Jefferies Group Lowers Senior Housing Properties Trust Price Target to $23.00 (SNH)
Analysts at Jefferies Group lowered their price objective on shares of Senior Housing Properties Trust (NYSE:SNH) from $24.00 to $23.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 3.73% from the company’s current price.
A number of other analysts have also recently weighed in on SNH. Analysts at Janney Montgomery Scott initiated coverage on shares of Senior Housing Properties Trust (NYSE:SNH) in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Analysts at RBC Capital cut their price target on shares of Senior Housing Properties Trust (NYSE:SNH) from $27.00 to $25.00 in a research note to investors on Monday, August 5th.
One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Senior Housing Properties Trust has a consensus rating of “Hold” and an average price target of $24.33.
Shares of Senior Housing Properties Trust (NYSE:SNH) traded up 3.60% during mid-day trading on Wednesday, hitting $23.89. 2,298,394 shares of the company’s stock traded hands. Senior Housing Properties Trust has a 52 week low of $21.29 and a 52 week high of $29.99. The stock has a 50-day moving average of $23.43 and a 200-day moving average of $26.03. The company has a market cap of $4.493 billion and a P/E ratio of 37.56.
Senior Housing Properties Trust (NYSE:SNH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.02. The company had revenue of $106.93 million for the quarter, compared to the consensus estimate of $193.01 million. During the same quarter last year, the company posted $0.45 earnings per share. Senior Housing Properties Trust’s revenue was up 29.5% compared to the same quarter last year. On average, analysts predict that Senior Housing Properties Trust will post $1.73 earnings per share for the current fiscal year.
Senior Housing Properties Trust (NYSE:SNH) is a real estate investment trust (REIT).
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