Senior Housing Properties Trust (NYSE:SNH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Senior Housing Properties Trust is a Maryland real estate investment trust that invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use. “

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 target price on shares of Senior Housing Properties Trust in a research report on Monday, July 24th. FBR & Co reissued a “buy” rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, June 30th. Cantor Fitzgerald reissued a “buy” rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, June 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $21.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Senior Housing Properties Trust has an average rating of “Hold” and a consensus target price of $22.20.

Shares of Senior Housing Properties Trust (SNH) traded up 1.06% during mid-day trading on Wednesday, reaching $19.98. The company’s stock had a trading volume of 755,432 shares. Senior Housing Properties Trust has a 12 month low of $17.14 and a 12 month high of $23.67. The stock has a market capitalization of $4.75 billion and a P/E ratio of 39.96. The company has a 50 day moving average price of $19.31 and a 200 day moving average price of $20.41.

Senior Housing Properties Trust (NYSE:SNH) last released its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. Senior Housing Properties Trust had a return on equity of 2.01% and a net margin of 6.43%. The firm had revenue of $265.01 million for the quarter, compared to analyst estimates of $260.72 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Senior Housing Properties Trust will post $0.61 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WFG Advisors LP boosted its holdings in Senior Housing Properties Trust by 24.0% during the second quarter. WFG Advisors LP now owns 20,639 shares of the company’s stock valued at $422,000 after purchasing an additional 3,989 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Senior Housing Properties Trust during the second quarter valued at approximately $205,000. 1st Global Advisors Inc. boosted its holdings in Senior Housing Properties Trust by 2.8% during the second quarter. 1st Global Advisors Inc. now owns 13,164 shares of the company’s stock valued at $269,000 after purchasing an additional 358 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Senior Housing Properties Trust by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 71,085 shares of the company’s stock valued at $1,453,000 after purchasing an additional 1,060 shares in the last quarter. Finally, M&R Capital Management Inc. boosted its holdings in Senior Housing Properties Trust by 2.8% during the second quarter. M&R Capital Management Inc. now owns 24,635 shares of the company’s stock valued at $465,000 after purchasing an additional 680 shares in the last quarter.

Senior Housing Properties Trust Company Profile

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include 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, including certain properties that offer wellness, fitness and spa services to members.

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Analyst Recommendations for Senior Housing Properties Trust (NYSE:SNH)

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