to a “sell” rating in a research note on Thursday, July 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Select Income REIT presently has an average rating of “Hold” and a consensus price target of $25.75.

Select Income REIT stock opened at $19.19 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 3.55 and a beta of 0.74. Select Income REIT has a 52-week low of $17.90 and a 52-week high of $26.26.

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of Select Income REIT in the 2nd quarter worth approximately $126,000. Bridgeworth LLC acquired a new stake in shares of Select Income REIT in the 2nd quarter worth approximately $144,000. Eii Capital Management Inc. lifted its stake in shares of Select Income REIT by 118.8% in the 2nd quarter. Eii Capital Management Inc. now owns 9,221 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 5,006 shares during the period. Bank of Montreal Can acquired a new stake in shares of Select Income REIT in the 2nd quarter worth approximately $218,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Select Income REIT in the 2nd quarter worth approximately $219,000. 48.94% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date is Friday, October 26th. Select Income REIT’s payout ratio is 73.38%.

Select Income REIT Company Profile

SIR is a real estate investment trust, or REIT, that owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily net leased to single tenants. As of June 30, 2018, our consolidated portfolio included 367 buildings, leasable land parcels and easements with approximately 45.7 million rentable square feet located in 36 states.

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Earnings History and Estimates for Select Income REIT (NASDAQ:SIR)

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