Zacks: Analysts Anticipate Senior Housing Properties Trust (SNH) Will Announce Quarterly Sales of $288.14 Million

Wall Street brokerages expect Senior Housing Properties Trust (NASDAQ:SNH) to post $288.14 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Senior Housing Properties Trust’s earnings. The highest sales estimate is $293.63 million and the lowest is $281.17 million. Senior Housing Properties Trust posted sales of $278.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that Senior Housing Properties Trust will report full-year sales of $1.13 billion for the current year, with estimates ranging from $1.11 billion to $1.17 billion. For the next financial year, analysts expect that the company will post sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The company had revenue of $279.00 million for the quarter, compared to analyst estimates of $279.10 million. Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS.

SNH has been the topic of several recent analyst reports. ValuEngine raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research lowered Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. BidaskClub raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Morgan Stanley lowered Senior Housing Properties Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $17.00 to $15.00 in a research report on Monday, October 29th. Finally, B. Riley set a $23.00 price target on Senior Housing Properties Trust and gave the stock a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.29.

NASDAQ:SNH opened at $16.27 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 2.58 and a beta of 0.45. Senior Housing Properties Trust has a twelve month low of $14.86 and a twelve month high of $19.98. The company has a current ratio of 4.49, a quick ratio of 5.36 and a debt-to-equity ratio of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.59%. The ex-dividend date is Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 98.73%.

Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank acquired a new position in shares of Senior Housing Properties Trust during the 3rd quarter worth approximately $126,000. Cornerstone Wealth Management LLC acquired a new position in shares of Senior Housing Properties Trust during the 2nd quarter worth approximately $450,000. Qube Research & Technologies Ltd acquired a new position in shares of Senior Housing Properties Trust during the 2nd quarter worth approximately $184,000. CIBC Asset Management Inc acquired a new position in shares of Senior Housing Properties Trust during the 2nd quarter worth approximately $185,000. Finally, Globeflex Capital L P acquired a new position in shares of Senior Housing Properties Trust during the 3rd quarter worth approximately $181,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

About Senior Housing Properties Trust

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

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