New Senior Investment Group Inc. (SNR) Trading Down 2.2%
New Senior Investment Group Inc. (NYSE:SNR)’s share price dropped 2.2% during mid-day trading on Wednesday . The stock traded as low as $11.28 and last traded at $11.31, with a volume of 552,047 shares trading hands. The stock had previously closed at $11.57.
SNR has been the subject of several recent research reports. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a research report on Monday, August 15th. Compass Point upped their price objective on shares of New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research raised shares of New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th.
The stock’s market cap is $930.50 million. The company’s 50 day moving average price is $12.06 and its 200-day moving average price is $11.01.
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New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. New Senior Investment Group had a negative return on equity of 12.19% and a negative net margin of 19.39%. The firm earned $118.54 million during the quarter, compared to analysts’ expectations of $118.98 million. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts anticipate that New Senior Investment Group Inc. will post $1.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Tuesday, September 6th. New Senior Investment Group’s payout ratio is -98.11%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new stake in New Senior Investment Group during the second quarter valued at $108,000. Teacher Retirement System of Texas boosted its stake in New Senior Investment Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 10,943 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 303 shares during the period. Veritable L.P. boosted its stake in New Senior Investment Group by 5.5% in the second quarter. Veritable L.P. now owns 11,080 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 580 shares during the period. Capital Investment Advisors LLC bought a new stake in New Senior Investment Group during the second quarter valued at $119,000. Finally, Cubist Systematic Strategies LLC bought a new stake in New Senior Investment Group during the second quarter valued at $134,000. 71.66% of the stock is currently owned by institutional investors.
About New Senior Investment Group
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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