Senior Housing Properties Trust (NYSE:SNH) shares dropped 2.2% during trading on Wednesday . The company traded as low as $21.80 and last traded at $21.84, with a volume of 615,105 shares changing hands. The stock had previously closed at $22.32.

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

The stock has a 50-day moving average of $20.36 and a 200 day moving average of $17.55. The company has a market capitalization of $5.17 billion and a price-to-earnings ratio of 44.74.

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

The firm 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Wednesday, July 20th.

Several institutional investors have made changes to their positions in SNH. Principal Financial Group Inc. increased its position in shares of Senior Housing Properties Trust by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,012,415 shares of the real estate investment trust’s stock worth $15,024,000 after buying an additional 33,992 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Senior Housing Properties Trust by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,022,761 shares of the real estate investment trust’s stock worth $15,179,000 after buying an additional 57,647 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of 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 in the last quarter. Mutual of America Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Thornburg Investment Management Inc. increased its position in shares of Senior Housing Properties Trust by 9.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 5,123,900 shares of the real estate investment trust’s stock worth $76,039,000 after buying an additional 453,900 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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