New Senior Investment Group Inc. (SNR) Trading Down 2.3%
New Senior Investment Group Inc. (NYSE:SNR) shares traded down 2.3% during mid-day trading on Thursday . The company traded as low as $10.79 and last traded at $10.84, with a volume of 252,755 shares trading hands. The stock had previously closed at $11.09.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Compass Point raised their price objective on New Senior Investment Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 29th. Finally, Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.
The stock’s market cap is $895.04 million. The firm’s 50-day moving average price is $10.48 and its 200 day moving average price is $10.05.
New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Thursday, May 5th. 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. The firm earned $117.94 million during the quarter, compared to analyst estimates of $120.48 million. The company’s quarterly revenue was up 59.7% compared to the same quarter last year. Equities research analysts forecast that New Senior Investment Group Inc. will post $1.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.04 annualized dividend and a dividend yield of 9.54%.
Several hedge funds recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in shares of New Senior Investment Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 160,304 shares of the real estate investment trust’s stock valued at $1,581,000 after buying an additional 2,506 shares in the last quarter. New York State Common Retirement Fund increased its position in New Senior Investment Group by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 261,212 shares of the real estate investment trust’s stock valued at $2,576,000 after buying an additional 4,200 shares during the period. Strs Ohio increased its position in New Senior Investment Group by 2.8% in the fourth quarter. Strs Ohio now owns 158,768 shares of the real estate investment trust’s stock valued at $1,565,000 after buying an additional 4,328 shares during the period. Rhumbline Advisers increased its position in New Senior Investment Group by 8.6% in the fourth quarter. Rhumbline Advisers now owns 120,997 shares of the real estate investment trust’s stock valued at $1,193,000 after buying an additional 9,565 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in New Senior Investment Group by 84.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 696,537 shares of the real estate investment trust’s stock valued at $6,868,000 after buying an additional 318,084 shares during the 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.