New Senior Investment Group (SNR) Receives $9.33 Average Price Target from Analysts

New Senior Investment Group (NYSE:SNR) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.33.

A number of equities analysts have commented on SNR shares. Zacks Investment Research raised New Senior Investment Group from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Friday, February 9th. ValuEngine cut New Senior Investment Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.

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Several institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of New Senior Investment Group by 48.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,458 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 8,612 shares during the last quarter. PVG Asset Management Corp raised its holdings in shares of New Senior Investment Group by 14.0% during the fourth quarter. PVG Asset Management Corp now owns 530,970 shares of the real estate investment trust’s stock valued at $4,014,000 after acquiring an additional 65,395 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of New Senior Investment Group during the fourth quarter valued at approximately $306,000. Bramshill Investments LLC acquired a new position in shares of New Senior Investment Group during the fourth quarter valued at approximately $962,000. Finally, HBK Investments L P increased its holdings in shares of New Senior Investment Group by 89.8% in the fourth quarter. HBK Investments L P now owns 96,800 shares of the real estate investment trust’s stock valued at $732,000 after purchasing an additional 45,801 shares during the last quarter. 69.21% of the stock is owned by institutional investors and hedge funds.



NYSE SNR opened at $8.24 on Wednesday. The stock has a market capitalization of $683.48, a P/E ratio of 7.30 and a beta of 0.62. New Senior Investment Group has a twelve month low of $6.77 and a twelve month high of $10.82. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.77.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $106.90 million during the quarter, compared to analysts’ expectations of $106.00 million. New Senior Investment Group had a return on equity of 2.35% and a net margin of 2.72%. New Senior Investment Group’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. equities research analysts expect that New Senior Investment Group will post 1.07 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.62%. New Senior Investment Group’s payout ratio is currently 91.23%.

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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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