Senior Housing Properties Trust (SNH) Hits New 52-Week High at $23.25
Senior Housing Properties Trust (NYSE:SNH) shares hit a new 52-week high on Tuesday . The stock traded as high as $23.25 and last traded at $23.24, with a volume of 819,909 shares trading hands. The stock had previously closed at $22.92.
Several research analysts recently weighed in on SNH shares. Jefferies Group raised their target price on Senior Housing Properties Trust from $24.00 to $25.00 and gave the company a “buy” rating in a research note 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 target price for the company 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 raised their target price for the company from $18.00 to $23.00 in a research note on Friday, June 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Senior Housing Properties Trust has a consensus rating of “Hold” and an average target price of $21.80.
The company has a market capitalization of $5.54 billion and a price-to-earnings ratio of 46.83. The firm’s 50-day moving average price is $21.97 and its 200-day moving average price is $19.24.
Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. During the same period last year, the company posted $0.45 earnings per share. The company had revenue of $261.40 million for the quarter, compared to analyst estimates of $259.70 million. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that Senior Housing Properties Trust will post $1.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Friday, July 22nd were given 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 6.81%.
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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