Senior Housing Properties Trust (NYSE:SNH) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.44 and last traded at $21.38, with a volume of 992,356 shares changing hands. The stock had previously closed at $21.11.

A number of research firms recently issued reports on SNH. Royal Bank Of Canada upgraded shares of Senior Housing Properties Trust from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $23.00 in a report on Friday, June 17th. Jefferies Group boosted their target price on shares of Senior Housing Properties Trust from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.80.

The firm has a market capitalization of $5.09 billion and a P/E ratio of 43.98. The stock has a 50 day moving average of $19.47 and a 200-day moving average of $17.10.

Senior Housing Properties Trust (NYSE:SNH) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company earned $258.37 million during the quarter, compared to analysts’ expectations of $259.81 million. Senior Housing Properties Trust’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Analysts predict that Senior Housing Properties Trust will post $1.89 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Symons Capital Management Inc. increased its position in Senior Housing Properties Trust by 189.5% in the fourth quarter. Symons Capital Management Inc. now owns 608,355 shares of the real estate investment trust’s stock worth $9,028,000 after buying an additional 398,182 shares in the last quarter. ProShare Advisors LLC increased its position in Senior Housing Properties Trust by 12.4% in the fourth quarter. ProShare Advisors LLC now owns 107,689 shares of the real estate investment trust’s stock worth $1,598,000 after buying an additional 11,883 shares in the last quarter. State of Alaska Department of Revenue increased its position in Senior Housing Properties Trust by 15.9% in the fourth quarter. State of Alaska Department of Revenue now owns 122,577 shares of the real estate investment trust’s stock worth $1,818,000 after buying an additional 16,827 shares in the last quarter. California Public Employees Retirement System increased its position in Senior Housing Properties Trust by 4.1% in the fourth quarter. California Public Employees Retirement System now owns 518,906 shares of the real estate investment trust’s stock worth $7,701,000 after buying an additional 20,400 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in Senior Housing Properties Trust during the fourth quarter worth approximately $2,418,000.

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments. The first segment includes triple net senior living communities that provide short term and long term residential care and dining services for residents. Properties in this segment include leased independent living communities, assisted living communities and skilled nursing facilities.

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