New Senior Investment Group Inc (NYSE:SNR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

A number of other equities analysts also recently commented on SNR. Stifel Nicolaus lowered their target price on shares of New Senior Investment Group from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Friday. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a research report on Monday. Finally, Morgan Stanley initiated coverage on shares of New Senior Investment Group in a research report on Monday, March 20th. They issued an “underweight” rating and a $9.00 price target for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. New Senior Investment Group currently has an average rating of “Hold” and an average target price of $12.13.

Shares of New Senior Investment Group (NYSE:SNR) traded up 0.4580% during mid-day trading on Tuesday, hitting $9.6942. The stock had a trading volume of 116,528 shares. The stock’s 50-day moving average is $10.26 and its 200 day moving average is $10.11. The firm’s market cap is $796.29 million. New Senior Investment Group has a 12 month low of $9.02 and a 12 month high of $12.68.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.43. The firm had revenue of $114.97 million for the quarter, compared to analyst estimates of $118.45 million. New Senior Investment Group had a negative return on equity of 13.51% and a negative net margin of 19.32%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. Equities research analysts predict that New Senior Investment Group will post ($0.76) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be given a $0.26 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $1.04 dividend on an annualized basis and a yield of 10.78%. New Senior Investment Group’s dividend payout ratio (DPR) is presently -94.54%.

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A number of large investors have recently made changes to their positions in the stock. Credit Agricole S A boosted its stake in shares of New Senior Investment Group by 52.4% in the fourth quarter. Credit Agricole S A now owns 15,250 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 5,246 shares during the period. Rhumbline Advisers boosted its stake in shares of New Senior Investment Group by 7.1% in the third quarter. Rhumbline Advisers now owns 108,851 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 7,251 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of New Senior Investment Group during the fourth quarter worth $3,831,000. Asset Management One Co. Ltd. boosted its stake in shares of New Senior Investment Group by 5.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 181,018 shares of the real estate investment trust’s stock worth $1,749,000 after buying an additional 8,618 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of New Senior Investment Group by 8.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,025,000 shares of the real estate investment trust’s stock worth $10,035,000 after buying an additional 76,861 shares during the period. 72.99% of the stock is owned by hedge funds and other institutional investors.

About New Senior Investment Group

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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