New Senior Investment Group Inc. (NYSE:SNR) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.67.

SNR has been the topic of several recent analyst reports. Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $10.00 in a research note on Thursday, August 31st. BidaskClub cut New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $10.00 target price on shares of New Senior Investment Group in a research note on Friday, July 14th.

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New Senior Investment Group (NYSE:SNR) opened at 9.12 on Monday. New Senior Investment Group has a 12-month low of $8.82 and a 12-month high of $11.90. The firm has a 50 day moving average of $9.34 and a 200 day moving average of $9.88. The firm’s market capitalization is $749.19 million.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. The company had revenue of $114.29 million for the quarter, compared to the consensus estimate of $114.70 million. During the same quarter last year, the business posted $0.32 earnings per share. On average, analysts forecast that New Senior Investment Group will post ($0.64) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date was Thursday, September 7th. New Senior Investment Group’s payout ratio is -288.88%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of New Senior Investment Group by 0.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 200 shares during the period. MML Investors Services LLC raised its stake in shares of New Senior Investment Group by 2.9% during the 2nd quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 310 shares during the period. BTC Capital Management Inc. raised its stake in shares of New Senior Investment Group by 10.0% during the 2nd quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 1,039 shares during the period. Legal & General Group Plc raised its stake in shares of New Senior Investment Group by 0.7% during the 1st quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock worth $1,928,000 after purchasing an additional 1,335 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of New Senior Investment Group by 5.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 30,335 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 1,653 shares during the period. Institutional investors own 64.27% of the company’s stock.

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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