New Senior Investment Group Inc. (SNR) Hits New 1-Year High at $12.68
Shares of New Senior Investment Group Inc. (NYSE:SNR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $12.68 and last traded at $12.53, with a volume of 262,937 shares changing hands. The stock had previously closed at $12.34.
A number of research firms have issued reports on SNR. Canaccord Genuity reaffirmed a “buy” rating on shares of New Senior Investment Group in a report on Monday, August 15th. Compass Point raised 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 upgraded 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 stock. New Senior Investment Group currently has a consensus rating of “Hold” and an average price target of $13.63.
The stock’s market capitalization is $1.02 billion. The company has a 50 day moving average price of $12.01 and a 200 day moving average price of $10.77.
New Senior Investment Group (NYSE:SNR) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share (EPS) 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 business’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 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.04 annualized dividend and a yield of 8.43%.
A hedge fund recently raised its stake in New Senior Investment Group stock. Morgan Stanley raised its position in New Senior Investment Group Inc. (NYSE:SNR) by 50.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,305,356 shares of the real estate investment trust’s stock after buying an additional 438,443 shares during the period. Morgan Stanley owned about 1.51% of New Senior Investment Group worth $12,872,000 at the end of the most recent reporting period.
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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