BlackRock Inc. Grows Position in Senior Housing Properties Trust (NASDAQ:SNH)

BlackRock Inc. increased its position in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,475,828 shares of the real estate investment trust’s stock after purchasing an additional 92,108 shares during the period. BlackRock Inc. owned approximately 11.98% of Senior Housing Properties Trust worth $335,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in Senior Housing Properties Trust by 3.5% during the 1st quarter. LSV Asset Management now owns 10,664,177 shares of the real estate investment trust’s stock worth $125,624,000 after acquiring an additional 357,500 shares during the period. Morgan Stanley increased its stake in Senior Housing Properties Trust by 4.4% during the 3rd quarter. Morgan Stanley now owns 7,046,976 shares of the real estate investment trust’s stock worth $123,746,000 after acquiring an additional 297,136 shares during the period. Geode Capital Management LLC increased its stake in Senior Housing Properties Trust by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 4,316,383 shares of the real estate investment trust’s stock worth $50,712,000 after acquiring an additional 672,282 shares during the period. Bank of New York Mellon Corp increased its stake in Senior Housing Properties Trust by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,176,501 shares of the real estate investment trust’s stock worth $48,949,000 after acquiring an additional 324,233 shares during the period. Finally, Norges Bank bought a new position in Senior Housing Properties Trust during the 4th quarter worth $33,676,000. 71.11% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on SNH shares. Morgan Stanley set a $11.00 price objective on Senior Housing Properties Trust and gave the stock a “sell” rating in a research note on Thursday, March 28th. B. Riley set a $14.00 price target on Senior Housing Properties Trust and gave the company a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Senior Housing Properties Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th. BidaskClub lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, ValuEngine lowered Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.40.

Shares of SNH opened at $8.14 on Thursday. Senior Housing Properties Trust has a 52-week low of $7.49 and a 52-week high of $19.17. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $1.94 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.64.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $266.29 million for the quarter, compared to the consensus estimate of $268.21 million. Senior Housing Properties Trust had a return on equity of 0.59% and a net margin of 7.31%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities research analysts expect that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend was Friday, April 26th. Senior Housing Properties Trust’s payout ratio is presently 37.74%.

TRADEMARK VIOLATION NOTICE: “BlackRock Inc. Grows Position in Senior Housing Properties Trust (NASDAQ:SNH)” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2019/06/13/blackrock-inc-grows-position-in-senior-housing-properties-trust-nasdaqsnh.html.

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.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Institutional Ownership by Quarter 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