Metropolitan Life Insurance Co. NY raised its stake in New Senior Investment Group Inc. (NYSE:SNR) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,558 shares of the real estate investment trust’s stock after buying an additional 2,475 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.07% of New Senior Investment Group worth $628,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of New Senior Investment Group by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,695 shares of the real estate investment trust’s stock valued at $9,953,000 after buying an additional 88,067 shares during the last quarter. Norges Bank acquired a new position in shares of New Senior Investment Group during the fourth quarter valued at approximately $9,128,000. Teachers Advisors LLC raised its position in shares of New Senior Investment Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 125,023 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 3,356 shares during the last quarter. Creative Planning raised its position in shares of New Senior Investment Group by 7.2% in the first quarter. Creative Planning now owns 16,045 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 1,074 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. raised its position in shares of New Senior Investment Group by 20.1% in the first quarter. Financial & Investment Management Group Ltd. now owns 681,752 shares of the real estate investment trust’s stock valued at $6,954,000 after buying an additional 114,087 shares during the last quarter. 67.45% of the stock is owned by institutional investors.

Shares of New Senior Investment Group Inc. (SNR) traded down 0.11% during mid-day trading on Tuesday, reaching $9.26. The company’s stock had a trading volume of 194,314 shares. The company’s 50-day moving average price is $10.15 and its 200-day moving average price is $10.12. New Senior Investment Group Inc. has a 12-month low of $9.02 and a 12-month high of $12.68. The stock’s market capitalization is $760.63 million.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The business had revenue of $114.29 million for the quarter, compared to the consensus estimate of $114.70 million. New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.17%. During the same period last year, the business posted $0.32 EPS. On average, equities research analysts forecast that New Senior Investment Group Inc. will post ($0.64) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.22%. The ex-dividend date of this dividend is Thursday, September 7th. New Senior Investment Group’s dividend payout ratio is presently -288.88%.

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Several research analysts have recently commented on SNR shares. Zacks Investment Research raised New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a report on Friday, May 5th. Stifel Nicolaus cut their price objective on New Senior Investment Group from $11.00 to $10.00 and set a “hold” rating for the company in a report on Friday, May 12th. Finally, BidaskClub lowered New Senior Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. New Senior Investment Group currently has an average rating of “Hold” and an average price target of $12.13.

New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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