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

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

The firm has a market cap of $5.20 billion and a price-to-earnings ratio of 44.93. The company has a 50 day moving average of $20.31 and a 200 day moving average of $17.55.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Friday, July 22nd will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, July 20th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.99%.

Several hedge funds recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 worth $1,022,000 after buying an additional 315 shares during the last quarter. ProShare Advisors LLC boosted 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 worth $1,598,000 after buying an additional 11,883 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in Senior Housing Properties Trust by 48.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 150,204 shares of the real estate investment trust’s stock worth $2,229,000 after buying an additional 49,096 shares during the last quarter. Mutual of America Capital Management LLC boosted 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 worth $2,361,000 after buying an additional 674 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Senior Housing Properties Trust by 11.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 219,753 shares of the real estate investment trust’s stock worth $3,261,000 after buying an additional 23,238 shares during 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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