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.

A number of institutional investors have recently made changes to their positions in SIR. Teachers Advisors LLC boosted its stake in Select Income REIT by 4.6% during the second quarter. Teachers Advisors LLC now owns 134,717 shares of the real estate investment trust’s stock valued at $3,237,000 after buying an additional 5,927 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Select Income REIT by 15.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 218,007 shares of the real estate investment trust’s stock valued at $5,239,000 after purchasing an additional 28,749 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Select Income REIT by 4.2% in the 2nd quarter. New York State Common Retirement Fund now owns 74,064 shares of the real estate investment trust’s stock valued at $1,780,000 after purchasing an additional 2,999 shares during the last quarter. Suntrust Banks Inc. lifted its stake in shares of Select Income REIT by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 191 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Select Income REIT by 34.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 260,563 shares of the real estate investment trust’s stock valued at $6,261,000 after purchasing an additional 66,659 shares during the last quarter. 47.80% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Select Income REIT (NASDAQ:SIR)

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