Senior Housing Properties Trust Announces Quarterly Dividend of $0.39 (SNH)
Senior Housing Properties Trust (NYSE:SNH) declared a quarterly dividend on Tuesday, October 11th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.39 per share by the real estate investment trust on Thursday, November 17th. This represents a $1.56 dividend on an annualized basis and a yield of 7.16%.
Shares of Senior Housing Properties Trust (NYSE:SNH) traded down 0.14% during trading on Tuesday, reaching $21.80. The company’s stock had a trading volume of 2,111,713 shares. The company has a 50 day moving average price of $22.38 and a 200 day moving average price of $20.36. The firm has a market capitalization of $5.18 billion, a P/E ratio of 43.78 and a beta of 0.52. Senior Housing Properties Trust has a 52 week low of $13.53 and a 52 week high of $23.85.
Senior Housing Properties Trust (NYSE:SNH) last posted its earnings results on Friday, August 5th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm had revenue of $261.40 million for the quarter, compared to analyst estimates of $259.70 million. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Senior Housing Properties Trust will post $1.90 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. Jefferies Group LLC bought a new position in shares of Senior Housing Properties Trust during the second quarter valued at about $215,000. Highbridge Capital Management LLC acquired a new stake in shares of Senior Housing Properties Trust during the second quarter worth $221,000. National Asset Management Inc. raised its stake in shares of Senior Housing Properties Trust by 7.6% in the second quarter. National Asset Management Inc. now owns 12,079 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 851 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Senior Housing Properties Trust during the second quarter worth $270,000. Finally, BOKF NA acquired a new stake in shares of Senior Housing Properties Trust during the second quarter worth $274,000.
A number of research firms have recently commented on SNH. Jefferies Group lifted their target price on Senior Housing Properties Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Zacks Investment Research upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating and set a $25.00 target price on the stock in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada upgraded Senior Housing Properties Trust from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $18.00 to $23.00 in a research report on Friday, June 17th.
Senior Housing Properties Trust Company Profile
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments: triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, which includes the remainder of its operations, including certain properties that offer fitness, wellness and spa services to members.
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