Shares of New Senior Investment Group Inc. (NYSE:SNR) were up 1.5% during trading on Wednesday . The stock traded as high as $12.36 and last traded at $12.34, with a volume of 233,963 shares trading hands. The stock had previously closed at $12.16.

Several analysts have commented on SNR shares. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a report on Monday. Compass Point lifted their price target on New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a report on Monday, August 8th. Finally, Zacks Investment Research upgraded New Senior Investment Group from a “strong sell” rating to a “hold” rating in a 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.63.

The stock’s market cap is $1.01 billion. The firm’s 50-day moving average is $11.59 and its 200-day moving average is $10.52.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $118.54 million during the quarter, compared to analyst estimates of $118.98 million. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, equities research analysts anticipate that New Senior Investment Group Inc. will post $1.32 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in SNR. Dimensional Fund Advisors LP raised its stake in shares of 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 during the period. Morgan Stanley increased its stake in shares of 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 York State Common Retirement Fund increased its stake in shares of 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. Finally, Rhumbline Advisers increased its stake in shares of 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.