Shares of New Senior Investment Group Inc. (NYSE:SNR) have received a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has assigned a hold recommendation to the company.
Brokers have set a one year consensus price target of $10.00 for the company and are predicting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned New Senior Investment Group an industry rank of 82 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on SNR shares. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a research note on Monday, August 15th. Compass Point boosted their price target on New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research raised New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th.
A number of large investors have recently bought and sold shares of the company. UBS Group AG raised its stake in New Senior Investment Group by 4.8% in the first quarter. UBS Group AG now owns 1,353,303 shares of the real estate investment trust’s stock valued at $13,938,000 after buying an additional 61,990 shares during the period. Royal Bank of Canada raised its stake in New Senior Investment Group by 0.6% in the second quarter. Royal Bank of Canada now owns 1,231,896 shares of the real estate investment trust’s stock valued at $13,157,000 after buying an additional 7,048 shares during the period. Bank of New York Mellon Corp raised its stake in New Senior Investment Group by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 1,196,818 shares of the real estate investment trust’s stock valued at $12,781,000 after buying an additional 28,465 shares during the period. Dimensional Fund Advisors LP raised its stake in New Senior Investment Group by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the real estate investment trust’s stock valued at $9,731,000 after buying an additional 46,277 shares during the period. Finally, Bank of Montreal Can bought a new stake in New Senior Investment Group during the second quarter valued at $9,632,000. Hedge funds and other institutional investors own 71.66% of the company’s stock.
New Senior Investment Group (NYSE:SNR) opened at 11.77 on Wednesday. The firm has a 50-day moving average of $12.03 and a 200-day moving average of $11.03. New Senior Investment Group has a 12-month low of $7.78 and a 12-month high of $12.68. The firm’s market cap is $966.63 million.
New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $118.54 million during the quarter, compared to the consensus estimate of $118.98 million. New Senior Investment Group had a negative net margin of 19.39% and a negative return on equity of 12.19%. New Senior Investment Group’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, analysts expect that New Senior Investment Group will post $1.32 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 8th were issued a $0.26 dividend. The ex-dividend date was Tuesday, September 6th. This represents a $1.04 annualized dividend and a yield of 8.84%. New Senior Investment Group’s dividend payout ratio (DPR) is currently -98.11%.
About New Senior Investment Group
New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.
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