Shares of New Senior Investment Group Inc. (NYSE:SNR) saw strong trading volume on Monday . 499,802 shares were traded during trading, a decline of 16% from the previous session’s volume of 594,931 shares.The stock last traded at $12.20 and had previously closed at $12.16.

A number of equities research analysts have commented on the stock. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a report on Monday, August 15th. Compass Point increased their price objective on shares of New Senior Investment Group from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Zacks Investment Research raised shares of New Senior Investment Group from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.63.

The stock’s 50-day moving average is $11.94 and its 200 day moving average is $10.73. The firm’s market cap is $1.00 billion.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business earned $118.54 million during the quarter, compared to analysts’ expectations of $118.98 million. New Senior Investment Group’s quarterly revenue was up 30.0% on a year-over-year basis. On average, equities research analysts expect that New Senior Investment Group Inc. will post $1.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 8.51%. The ex-dividend date is Tuesday, September 6th.

A hedge fund recently raised its stake in New Senior Investment Group stock. Morgan Stanley boosted its stake in New Senior Investment Group Inc. (NYSE:SNR) by 50.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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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