Senior Housing Properties Trust (SNH) Reaches New 12-Month High at $22.44
Shares of Senior Housing Properties Trust (NYSE:SNH) hit a new 52-week high on Wednesday . The company traded as high as $22.44 and last traded at $22.34, with a volume of 3,611,603 shares trading hands. The stock had previously closed at $22.29.
A number of brokerages have weighed in on SNH. Jefferies Group upped their price target on Senior Housing Properties Trust from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 22nd. Zacks Investment Research raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada raised Senior Housing Properties Trust from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $18.00 to $23.00 in a research note 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 company currently has a consensus rating of “Hold” and an average price target of $21.80.
The company has a 50-day moving average price of $21.93 and a 200-day moving average price of $19.09. The firm has a market cap of $5.31 billion and a P/E ratio of 44.86.
Senior Housing Properties Trust (NYSE:SNH) last released its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $261.40 million for the quarter, compared to analyst estimates of $259.70 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Senior Housing Properties Trust will post $1.90 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Friday, July 22nd were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, July 20th. This represents a $1.56 annualized dividend and a yield of 6.98%.
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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