New Senior Investment Group Inc. (SNR) Sets New 12-Month High at $12.68
New Senior Investment Group Inc. (NYSE:SNR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $12.68 and last traded at $12.53, with a volume of 262,937 shares. The stock had previously closed at $12.34.
SNR has been the topic of several recent analyst reports. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a report on Tuesday, May 10th. Compass Point upped their price objective on shares of 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 shares of New Senior Investment Group from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.63.
The firm has a 50-day moving average of $12.04 and a 200 day moving average of $10.78. The firm’s market cap is $1.02 billion.
New Senior Investment Group (NYSE:SNR) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company earned $118.54 million during the quarter, compared to the consensus estimate of $118.98 million. New Senior Investment Group’s revenue was up 30.0% compared to the same quarter last year. Analysts expect that New Senior Investment Group Inc. will post $1.32 earnings per share for the current year.
The company 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. This represents a $1.04 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Tuesday, September 6th.
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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