New Senior Investment Group Inc. (NYSE:SNR) Receives Hold Rating from Stifel Nicolaus
New Senior Investment Group Inc. (NYSE:SNR)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research note issued on Friday. They presently have a $10.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price target suggests a potential downside of 1.86% from the company’s current price.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley began coverage on shares of New Senior Investment Group in a research report on Monday, March 20th. They set an “underweight” rating and a $9.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.13.
New Senior Investment Group (SNR) traded up 0.99% during trading on Friday, reaching $10.19. 429,588 shares of the company’s stock were exchanged. The firm’s market capitalization is $837.02 million. The stock has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.07. New Senior Investment Group has a 52 week low of $9.02 and a 52 week 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 the consensus estimate of $0.31 by $0.43. The company had revenue of $114.97 million for the quarter, compared to analysts’ expectations of $118.45 million. New Senior Investment Group had a negative return on equity of 10.16% and a negative net margin of 12.84%. New Senior Investment Group’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 earnings per share. Equities research analysts forecast that New Senior Investment Group will post ($0.60) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.21%. The ex-dividend date was Tuesday, June 6th. New Senior Investment Group’s dividend payout ratio (DPR) is presently -142.46%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in New Senior Investment Group during the fourth quarter valued at about $9,128,000. Bank of Montreal Can purchased a new position in New Senior Investment Group during the second quarter valued at about $9,632,000. Global X Management Co. LLC purchased a new position in New Senior Investment Group during the first quarter valued at about $8,543,000. Teacher Retirement System of Texas increased its position in New Senior Investment Group by 7,197.0% in the fourth quarter. Teacher Retirement System of Texas now owns 751,230 shares of the real estate investment trust’s stock valued at $7,407,000 after buying an additional 740,935 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in New Senior Investment Group during the second quarter valued at about $6,436,000. 67.26% of the stock is owned by institutional investors and hedge funds.
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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