Senior Housing Properties Trust Price Target Cut to $24.00 (SNH)
Research analysts at Jefferies Group cut their target price on shares of Senior Housing Properties Trust (NYSE:SNH) from $25.00 to $24.00 in a report released on Wednesday. Jefferies Group’s price target indicates a potential upside of 5.08% from the company’s current price.
Senior Housing Properties Trust (NYSE:SNH) opened at 22.84 on Wednesday. Senior Housing Properties Trust has a 52-week low of $20.70 and a 52-week high of $25.35. The stock’s 50-day moving average is $23.57 and its 200-day moving average is $23.04. The company has a market cap of $4.654 billion and a price-to-earnings ratio of 23.31.
Senior Housing Properties Trust (NYSE:SNH) last announced its earnings results on Monday, August 4th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.43. The company had revenue of $206.71 million for the quarter, compared to the consensus estimate of $204.20 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Senior Housing Properties Trust will post $1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Friday, July 18th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Wednesday, July 16th.
Senior Housing Properties Trust (NYSE:SNH) is a real estate investment trust (REIT).
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