Senior Housing Properties Trust Declares Quarterly Dividend of $0.39 (SNH)
Senior Housing Properties Trust (NYSE:SNH) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Investors of record on Monday, October 23rd will be given a dividend of 0.39 per share on Thursday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 8.05%.
Senior Housing Properties Trust has a dividend payout ratio of 86.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Senior Housing Properties Trust to earn $0.67 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 232.8%.
Senior Housing Properties Trust (SNH) traded down 0.10% during midday trading on Thursday, hitting $19.39. 747,548 shares of the company traded hands. Senior Housing Properties Trust has a 12-month low of $17.14 and a 12-month high of $22.52. The firm has a market capitalization of $4.61 billion and a PE ratio of 38.78. The stock’s 50-day moving average is $19.62 and its 200-day moving average is $20.36.
Senior Housing Properties Trust (NYSE:SNH) last announced its earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $265.01 million for the quarter, compared to analyst estimates of $260.72 million. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts anticipate that Senior Housing Properties Trust will post $0.58 EPS for the current fiscal year.
Several brokerages recently commented on SNH. UBS AG reduced their target price on shares of Senior Housing Properties Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 price target on shares of Senior Housing Properties Trust in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Morgan Stanley increased their price target on shares of Senior Housing Properties Trust from $18.50 to $19.50 and gave the company an “equal weight” rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $20.93.
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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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