Bessemer Group Inc. Takes Position in Select Income REIT (SIR)

Bessemer Group Inc. purchased a new position in Select Income REIT (NASDAQ:SIR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 32,000 shares of the real estate investment trust’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in Select Income REIT by 75.2% in the first quarter. Advisors Asset Management Inc. now owns 15,508 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 6,654 shares during the last quarter. First Trust Advisors LP boosted its stake in Select Income REIT by 189.4% in the first quarter. First Trust Advisors LP now owns 342,932 shares of the real estate investment trust’s stock worth $8,844,000 after buying an additional 224,435 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Select Income REIT by 13.7% in the first quarter. Wells Fargo & Company MN now owns 224,044 shares of the real estate investment trust’s stock worth $5,777,000 after buying an additional 26,937 shares during the last quarter. Hillcrest Asset Management LLC boosted its stake in Select Income REIT by 8.1% in the first quarter. Hillcrest Asset Management LLC now owns 318,132 shares of the real estate investment trust’s stock worth $8,205,000 after buying an additional 23,734 shares during the last quarter. Finally, Breton Hill Capital Ltd. boosted its stake in Select Income REIT by 392.2% in the first quarter. Breton Hill Capital Ltd. now owns 50,035 shares of the real estate investment trust’s stock worth $1,290,000 after buying an additional 39,870 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

Shares of Select Income REIT (SIR) opened at 23.42 on Thursday. Select Income REIT has a 12-month low of $22.51 and a 12-month high of $27.88.

Select Income REIT (NASDAQ:SIR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $115.87 million for the quarter, compared to analyst estimates of $117.21 million. Select Income REIT had a net margin of 18.65% and a return on equity of 4.18%. During the same period last year, the business posted $0.72 earnings per share. On average, equities research analysts anticipate that Select Income REIT will post $1.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date is Thursday, July 20th. Select Income REIT’s dividend payout ratio (DPR) is 210.31%.

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A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Select Income REIT from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BidaskClub cut shares of Select Income REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

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.

Institutional Ownership by Quarter for Select Income REIT (NASDAQ:SIR)

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