New Senior Investment Group Inc. (NYSE:SNR) has been given an average broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company.

Analysts have set a 1 year consensus price objective of $10.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned New Senior Investment Group an industry rank of 82 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently commented on SNR shares. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a report on Monday, August 15th. Compass Point upped their target price on New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a report on Monday, August 8th. Finally, Zacks Investment Research upgraded New Senior Investment Group from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th.

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New Senior Investment Group (NYSE:SNR) traded down 1.47% during midday trading on Wednesday, hitting $11.40. The stock had a trading volume of 511,097 shares. New Senior Investment Group has a 52 week low of $7.78 and a 52 week high of $12.68. The firm has a 50 day moving average of $12.06 and a 200 day moving average of $11.01. The firm’s market cap is $936.25 million.

New Senior Investment Group (NYSE:SNR) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $118.54 million for the quarter, compared to the consensus estimate of $118.98 million. New Senior Investment Group had a negative net margin of 19.39% and a negative return on equity of 12.19%. The business’s revenue was up 30.0% compared to the same quarter last year. Equities research analysts predict that New Senior Investment Group will post $1.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.99%. New Senior Investment Group’s dividend payout ratio is presently -98.11%.

A number of large investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. boosted its stake in shares of New Senior Investment Group by 42.5% in the second quarter. Punch & Associates Investment Management Inc. now owns 751,173 shares of the real estate investment trust’s stock valued at $8,023,000 after buying an additional 223,883 shares during the last quarter. Creative Planning boosted its stake in shares of New Senior Investment Group by 2.4% in the second quarter. Creative Planning now owns 15,161 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 349 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of New Senior Investment Group by 12.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 54,700 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 6,120 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of New Senior Investment Group by 50.4% in the first quarter. Royal Bank of Canada now owns 1,224,848 shares of the real estate investment trust’s stock valued at $12,616,000 after buying an additional 410,610 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of New Senior Investment Group by 26.9% in the first quarter. Legal & General Group Plc now owns 189,722 shares of the real estate investment trust’s stock valued at $1,953,000 after buying an additional 40,224 shares during the last quarter. 71.66% of the stock is currently owned by institutional investors.

New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

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