Select Income REIT (SIR) Getting Somewhat Favorable Media Coverage, Analysis Shows
News stories about Select Income REIT (NASDAQ:SIR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Select Income REIT earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.5270794134486 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Select Income REIT (SIR) Lowered to “Hold” at ValuEngine (americanbankingnews.com)
- Select Income REIT Expected to Earn Q4 2017 Earnings of $0.74 Per Share (SIR) (americanbankingnews.com)
- B. Riley Weighs in on Select Income REIT’s FY2017 Earnings (SIR) (americanbankingnews.com)
- Select Income REIT (SIR) to Release Earnings on Friday (americanbankingnews.com)
- Select Income REIT (SIR) Price Target Cut to $31.00 by Analysts at B. Riley (americanbankingnews.com)
Several brokerages have weighed in on SIR. B. Riley reissued a “buy” rating on shares of Select Income REIT in a report on Wednesday, November 1st. ValuEngine lowered Select Income REIT from a “buy” rating to a “hold” rating in a report on Tuesday. FBR & Co reissued a “buy” rating and set a $34.00 price objective on shares of Select Income REIT in a report on Friday, October 27th. Zacks Investment Research raised Select Income REIT from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, December 6th. Finally, BidaskClub lowered Select Income REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date is Friday, January 26th. Select Income REIT’s payout ratio is currently 204.00%.
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About Select Income REIT
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.
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