Senior Housing Properties Trust Downgraded by Wells Fargo & Co. to “Underperform” (SNH)
Senior Housing Properties Trust (NYSE:SNH) was downgraded by analysts at Wells Fargo & Co. from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Senior Housing Properties Trust (NYSE:SNH) traded down 0.27% during mid-day trading on Tuesday, hitting $22.29. 2,429,555 shares of the company’s stock traded hands. Senior Housing Properties Trust has a 52-week low of $21.66 and a 52-week high of $29.99. The stock has a 50-day moving average of $22.44 and a 200-day moving average of $23.89. The company has a market cap of $4.194 billion and a P/E ratio of 33.36.
Senior Housing Properties Trust (NYSE:SNH) last released its earnings data on Tuesday, October 29th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $187.27 million for the quarter, compared to the consensus estimate of $189.32 million. During the same quarter last year, the company posted $0.43 earnings per share. Senior Housing Properties Trust’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that Senior Housing Properties Trust will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 21st. Stockholders of record on Monday, January 13th will be paid a dividend of 0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Thursday, January 9th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research downgraded shares of Senior Housing Properties Trust from a “neutral” rating to a “sell” rating in a research note to investors on Monday, November 18th. Analysts at Jefferies Group reiterated a “hold” rating on shares of Senior Housing Properties Trust in a research note to investors on Monday, October 14th. They now have a $25.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Senior Housing Properties Trust presently has a consensus rating of “Hold” and an average target price of $25.00.
Senior Housing Properties Trust (NYSE:SNH) is a real estate investment trust (REIT).
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