New Senior Investment Group Inc. (SNR) Releases Quarterly Earnings Results, Meets Estimates
New Senior Investment Group Inc. (NYSE:SNR) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28, Bloomberg Earnings reports. New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. The business had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $112.20 million. During the same quarter last year, the company posted $0.28 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year.
New Senior Investment Group (NYSE:SNR) traded down $0.72 on Friday, reaching $8.17. 1,800,855 shares of the company traded hands, compared to its average volume of 622,394. The stock has a market cap of $727.02, a price-to-earnings ratio of 7.38 and a beta of 0.93. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.96.
Several brokerages have recently commented on SNR. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target on shares of New Senior Investment Group in a research report on Friday, July 14th. BidaskClub cut shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research cut shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Finally, Compass Point cut shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $10.00 in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.67.
New Senior Investment Group Company Profile
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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