Select Income REIT (SIR) : Pensionfund Sabic reduced its stake in Select Income REIT by 6.79% during the most recent quarter end. The investment management company now holds a total of 54,900 shares of Select Income REIT which is valued at $1.3 Million after selling 4,000 shares in Select Income REIT according to a report filed by the company on Apr 4, 2016 with the SEC.Select Income REIT makes up approximately 0.39% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in SIR by selling 13,000 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 149,800 shares of SIR which is valued at $3.5 Million. Select Income REIT makes up approx 0.48% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Select Income REIT reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.73. The company had revenue of $114.74 million for the quarter, compared to analysts expectations of $112.65 million. The company’s revenue was up 103.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Select Income REIT opened for trading at $22.99 and hit $23.41 on the upside on Monday, eventually ending the session at $23.27, with a gain of 1.44% or 0.33 points. The heightened volatility saw the trading volume jump to 2,73,791 shares. Company has a market cap of $2,080 M.
Select Income REIT (SIR) is a real estate investment trust (REIT). The Company owns and invests in single tenant and net leased properties. The Company owns approximately 51 properties (281 buildings leasable land parcels and easements) located in 22 states that contain approximately 27.7 million rentable square feet and are approximately 96.4% leased (based on rentable square feet). Its properties are leased to over 262 different tenants with a weighted average remaining lease term (based on annualized rental revenue) of approximately 10.5 years. The Company’s Hawaii Properties consist of lands which are leased to third parties for rents that are periodically reset based on market values generally every five to ten years. Its Mainland Properties consists of properties which are net leased to single tenants.