Royal Bank Of Canada Reiterates Hold Rating for Senior Housing Properties Trust (SNH)

Royal Bank Of Canada reissued their hold rating on shares of Senior Housing Properties Trust (NYSE:SNH) in a research note published on Monday, July 24th. Royal Bank Of Canada currently has a $22.00 price objective on the stock.

SNH has been the subject of several other reports. Cantor Fitzgerald restated a buy rating and set a $24.00 price target on shares of Senior Housing Properties Trust in a research report on Friday, June 9th. FBR & Co restated a buy rating and set a $24.00 price target on shares of Senior Housing Properties Trust in a research report on Friday, June 30th. Finally, Jefferies Group LLC restated a hold rating and set a $21.00 price target on shares of Senior Housing Properties Trust in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $22.20.

Senior Housing Properties Trust (SNH) traded down 0.11% during mid-day trading on Monday, reaching $18.88. 1,408,023 shares of the company traded hands. Senior Housing Properties Trust has a 12-month low of $17.14 and a 12-month high of $23.85. The company’s 50-day moving average is $19.71 and its 200-day moving average is $20.39.

Senior Housing Properties Trust (NYSE:SNH) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by $0.01. Senior Housing Properties Trust had a net margin of 6.43% and a return on equity of 2.01%. The company had revenue of $265.01 million during the quarter, compared to analyst estimates of $260.72 million. During the same period in the prior year, the business posted $0.47 EPS. Senior Housing Properties Trust’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Senior Housing Properties Trust will post $0.62 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date is Thursday, July 20th.

Several hedge funds have recently bought and sold shares of SNH. Cornerstone Capital Management Holdings LLC. boosted its stake in Senior Housing Properties Trust by 3.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 586,967 shares of the company’s stock worth $11,885,000 after buying an additional 17,575 shares during the period. American International Group Inc. boosted its stake in Senior Housing Properties Trust by 3.6% in the first quarter. American International Group Inc. now owns 474,749 shares of the company’s stock worth $9,614,000 after buying an additional 16,519 shares during the period. SG Americas Securities LLC boosted its stake in Senior Housing Properties Trust by 589.1% in the first quarter. SG Americas Securities LLC now owns 206,149 shares of the company’s stock worth $4,175,000 after buying an additional 176,234 shares during the period. Prudential Financial Inc. boosted its stake in Senior Housing Properties Trust by 0.3% in the first quarter. Prudential Financial Inc. now owns 2,544,235 shares of the company’s stock worth $51,521,000 after buying an additional 8,059 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 period.

About Senior Housing Properties Trust

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.

Analyst Recommendations for Senior Housing Properties Trust (NYSE:SNH)

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