ValuEngine Downgrades Select Income REIT (SIR) to Hold
Select Income REIT (NASDAQ:SIR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Several other research firms have also recently issued reports on SIR. BidaskClub cut Select Income REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut Select Income REIT from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, B. Riley reiterated a “buy” rating on shares of Select Income REIT in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Select Income REIT has an average rating of “Hold” and an average price target of $23.92.
Shares of Select Income REIT (NASDAQ SIR) opened at $20.04 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 1.51. Select Income REIT has a 1 year low of $19.41 and a 1 year high of $26.79. The stock has a market capitalization of $1,799.59, a PE ratio of 20.04 and a beta of 0.66.
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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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