Senior Housing Properties Trust (NYSE:SNH) shares hit a new 52-week high on Friday . The company 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 upped their target price for the company from $18.00 to $23.00 in a report on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.80.

The stock has a market cap of $5.27 billion and a P/E ratio of 45.61. The firm’s 50 day moving average is $20.96 and its 200-day moving average is $17.89.

Senior Housing Properties Trust (NYSE:SNH) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. During the same period last year, the business posted $0.42 EPS. The company earned $258.37 million during the quarter, compared to the consensus estimate of $259.81 million. The company’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 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Investors 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 is Wednesday, July 20th.

Several hedge funds recently made changes to their positions in SNH. Wells Fargo & Company MN increased its stake 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 valued at $15,179,000 after buying an additional 57,647 shares during the period. Principal Financial Group Inc. increased its stake 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 valued at $15,024,000 after buying an additional 33,992 shares during the period. California Public Employees Retirement System increased its stake in shares of 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 valued at $7,701,000 after buying an additional 20,400 shares during the period. First Trust Advisors LP increased its stake in shares of 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 period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake 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 valued at $3,261,000 after buying an additional 23,238 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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