New Senior Investment Group Inc. (NYSE:SNR) hit a new 52-week high on Wednesday . The company traded as high as $12.37 and last traded at $12.31, with a volume of 364,156 shares changing hands. The stock had previously closed at $12.05.

Several research analysts have recently commented on the company. Compass Point boosted their price target on New Senior Investment Group from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a research report on Thursday, August 4th. Finally, Zacks Investment Research raised New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.63.

The firm’s market cap is $1.02 billion. The firm has a 50-day moving average of $11.42 and a 200 day moving average of $10.43.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The company earned $118.54 million during the quarter, compared to the consensus estimate of $118.98 million. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. Analysts predict that New Senior Investment Group Inc. will post $1.32 earnings per share for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in SNR. Rhumbline Advisers raised its position in New Senior Investment Group by 8.6% in the fourth quarter. Rhumbline Advisers now owns 120,997 shares of the real estate investment trust’s stock valued at $1,193,000 after buying an additional 9,565 shares in the last quarter. New York State Common Retirement Fund raised its position in New Senior Investment Group by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 261,212 shares of the real estate investment trust’s stock valued at $2,576,000 after buying an additional 4,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position in New Senior Investment Group by 84.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 696,537 shares of the real estate investment trust’s stock valued at $6,868,000 after buying an additional 318,084 shares in the last quarter. Finally, Morgan Stanley raised its position in New Senior Investment Group by 50.6% in the fourth quarter. Morgan Stanley now owns 1,305,356 shares of the real estate investment trust’s stock valued at $12,872,000 after buying an additional 438,443 shares in the last quarter.

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

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