Shares of Senior Housing Properties Trust (NYSE:SNH) hit a new 52-week high on Monday . The stock traded as high as $22.20 and last traded at $22.19, with a volume of 563,078 shares traded. The stock had previously closed at $22.07.

Separately, Royal Bank Of Canada raised Senior Housing Properties Trust from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $18.00 to $23.00 in a report on Friday, June 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Senior Housing Properties Trust presently has an average rating of “Hold” and an average target price of $18.80.

The company’s 50 day moving average is $20.25 and its 200 day moving average is $17.52. The company has a market cap of $5.27 billion and a price-to-earnings ratio of 45.59.

Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. During the same period last year, the company posted $0.42 earnings per share. The company had revenue of $258.37 million for the quarter, compared to analyst estimates of $259.81 million. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Senior Housing Properties Trust will post $1.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Friday, July 22nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.56 annualized dividend and a yield of 7.03%.

A number of hedge funds have added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Senior Housing Properties Trust by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,850 shares of the real estate investment trust’s stock valued at $1,022,000 after buying an additional 315 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Senior Housing Properties Trust by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 159,099 shares of the real estate investment trust’s stock valued at $2,361,000 after buying an additional 674 shares in the last quarter. Swiss National Bank raised its stake in Senior Housing Properties Trust by 0.9% in the fourth quarter. Swiss National Bank now owns 310,700 shares of the real estate investment trust’s stock valued at $4,611,000 after buying an additional 2,700 shares in the last quarter. Rhumbline Advisers raised its stake in Senior Housing Properties Trust by 1.0% in the fourth quarter. Rhumbline Advisers now owns 356,700 shares of the real estate investment trust’s stock valued at $5,293,000 after buying an additional 3,435 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake 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 valued at $1,598,000 after buying an additional 11,883 shares in the last quarter.

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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