Panagora Asset Management Inc. Has $24.87 Million Position in Senior Housing Properties Trust (SNH)

Panagora Asset Management Inc. boosted its position in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 29.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,416,228 shares of the real estate investment trust’s stock after purchasing an additional 323,753 shares during the quarter. Panagora Asset Management Inc. owned 0.60% of Senior Housing Properties Trust worth $24,869,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Senior Housing Properties Trust by 33.7% in the second quarter. Canada Pension Plan Investment Board now owns 204,300 shares of the real estate investment trust’s stock valued at $3,696,000 after buying an additional 51,500 shares during the period. Capital Fund Management S.A. boosted its holdings in shares of Senior Housing Properties Trust by 3.5% in the second quarter. Capital Fund Management S.A. now owns 84,893 shares of the real estate investment trust’s stock valued at $1,536,000 after buying an additional 2,900 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Senior Housing Properties Trust in the second quarter valued at approximately $923,000. Segall Bryant & Hamill LLC acquired a new position in shares of Senior Housing Properties Trust in the second quarter valued at approximately $11,007,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Senior Housing Properties Trust by 4.3% in the second quarter. OppenheimerFunds Inc. now owns 126,034 shares of the real estate investment trust’s stock valued at $2,280,000 after buying an additional 5,160 shares during the period. Institutional investors own 74.51% of the company’s stock.

NASDAQ SNH opened at $13.46 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 4.49 and a current ratio of 4.49. Senior Housing Properties Trust has a 1 year low of $13.06 and a 1 year high of $19.98. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 2.26 and a beta of 0.45.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The firm had revenue of $279.00 million for the quarter, compared to the consensus estimate of $279.10 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Senior Housing Properties Trust will post 1.57 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend was Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is currently 98.73%.

SNH has been the subject of several recent research reports. ValuEngine upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Zacks Investment Research cut shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Jefferies Financial Group cut shares of Senior Housing Properties Trust from a “hold” rating to an “underperform” rating in a report on Friday, November 16th. BidaskClub upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley cut shares of Senior Housing Properties Trust from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Monday, October 29th. Seven research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.00.

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Senior Housing Properties Trust Company Profile

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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Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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