JPMorgan Chase & Co. lowered its holdings in New Senior Investment Group Inc (NYSE:SNR) by 48.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,333 shares of the real estate investment trust’s stock after selling 55,987 shares during the period. JPMorgan Chase & Co.’s holdings in New Senior Investment Group were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Prudential Financial Inc. grew its position in shares of New Senior Investment Group by 67.3% in the 3rd quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after acquiring an additional 214,230 shares during the period. Ranger Global Real Estate Advisors LLC grew its position in shares of New Senior Investment Group by 4.9% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 535,569 shares of the real estate investment trust’s stock valued at $4,900,000 after acquiring an additional 25,000 shares during the period. Nationwide Fund Advisors grew its position in shares of New Senior Investment Group by 48.7% in the 2nd quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 22,090 shares during the period. State Street Corp grew its position in shares of New Senior Investment Group by 1.6% in the 2nd quarter. State Street Corp now owns 1,919,581 shares of the real estate investment trust’s stock valued at $19,287,000 after acquiring an additional 30,977 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of New Senior Investment Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,504,924 shares of the real estate investment trust’s stock valued at $135,724,000 after acquiring an additional 180,288 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

Shares of New Senior Investment Group Inc (NYSE:SNR) opened at $7.40 on Wednesday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $607.90, a PE ratio of -25.52 and a beta of 0.82. New Senior Investment Group Inc has a 12 month low of $7.37 and a 12 month high of $10.82.

New Senior Investment Group (NYSE:SNR) last posted its earnings results on Friday, November 3rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). New Senior Investment Group had a negative return on equity of 4.49% and a negative net margin of 5.25%. research analysts forecast that New Senior Investment Group Inc will post 1.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 14.05%. The ex-dividend date of this dividend was Thursday, December 7th. New Senior Investment Group’s dividend payout ratio is presently -358.62%.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Friday, January 5th. Morgan Stanley decreased their price objective on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.19.

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About New Senior Investment Group

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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