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A statement released earlier today by FBR Capital about Select Income REIT (NYSE:SIR) raises the target price to $35.00

Yesterday Select Income REIT (NYSE:SIR) traded 0.15% higher at $26.42. SIR’s 50-day moving average is $27.03 and its two hundred day moving average is $24.87. With the last stock close up 5.39% from the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. 354,226 shares of Select Income REIT traded, down from ann avg. volume of 438,456.

In a report issued Monday August 22 2016 FBR Capital increased the target price of Select Income REIT (NYSE:SIR) from $0 to $35 stating a possible upsideof 0.32%.

Performance Chart:

Select Income REIT (NYSE:SIR)

Select Income REIT has a one-year low of $17.07 and a one-year high of $27.97 and has a market capitalization of $0.0.

General Information About Select Income REIT (NYSE:SIR)

Select Income REIT is a real estate investment trust. The Company primarily owns single tenant, net leased properties. The Company’s segment is the ownership of properties that include buildings and leased industrial lands that are primarily net leased to single tenants. The Company owns approximately 120 properties with over 44.7 million rentable square feet. The Company’s properties include approximately 110 office and industrial properties with over 26.9 million square feet located in approximately 30 states across the mainland United States (Mainland Properties), and over 10 properties located on the island of Oahu, Hawaii (Hawaii Properties), with approximately 17.8 million rentable square feet that are primarily leased to industrial and commercial tenants. The Company’s properties’ locations include Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Maryland, Michigan, Kansas, Nevada, New Jersey, Ohio, Oklahoma, and Texas and Utah.

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