Senior Housing Properties Trust (SNH) Upgraded by Zacks Investment Research to Hold

Senior Housing Properties Trust (NASDAQ:SNH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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. “

Several other brokerages have also issued reports on SNH. BidaskClub raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Jefferies Group reaffirmed a “hold” rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a research report on Tuesday, October 3rd. UBS Group decreased their target price on Senior Housing Properties Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, November 24th. Finally, ValuEngine raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Senior Housing Properties Trust presently has an average rating of “Hold” and a consensus price target of $21.19.

Shares of Senior Housing Properties Trust (NASDAQ SNH) opened at $17.59 on Friday. Senior Housing Properties Trust has a 12-month low of $17.45 and a 12-month high of $22.52. The stock has a market capitalization of $4,301.11, a price-to-earnings ratio of 33.19, a PEG ratio of 3.27 and a beta of 0.47. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.33 and a current ratio of 1.33.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Thursday, November 9th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Senior Housing Properties Trust had a net margin of 11.72% and a return on equity of 3.79%. The business had revenue of $266.68 million for the quarter, compared to analysts’ expectations of $266.23 million. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. sell-side analysts predict that Senior Housing Properties Trust will post 1.69 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in Senior Housing Properties Trust by 30.8% in the 3rd quarter. Cetera Advisors LLC now owns 13,047 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 3,070 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Senior Housing Properties Trust by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 503,830 shares of the real estate investment trust’s stock worth $9,827,000 after acquiring an additional 3,071 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Senior Housing Properties Trust by 4.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 87,531 shares of the real estate investment trust’s stock worth $1,712,000 after acquiring an additional 3,845 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in Senior Housing Properties Trust by 4.8% in the 4th quarter. Capital Investment Advisors LLC now owns 161,720 shares of the real estate investment trust’s stock worth $3,097,000 after acquiring an additional 7,350 shares during the last quarter. Finally, Strs Ohio increased its holdings in Senior Housing Properties Trust by 3.4% in the 4th quarter. Strs Ohio now owns 306,378 shares of the real estate investment trust’s stock worth $5,867,000 after acquiring an additional 10,212 shares during the last quarter. 73.89% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Senior Housing Properties Trust (SNH) Upgraded by Zacks Investment Research to Hold” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/27/senior-housing-properties-trust-snh-upgraded-by-zacks-investment-research-to-hold.html.

About Senior Housing Properties Trust

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.

Get a free copy of the Zacks research report on Senior Housing Properties Trust (SNH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply