Orinda Asset Management LLC Has Trimmed Its Select Income Reit (SIR) Holding by $3.88 Million; Stock Value Declined

April 17, 2018 - By Louis Casey

Investors sentiment increased to 1.33 in 2017 Q4. Its up 0.30, from 1.03 in 2017Q3. It improved, as 14 investors sold SIR shares while 52 reduced holdings. 27 funds opened positions while 61 raised stakes. 42.18 million shares or 1.45% more from 41.58 million shares in 2017Q3 were reported. 48,250 are held by Bowling Portfolio Management Ltd Llc. Ruggie Cap stated it has 0.05% in Select Income REIT (NASDAQ:SIR). Independent Order Of Foresters reported 84,240 shares stake. Driehaus Mngmt Limited Liability reported 127,310 shares or 0.12% of all its holdings. Asset Mngmt One holds 0.01% or 216,973 shares. Assetmark holds 0% or 5,433 shares in its portfolio. Northern holds 0.01% of its portfolio in Select Income REIT (NASDAQ:SIR) for 1.69M shares. Cullen Frost Bankers accumulated 21,846 shares. Jpmorgan Chase And Company reported 15,167 shares stake. Polaris Limited Liability Com reported 14,761 shares or 0.06% of all its holdings. Citigroup Inc invested in 69,166 shares or 0% of the stock. Bnp Paribas Arbitrage, a New York-based fund reported 14,323 shares. 59,203 were accumulated by Cetera Advsrs Ltd Liability Corp. Axa reported 317,600 shares stake. Employees Retirement Systems Of Ohio invested in 91,888 shares.

Orinda Asset Management Llc decreased its stake in Select Income Reit (SIR) by 73.41% based on its latest 2017Q4 regulatory filing with the SEC. Orinda Asset Management Llc sold 155,321 shares as the company’s stock declined 23.79% with the market. The institutional investor held 56,250 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.41 million, down from 211,571 at the end of the previous reported quarter. Orinda Asset Management Llc who had been investing in Select Income Reit for a number of months, seems to be less bullish one the $1.70B market cap company. The stock increased 0.21% or $0.04 during the last trading session, reaching $19.01. About 316,905 shares traded. Select Income REIT (NYSE:SIR) has declined 25.14% since April 17, 2017 and is downtrending. It has underperformed by 36.69% the S&P500.

Analysts await Select Income REIT (NASDAQ:SIR) to report earnings on April, 24. They expect $0.65 EPS, up 10.17 % or $0.06 from last year’s $0.59 per share. SIR’s profit will be $58.16M for 7.31 P/E if the $0.65 EPS becomes a reality. After $0.68 actual EPS reported by Select Income REIT for the previous quarter, Wall Street now forecasts -4.41 % negative EPS growth.

Select Income REIT (NASDAQ:SIR) Ratings Coverage

Among 5 analysts covering Select Income REIT (NYSE:SIR), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Select Income REIT had 7 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has “Buy” rating by B. Riley & Co given on Thursday, February 8. The company was maintained on Tuesday, February 20 by FBR Capital. Deutsche Bank maintained it with “Hold” rating and $5.5 target in Thursday, October 26 report. As per Tuesday, February 6, the company rating was maintained by RBC Capital Markets. The firm has “Underweight” rating given on Monday, February 5 by Morgan Stanley.

Select Income REIT (NASDAQ:SIR) Institutional Positions Chart

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