Bank of New York Mellon Corp boosted its position in shares of Senior Housing Properties Trust (NYSE:SNH) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,068,328 shares of the company’s stock after buying an additional 30,635 shares during the period. Bank of New York Mellon Corp’s holdings in Senior Housing Properties Trust were worth $83,158,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Senior Housing Properties Trust by 19.3% in the second quarter. SG Americas Securities LLC now owns 245,933 shares of the company’s stock worth $5,027,000 after buying an additional 39,784 shares in the last quarter. Denver Investment Advisors LLC boosted its position in shares of Senior Housing Properties Trust by 0.6% in the second quarter. Denver Investment Advisors LLC now owns 464,050 shares of the company’s stock worth $9,485,000 after buying an additional 2,700 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX boosted its position in shares of Senior Housing Properties Trust by 1.1% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 207,002 shares of the company’s stock worth $4,231,000 after buying an additional 2,187 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Senior Housing Properties Trust by 1.0% in the second quarter. Teacher Retirement System of Texas now owns 18,946 shares of the company’s stock worth $387,000 after buying an additional 192 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Senior Housing Properties Trust by 141.9% in the second quarter. First Trust Advisors LP now owns 308,266 shares of the company’s stock worth $6,301,000 after buying an additional 180,849 shares in the last quarter.
Shares of Senior Housing Properties Trust (NYSE:SNH) opened at 19.53 on Monday. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $23.85.
Senior Housing Properties Trust (NYSE:SNH) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. Senior Housing Properties Trust had a return on equity of 2.01% and a net margin of 6.43%. The firm had revenue of $265.01 million for the quarter, compared to analysts’ expectations of $260.72 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Senior Housing Properties Trust will post $0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.99%. The ex-dividend date was Thursday, July 20th.
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A number of brokerages have recently commented on SNH. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of Senior Housing Properties Trust in a research report on Monday, July 24th. FBR & Co reaffirmed 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. Cantor Fitzgerald reaffirmed 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. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $21.00 price objective on shares of Senior Housing Properties Trust in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Senior Housing Properties Trust has a consensus rating of “Hold” and a consensus target price of $22.20.
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.
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