Credit Suisse AG decreased its stake in New Senior Investment Group Inc. (NYSE:SNR) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 191,015 shares of the real estate investment trust’s stock after selling 9,286 shares during the period. Credit Suisse AG’s holdings in New Senior Investment Group were worth $1,948,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of New Senior Investment Group during the first quarter valued at approximately $101,000. BTC Capital Management Inc. bought a new stake in shares of New Senior Investment Group during the first quarter valued at approximately $105,000. Independent Advisor Alliance bought a new stake in shares of New Senior Investment Group during the first quarter valued at approximately $108,000. Creative Planning raised its stake 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, Karp Capital Management Corp bought a new stake in shares of New Senior Investment Group during the first quarter valued at approximately $194,000. Institutional investors own 67.45% of the company’s stock.

New Senior Investment Group Inc. (SNR) traded down 1.32% during midday trading on Thursday, hitting $8.95. 345,910 shares of the company traded hands. The stock has a 50 day moving average of $10.07 and a 200 day moving average of $10.09. The stock’s market cap is $735.22 million. New Senior Investment Group Inc. has a 12-month low of $8.87 and a 12-month high of $12.68.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $114.29 million for the quarter, compared to analyst estimates of $114.70 million. New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. During the same period last year, the business posted $0.32 earnings per share. Equities research analysts predict that New Senior Investment Group Inc. will post ($0.64) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend is Thursday, September 7th. New Senior Investment Group’s dividend payout ratio (DPR) is -288.88%.

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Several brokerages have commented on SNR. Stifel Nicolaus restated a “hold” rating and set a $10.00 target price on shares of New Senior Investment Group in a research report on Friday, July 14th. BidaskClub lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Finally, Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a research report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. New Senior Investment Group presently has a consensus rating of “Hold” and a consensus target price of $10.67.

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.

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

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