Zacks Investment Research lowered shares of New Senior Investment Group Inc. (NYSE:SNR) from a hold rating to a sell rating in a research report released on Saturday, July 22nd.
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 research analysts have also recently weighed in on the company. Stifel Nicolaus reaffirmed a hold rating and set a $10.00 price objective on shares of New Senior Investment Group in a research report on Friday, July 14th. BidaskClub cut New Senior Investment Group from a buy rating to a hold rating in a research report on Saturday, July 8th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of New Senior Investment Group in a research report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $10.67.
New Senior Investment Group (SNR) opened at 9.16 on Friday. The stock has a 50 day moving average of $10.02 and a 200 day moving average of $10.07. The stock’s market cap is $752.48 million. New Senior Investment Group has a 1-year low of $8.82 and a 1-year high of $12.68.
New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. The firm had revenue of $114.29 million for the quarter, compared to analyst estimates of $114.70 million. New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. During the same period in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that New Senior Investment Group will post ($0.64) earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.04 annualized dividend and a yield of 11.35%. New Senior Investment Group’s payout ratio is presently -288.88%.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in New Senior Investment Group during the first quarter valued at about $101,000. Principal Financial Group Inc. bought a new stake in New Senior Investment Group during the second quarter valued at about $101,000. BTC Capital Management Inc. bought a new stake in New Senior Investment Group during the first quarter valued at about $105,000. Amalgamated Bank bought a new stake in New Senior Investment Group during the second quarter valued at about $104,000. Finally, Stevens Capital Management LP bought a new stake in New Senior Investment Group during the second quarter valued at about $106,000. Institutional investors and hedge funds own 67.45% of the company’s stock.
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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