BlackRock Inc. lowered its position in Senior Housing Properties Trust (NYSE:SNH) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,203,097 shares of the company’s stock after selling 774,563 shares during the period. BlackRock Inc. owned 10.19% of Senior Housing Properties Trust worth $494,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SNH. Oxford Asset Management acquired a new position in Senior Housing Properties Trust in the first quarter worth approximately $241,000. JPMorgan Chase & Co. increased its holdings in Senior Housing Properties Trust by 518.7% in the first quarter. JPMorgan Chase & Co. now owns 3,607,893 shares of the company’s stock worth $73,059,000 after buying an additional 3,024,789 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Senior Housing Properties Trust by 166.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 31,629 shares of the company’s stock worth $641,000 after buying an additional 19,752 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Senior Housing Properties Trust by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 110,080 shares of the company’s stock worth $2,229,000 after buying an additional 1,390 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in Senior Housing Properties Trust by 260.5% in the first quarter. Rafferty Asset Management LLC now owns 42,672 shares of the company’s stock worth $864,000 after buying an additional 30,836 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This article was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/25/blackrock-inc-reduces-position-in-senior-housing-properties-trust-snh.html.

A number of equities analysts recently commented on SNH shares. Cantor Fitzgerald restated a “buy” rating and issued a $24.00 price objective on shares of Senior Housing Properties Trust in a report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 price objective on shares of Senior Housing Properties Trust in a report on Monday, June 19th. FBR & Co restated a “buy” rating and issued a $24.00 price objective on shares of Senior Housing Properties Trust in a report on Friday, June 30th. Zacks Investment Research downgraded Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Finally, BidaskClub upgraded Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Senior Housing Properties Trust currently has an average rating of “Hold” and a consensus price target of $21.80.

Senior Housing Properties Trust (NYSE SNH) opened at 19.42 on Monday. Senior Housing Properties Trust has a one year low of $17.14 and a one year high of $23.67.

Senior Housing Properties Trust (NYSE:SNH) last released its earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $265.01 million during the quarter, compared to the consensus estimate of $260.72 million. Senior Housing Properties Trust had a net margin of 6.43% and a return on equity of 2.01%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, analysts forecast that Senior Housing Properties Trust will post $0.61 earnings per share for the current fiscal year.

Senior Housing Properties Trust Profile

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

Institutional Ownership by Quarter for Senior Housing Properties Trust (NYSE:SNH)

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.