21.80 +1.28 (6.24%)
After hours: 6:50PM EDT
|Bid||20.60 x 800|
|Ask||21.55 x 4000|
|Day's Range||20.44 - 21.64|
|52 Week Range||17.90 - 26.26|
|PE Ratio (TTM)||23.40|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||2.04 (10.12%)|
|1y Target Est||22.50|
Moody's Investors Service ("Moody's") has affirmed the Baa3 senior unsecured rating of Government Properties Income Trust (GOV). Concurrently, Moody's also affirmed the ratings of Select Income REIT (SIR), including its Baa3 senior unsecured rating.
Government Properties Income's (GOV) merger with Select Income REIT will enable the former to hold a well-diversified portfolio focused on premium office assets.
Select Income REIT (Nasdaq: SIR) will merge with Government Properties Trust (Nasdaq: GOV) into a single REIT that will own office buildings “primarily leased to single tenants and high credit-quality tenants like government entities.”
On a day indexes retreated on renewed trade worries, a report that Aurora Cannabis is talking with Coca-Cola caused the marijuana stock to soar.
is buying a fellow real-estate investment trust in a stock deal and renaming itself. Select Income shareholders will get 1.04 shares of Government Properties Income shares for each share of Select Income they own, according to a news release announcing the deal. The new company will be called Office Properties Income Trust.
Shares of Select Income REIT soared 15% in premarket trade Monday, after the company agreed to be acquired by fellow real estate investment trust Government Properties Income Trust, creating a REIT focused on leasing office buildings primarily to single tenants, such as government entities. Under terms of the deal, Government Properties will sell all 24.9 million shares it owns in Select Income, and Select Income REIT shareholders will receive the equivalent of $29.26 for each Select Income share they own, or 46% above Friday's $20.06 closing price. Based on Friday's closing prices, that includes 1.04 Government Properties shares for each Select Income share they own, or $17.57, plus a special dividend of the 45 million shares Select Income owns of Industrial Logistics Properties Trust, which is valued t $11.69 for each Select Income share. The deal is expected to close in late 2018 or early 2019, and Government Properties shareholders will own 52% of the combined entity, to be named Office Properties Income Trust, and 48% will be owned by Select Income shareholders. The new combined company will be listed on the Nasdaq under the ticker symbol "OPI." Prior to the deal, Government Properties market capitalization was $1.67 billion and Select Income's market cap was $1.80 billion. Government Properties' stock had lost 8.9% year to date through Friday, while Select Income shares had shed 20.2%, the SPDR Real Estate Select Sector ETF had gained 1.9% and the S&P 500 had tacked on 8.7%.
Government Properties Income Trust (GOV) and Select Income REIT (SIR) today announced that they have entered a definitive agreement to merge which will create a real estate investment trust, or REIT, focused on owning, operating and leasing office buildings primarily leased to single tenants and high credit quality tenants like government entities.
Select Income REIT is a US$1.92b small-cap, real estate investment trust (REIT) based in Newton, United States. REIT shares give you ownership of the company than owns and manages variousRead More...
NEW YORK, Aug. 03, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Quotient ...
Select Income (SIR) delivered earnings and revenue surprises of -27.42% and -0.39%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / July 31, 2018 / Select Income REIT (NASDAQ: SIR ) will be discussing their earnings results in their Q2 Earnings Call to be held on July 31, 2018 at 10:00 AM Eastern Time. To ...
The real estate investment trust, based in Newton, Massachusetts, said it had funds from operations of $40.6 million, or 45 cents per share, in the period. The average estimate of three analysts surveyed ...
LONDON, UK / ACCESSWIRE / July 25, 2018 / Active-Investors has a free review on Select Income REIT (NASDAQ: SIR) ("SIR") following the Company's announcement that it will begin trading ex-dividend on July 27, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 26, 2018. Active-Investors has initiated due-diligence on this dividend stock.
Select Income REIT (SIR) today announced a regular quarterly cash distribution on its common shares of $0.51 per common share ($2.04 per share per year). This distribution will be paid to SIR’s common shareholders of record as of the close of business on July 30, 2018 and distributed on or about August 16, 2018. Select Income REIT is a real estate investment trust, or REIT, which owns properties that are primarily net leased to single tenants.
The popularity of real estate investment trusts (REITs) hinges heavily on dividends. Equity (meaning non-mortgage) REITs pay on average of 4.1% in dividends, vs. 1.8% for the S&P 500. Tax rules tend to boost dividend payments for these real estate stocks. If REITs agree to pay out at least 90% of their income in dividends, certain types of income receive an exemption from federal income tax. While such a rule can lead to constant fluctuation in payout amounts, investors often willingly accept this condition in exchange for the higher dividend.
Select Income REIT (SIR) today announced that it will issue a press release containing its second quarter 2018 financial results before the Nasdaq opens on Tuesday, July 31, 2018. At 10:00 a.m. Eastern Time that morning, President and Chief Executive Officer David Blackman and Chief Financial Officer John Popeo will host a conference call to discuss these results.
Select Income REIT today announced that President and Chief Executive Officer David Blackman and Chief Financial Officer John Popeo will be participating at the Mizuho Global REIT/Real Estate Conference in New York, NY on Wednesday, June 27, 2018, and at the JMP Securities Boston Real Estate Forum in Boston, MA on Thursday, June 28, 2018.
Select Income REIT (NASDAQ:SIR), a reits company based in United States, saw a decent share price growth in the teens level on the NasdaqGS over the last few months. AsRead More...
Select Income REIT today announced that President and Chief Operating Officer David Blackman and Chief Financial Officer John Popeo will be presenting at Nareit REITweek: 2018 Investor Conference in New York, NY on Wednesday, June 6, 2018 at 3:45 p.m.
Select Income REIT today announced the results of its 2018 Annual Meeting of Shareholders which was held earlier today as follows.
Select Income REIT (NASDAQ:SIR) generated a below-average return on equity of 4.03% in the past 12 months, while its industry returned 7.62%. An investor may attribute an inferior ROE toRead More...