New Senior Investment Group Inc. (SNR) Shares Down 2.1%
Shares of New Senior Investment Group Inc. (NYSE:SNR) traded down 2.1% during mid-day trading on Friday . The company traded as low as $12.04 and last traded at $12.14, with a volume of 341,199 shares changing hands. The stock had previously closed at $12.40.
SNR has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “buy” rating on shares of New Senior Investment Group in a research report on Monday, August 15th. Compass Point upped their price objective on New Senior Investment Group from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Monday, August 8th. 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 issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.63.
The company has a 50-day moving average price of $11.87 and a 200 day moving average price of $10.65. The stock’s market capitalization is $998.66 million.
New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $118.54 million for the quarter, compared to the consensus estimate of $118.98 million. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that New Senior Investment Group Inc. will post $1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.55%.
Other institutional investors recently made changes to their positions in the company. Morgan Stanley raised its position 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 worth $12,872,000 after buying an additional 438,443 shares during the period. 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 during the last quarter. Finally, 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 during 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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