Analysts Set $10.00 Price Target for New Senior Investment Group Inc. (SNR)
New Senior Investment Group Inc. (NYSE:SNR) has been assigned an average broker rating score of 3.50 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating and one has given a hold rating to the company.
Brokers have set a 1 year consensus target price of $10.00 for the company and are predicting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned New Senior Investment Group an industry rank of 160 out of 265 based on the ratings given to related companies.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, October 1st. Canaccord Genuity reiterated a “buy” rating on shares of New Senior Investment Group in a report on Thursday, August 4th. Finally, 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.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in New Senior Investment Group by 4.8% in the first quarter. UBS Group AG now owns 1,353,303 shares of the real estate investment trust’s stock valued at $13,938,000 after buying an additional 61,990 shares during the period. Royal Bank of Canada increased its position in New Senior Investment Group by 0.6% in the second quarter. Royal Bank of Canada now owns 1,231,896 shares of the real estate investment trust’s stock valued at $13,157,000 after buying an additional 7,048 shares during the period. Bank of New York Mellon Corp increased its position in New Senior Investment Group by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 1,196,818 shares of the real estate investment trust’s stock valued at $12,781,000 after buying an additional 28,465 shares during the period. Dimensional Fund Advisors LP increased its position in New Senior Investment Group by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the real estate investment trust’s stock valued at $9,731,000 after buying an additional 46,277 shares during the period. Finally, Bank of Montreal Can acquired a new position in New Senior Investment Group during the second quarter valued at approximately $9,632,000. Institutional investors and hedge funds own 71.66% of the company’s stock.
New Senior Investment Group (NYSE:SNR) opened at 10.29 on Monday. The company’s market capitalization is $845.09 million. The company’s 50-day moving average is $11.44 and its 200 day moving average is $11.16. New Senior Investment Group has a one year low of $7.78 and a one year high of $12.68.
New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. New Senior Investment Group had a negative return on equity of 12.19% and a negative net margin of 19.39%. The firm had revenue of $118.54 million for the quarter, compared to the consensus estimate of $118.98 million. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Analysts predict that New Senior Investment Group will post $1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 8th were paid a $0.26 dividend. The ex-dividend date was Tuesday, September 6th. This represents a $1.04 annualized dividend and a dividend yield of 10.11%. New Senior Investment Group’s dividend payout ratio (DPR) is presently -98.11%.
About New Senior Investment Group
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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