Select Income REIT (SIR) Plunges 56.81% on December 28

Select Income REIT (SIR) Plunges 56.81% on December 28

Select Income REIT (SIR) had a rough trading day for Friday December 28 as shares tumbled 56.81%, or a loss of $-9.93 per share, to close at $7.55. After opening the day at $8.25, shares of Select Income REIT traded as high as $8.25 and as low as $7.44. Volume was 1.57 million shares over 9,216 trades, against an average daily volume of n/a shares and a total float of 89.55 million.

As a result of the decline, Select Income REIT now has a market cap of $676.11 million.

The stock has a P/E Ratio of 20.6.

Select Income REIT owns and invests in land and properties that are primarily net leased to single tenants. The company owns hundreds of buildings, leasable land parcels, and easements throughout most of the United States, with an emphasis on industrial land ownership in Hawaii, and which collectively adds up to tens of millions of square feet. The company generally leases properties that collectively are strategically important to tenants to prompt renewal or extension of leases. Other acquisition criteria include both the historic and projected rents received and likely received from the property, and the quality, experience, and creditworthiness of the property’s tenant. The company’s primary source of revenue is rental income.

Select Income REIT is based out of Newton, MA and has some 0 employees. Its CEO is David M Blackman.

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