Shares of New Senior Investment Group Inc. (NYSE:SNR) have received an average 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 rating and one has given a hold rating to the company.
Analysts have set a 12 month consensus target price of $10.00 for the company and are anticipating that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned New Senior Investment Group an industry rank of 93 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded New Senior Investment Group from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Saturday, October 1st. Canaccord Genuity reiterated a “buy” rating on shares of New Senior Investment Group in a research note on Thursday, August 4th. Finally, Compass Point upped their price objective 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.
Shares of New Senior Investment Group (NYSE:SNR) traded up 1.129% during trading on Monday, hitting $10.305. The stock had a trading volume of 184,799 shares. The firm’s 50 day moving average is $11.72 and its 200 day moving average is $11.14. New Senior Investment Group has a 1-year low of $7.78 and a 1-year high of $12.68. The company’s market cap is $846.32 million.
New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. New Senior Investment Group had a negative net margin of 19.39% and a negative return on equity of 12.19%. The firm earned $118.54 million during the quarter, compared to analysts’ expectations of $118.98 million. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts anticipate that New Senior Investment Group will post $1.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $1.04 annualized dividend and a dividend yield of 10.21%. New Senior Investment Group’s dividend payout ratio is currently -98.11%.
Several large investors have recently bought and sold shares of SNR. Royal Bank of Canada increased 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 in the last quarter. Schwab Charles Investment Management Inc. increased its stake in New Senior Investment Group by 14.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 341,134 shares of the real estate investment trust’s stock valued at $3,644,000 after buying an additional 43,072 shares in the last quarter. American Century Companies Inc. bought a new stake in New Senior Investment Group during the second quarter valued at about $1,244,000. Legal & General Group Plc increased its stake in New Senior Investment Group by 8.4% in the second quarter. Legal & General Group Plc now owns 205,710 shares of the real estate investment trust’s stock valued at $2,194,000 after buying an additional 15,988 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in New Senior Investment Group during the second quarter valued at about $134,000. Hedge funds and other institutional investors own 71.66% of the company’s stock.
New Senior Investment Group Company Profile
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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