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

Separately, 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 research note on Friday, June 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.80.

The company has a market capitalization of $5.18 billion and a P/E ratio of 44.83. The firm has a 50-day moving average price of $20.49 and a 200-day moving average price of $17.61.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Friday, July 22nd will be given 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 7.19%.

A number of institutional investors have recently bought and sold shares of SNH. Swiss National Bank raised its position 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 worth $4,611,000 after buying an additional 2,700 shares during the period. First Trust Advisors LP raised its position in Senior Housing Properties Trust by 5.4% in the fourth quarter. First Trust Advisors LP now owns 272,820 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 13,875 shares during the period. Rhumbline Advisers raised its position 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 worth $5,293,000 after buying an additional 3,435 shares during the period. California Public Employees Retirement System raised 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 during the period. Finally, ProShare Advisors LLC raised 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 during the period.

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments: triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, which includes the remainder of its operations, including certain properties that offer fitness, wellness and spa services to members.

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