Select Income REIT Common Share ( SIR ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SIR, as the stock is now down over 7% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the real estate company has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SIR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 1.49%.
Some better-ranked stocks in the same sector include American Campus Communities, Inc. ( ACC ), Apartment Investment and Management Company ( AIV ) and Avalonbay Communities Inc. ( AVB ). All these stocks carry a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportSELECT INCOME (SIR): Free Stock Analysis ReportAMER CAMPUS CTY (ACC): Free Stock Analysis ReportAPARTMENT INVT (AIV): Free Stock Analysis ReportAVALONBAY CMMTY (AVB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research