New Senior Investment Group (SNR) Rating Increased to Buy at Zacks Investment Research

New Senior Investment Group (NYSE:SNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $8.75 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 15.74% from the company’s previous close.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Separately, Morgan Stanley cut their price objective on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.19.

New Senior Investment Group (NYSE SNR) traded down $0.03 during midday trading on Friday, hitting $7.56. The stock had a trading volume of 510,705 shares, compared to its average volume of 624,350. The company has a market cap of $618.17, a P/E ratio of -26.07 and a beta of 0.82. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group has a 52-week low of $7.44 and a 52-week high of $10.82.

A number of institutional investors have recently made changes to their positions in SNR. Principal Financial Group Inc. bought a new position in New Senior Investment Group in the 2nd quarter valued at $101,000. Institutional & Family Asset Management LLC bought a new position in New Senior Investment Group in the 3rd quarter valued at $102,000. Amalgamated Bank bought a new position in New Senior Investment Group in the 2nd quarter valued at $104,000. Schroder Investment Management Group bought a new position in New Senior Investment Group in the 3rd quarter valued at $104,000. Finally, Jane Street Group LLC bought a new position in New Senior Investment Group in the 3rd quarter valued at $105,000. 67.25% of the stock is currently owned by institutional investors.

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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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