New Senior Investment Group Inc. (SNR) Stock Price Down 2.1%
Shares of New Senior Investment Group Inc. (NYSE:SNR) fell 2.1% during trading on Friday . The company traded as low as $12.04 and last traded at $12.14, with a volume of 341,199 shares trading hands. The stock had previously closed at $12.40.
A number of brokerages have recently commented on SNR. Zacks Investment Research raised New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Canaccord Genuity reaffirmed a “buy” rating on shares of New Senior Investment Group in a research note on Tuesday, May 10th. Finally, Compass Point upped their price target on New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.63.
The stock’s 50-day moving average is $11.91 and its 200 day moving average is $10.67. The firm’s market capitalization is $998.66 million.
New Senior Investment Group (NYSE:SNR) last released 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 analyst estimates of $118.98 million. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts anticipate that New Senior Investment Group Inc. will post $1.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, September 6th.
An institutional investor recently raised its position in New Senior Investment Group stock. New York State Common Retirement Fund boosted its position in shares of New Senior Investment Group Inc. (NYSE:SNR) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,212 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the period. New York State Common Retirement Fund owned 0.30% of New Senior Investment Group worth $2,576,000 as of its most recent SEC filing.
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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