Morgan Stanley Trims New Senior Investment Group (SNR) Target Price to $8.00

New Senior Investment Group (NYSE:SNR) had its price objective dropped by Morgan Stanley from $9.00 to $8.00 in a research report issued on Thursday. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.83% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $10.00 in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.33.

Shares of New Senior Investment Group (NYSE:SNR) traded up $0.14 on Thursday, hitting $7.78. The stock had a trading volume of 893,900 shares, compared to its average volume of 631,520. New Senior Investment Group has a 12-month low of $7.62 and a 12-month high of $10.82. The company has a market capitalization of $634.19, a PE ratio of 6.53 and a beta of 0.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.82 and a current ratio of 1.82.

A number of institutional investors and hedge funds have recently modified their holdings of the business. 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 during the period. M&T Bank Corp lifted its stake in New Senior Investment Group by 0.6% in 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 period. Nomura Asset Management Co. Ltd. raised its holdings in New Senior Investment Group by 0.4% in 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 purchasing an additional 200 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in New Senior Investment Group by 2.8% in 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 purchasing an additional 303 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in New Senior Investment Group by 2.9% in the second quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 310 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

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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.