Select Income REIT (SIR) : 4 Wall Street analysts covering Select Income REIT (SIR) believe that the average level the stock could reach for the short term is $26.5. The maximum price target given is $35 and the minimum target for short term is around $19, hence the standard deviation is calculated at $7.33.
Select Income REIT (SIR) has an average broker rating of 2.58, which is interpreted as a Hold, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Also, Brokerage firm JMP Securities upgrades its rating on Select Income REIT (NYSE:SIR). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on August 22, 2016.
Select Income REIT (NYSE:SIR): The stock opened at $27.23 on Thursday but the bulls could not build on the opening and the stock topped out at $27.42 for the day. The stock traded down to $26.95 during the day, due to lack of any buying support eventually closed down at $27.23 with a loss of -0.22% for the day. The stock had closed at $27.29 on the previous day. The total traded volume was 264,477 shares.
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 Companys 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.