New Senior Investment Group Inc. (NYSE:SNR) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01, Bloomberg Earnings reports. The firm had revenue of $114.29 million during 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 5.17%. During the same period in the prior year, the company posted $0.32 earnings per share.
Shares of New Senior Investment Group (NYSE SNR) traded down 0.43% on Friday, hitting $9.36. The stock had a trading volume of 1,157,646 shares. The company’s market cap is $768.84 million. New Senior Investment Group has a 12-month low of $9.02 and a 12-month high of $12.68. The stock has a 50 day moving average price of $10.15 and a 200-day moving average price of $10.12.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date is Thursday, September 7th. New Senior Investment Group’s dividend payout ratio is presently -288.88%.
SNR has been the topic of a number of research reports. 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 on the stock 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 investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. New Senior Investment Group has an average rating of “Hold” and a consensus target price of $12.13.
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Several hedge funds have recently bought and sold shares of SNR. SG Americas Securities LLC purchased a new stake in New Senior Investment Group during the first quarter valued at $101,000. BTC Capital Management Inc. purchased a new stake in New Senior Investment Group during the first quarter valued at $105,000. Independent Advisor Alliance purchased a new stake in New Senior Investment Group during the first quarter valued at $108,000. Capital Investment Advisors LLC increased its stake in New Senior Investment Group by 31.8% in the second quarter. Capital Investment Advisors LLC now owns 14,500 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 3,500 shares during the last quarter. Finally, Creative Planning increased its stake in 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. 67.35% of the stock is owned by institutional investors and hedge funds.
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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