Select Income REIT(NASDAQ:SIR) Declares Dividend of $0.5100.

Select Income REIT (NASDAQ:SIR) had declared a cash dividend of $0.5100 on Jul 12, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed for Jul 22, 2016. On Jul 12, 2016 share price, the yield comes out to be 7.5249%. The dividend payable date has been fixed on Aug 18, 2016.

Select Income REIT (SIR) made into the market gainers list on Fridays trading session with the shares advancing 0.44% or 0.12 points. Due to strong positive momentum, the stock ended at $27.39, which is also near the day’s high of $27.495. The stock began the session at $27.4 and the volume stood at 5,90,713 shares. The 52-week high of the shares is $27.495 and the 52 week low is $17.07. The company has a current market capitalization of $2,448 M and it has 8,93,74,029 shares in outstanding.

Select Income REIT(SIR) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $117.23M. Analysts had an estimated revenue of $114.00M. Earnings per share were $0.74. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Mar 5, 2015, Adam Portnoy (director 10% owner) purchased 90,035 shares at $27.85 per share price.Also, On Mar 5, 2015, Properties Income T Government (10% owner) purchased 3,418,421 shares at $27.85 per share price.On Mar 5, 2015, Barry M Portnoy (director 10% owner) purchased 110,035 shares at $27.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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