Metropolitan Life Insurance Co. NY increased its stake in shares of Select Income REIT (NASDAQ:SIR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,568 shares of the real estate investment trust’s stock after buying an additional 135 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Select Income REIT worth $1,224,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in SIR. State Street Corp raised its stake in Select Income REIT by 7.6% in the fourth quarter. State Street Corp now owns 1,395,028 shares of the real estate investment trust’s stock valued at $35,155,000 after buying an additional 98,178 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Select Income REIT by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 142,132 shares of the real estate investment trust’s stock worth $3,529,000 after buying an additional 12,102 shares during the last quarter. Allianz Asset Management AG raised its stake in Select Income REIT by 95.3% in the fourth quarter. Allianz Asset Management AG now owns 98,670 shares of the real estate investment trust’s stock worth $2,486,000 after buying an additional 48,159 shares during the last quarter. Independent Order of Foresters raised its stake in Select Income REIT by 3.6% in the fourth quarter. Independent Order of Foresters now owns 97,826 shares of the real estate investment trust’s stock worth $2,465,000 after buying an additional 3,400 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Select Income REIT during the fourth quarter worth $2,235,000. Institutional investors own 46.52% of the company’s stock.
Shares of Select Income REIT (NASDAQ:SIR) opened at 25.46 on Friday. The firm has a 50-day moving average price of $25.54 and a 200-day moving average price of $25.42. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 19.58 and a beta of 0.75. Select Income REIT has a 1-year low of $21.86 and a 1-year high of $27.97.
Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings results on Thursday, February 16th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.71. The firm had revenue of $114.80 million for the quarter, compared to analyst estimates of $116.49 million. Select Income REIT had a return on equity of 4.91% and a net margin of 22.29%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Equities analysts forecast that Select Income REIT will post $1.39 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Web Breaking News and is the property of of Web Breaking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at http://www.webbreakingnews.com/2017/03/25/metropolitan-life-insurance-co-ny-buys-135-shares-of-select-income-reit-sir.html.
Separately, Zacks Investment Research upgraded Select Income REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th.
Select Income REIT Company Profile
Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet.
Want to see what other hedge funds are holding SIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Income REIT (NASDAQ:SIR).
Receive News & Ratings for Select Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.