New Senior Investment Group Inc. (NYSE:SNR) shares fell 2.3% during mid-day trading on Thursday . The stock traded as low as $10.79 and last traded at $10.84, with a volume of 252,755 shares. The stock had previously closed at $11.09.

Several brokerages have issued reports on SNR. Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, May 13th. Canaccord Genuity reiterated a “buy” rating on shares of New Senior Investment Group in a report on Tuesday, May 10th. Finally, Compass Point increased their price target on New Senior Investment Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.00.

The firm’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.06. The company’s market cap is $919.68 million.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $117.94 million during the quarter, compared to analysts’ expectations of $120.48 million. The company’s quarterly revenue was up 59.7% on a year-over-year basis. Equities research analysts forecast that New Senior Investment Group Inc. will post $1.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th were issued a $0.26 dividend. The ex-dividend date was Monday, June 6th. This represents a $1.04 annualized dividend and a dividend yield of 9.29%.

Other hedge funds and institutional investors have made changes to their positions in the company. Strs Ohio increased its position in shares of New Senior Investment Group by 2.8% in the fourth quarter. Strs Ohio now owns 158,768 shares of the real estate investment trust’s stock worth $1,565,000 after buying an additional 4,328 shares in the last quarter. California State Teachers Retirement System increased its position in shares of New Senior Investment Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 160,304 shares of the real estate investment trust’s stock worth $1,581,000 after buying an additional 2,506 shares in the last quarter. Rhumbline Advisers increased its position in shares of New Senior Investment Group by 8.6% in the fourth quarter. Rhumbline Advisers now owns 120,997 shares of the real estate investment trust’s stock worth $1,193,000 after buying an additional 9,565 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of New Senior Investment Group by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 261,212 shares of the real estate investment trust’s stock worth $2,576,000 after buying an additional 4,200 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of New Senior Investment Group by 7,197.0% in the fourth quarter. Teacher Retirement System of Texas now owns 751,230 shares of the real estate investment trust’s stock worth $7,407,000 after buying an additional 740,935 shares in the last quarter.

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

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