Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a research note published on Friday morning. The firm currently has $8.00 target price on the real estate investment trust’s stock.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Several other brokerages have also commented on SNR. Morgan Stanley decreased their price objective on New Senior Investment Group from $9.00 to $8.00 and set an underweight rating for the company in a report on Thursday, December 14th. ValuEngine lowered New Senior Investment Group from a buy rating to a hold rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. New Senior Investment Group presently has a consensus rating of Hold and an average target price of $9.00.

Shares of New Senior Investment Group (NYSE SNR) traded down $0.05 on Friday, hitting $6.98. The stock had a trading volume of 1,220,583 shares, compared to its average volume of 642,897. New Senior Investment Group has a 12-month low of $6.77 and a 12-month high of $10.82. 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 $577.51, a price-to-earnings ratio of -24.07 and a beta of 0.84.

Institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC increased its position in shares of New Senior Investment Group by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 36,058 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 3,897 shares during the period. Wells Fargo & Company MN increased its position in shares of New Senior Investment Group by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 144,131 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 4,468 shares during the period. First Trust Advisors LP increased its position in shares of New Senior Investment Group by 6.8% in the 3rd quarter. First Trust Advisors LP now owns 90,775 shares of the real estate investment trust’s stock valued at $831,000 after acquiring an additional 5,817 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of New Senior Investment Group by 59.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,846 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 6,620 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of New Senior Investment Group by 11.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,345 shares of the real estate investment trust’s stock valued at $687,000 after acquiring an additional 7,146 shares during the period. Hedge funds and other institutional investors own 67.40% of the company’s stock.

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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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