Shares of Senior Housing Properties Trust (NYSE:SNH) reached a new 52-week high during trading on Friday . The stock traded as high as $22.38 and last traded at $22.25, with a volume of 776,834 shares. The stock had previously closed at $21.87.

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

The company’s 50 day moving average is $20.87 and its 200 day moving average is $17.84. The firm has a market cap of $5.27 billion and a P/E ratio of 45.61.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Friday, July 22nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend is Wednesday, July 20th.

Other hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 during the last quarter. Mutual of America Capital Management LLC increased 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 during the last quarter. Swiss National Bank increased 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 during the last quarter. ProShare Advisors LLC increased 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 during the last quarter. Finally, First Trust Advisors LP increased its stake 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 valued at $4,049,000 after buying an additional 13,875 shares during the last quarter.

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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