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.
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.
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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