New Senior Investment Group (SNR) Downgraded by Zacks Investment Research

New Senior Investment Group (NYSE:SNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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 target on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.19.

New Senior Investment Group (NYSE:SNR) traded down $0.02 during trading hours on Tuesday, reaching $7.18. The company had a trading volume of 295,382 shares, compared to its average volume of 594,031. The firm has a market capitalization of $615.29, a price-to-earnings ratio of -24.76 and a beta of 0.84. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group has a fifty-two week low of $7.07 and a fifty-two week high of $10.82.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). New Senior Investment Group had a negative net margin of 5.25% and a negative return on equity of 4.49%. sell-side analysts anticipate that New Senior Investment Group will post 1.12 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Arete Wealth Advisors LLC boosted its stake in shares of New Senior Investment Group by 0.5% during the first quarter. Arete Wealth Advisors LLC now owns 29,945 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 145 shares in the last quarter. M&T Bank Corp raised its position in shares of New Senior Investment Group by 0.6% during the second quarter. M&T Bank Corp now owns 28,114 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of New Senior Investment Group by 0.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 200 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of New Senior Investment Group by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 10,943 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 303 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of New Senior Investment Group by 2.9% during the second quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 310 shares during the last quarter. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/06/new-senior-investment-group-snr-downgraded-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on New Senior Investment Group (SNR)

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

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

Leave a Reply