Trent Capital Management Inc. NC Invests $244,000 in Senior Housing Properties Trust (NYSE:SNH)

Trent Capital Management Inc. NC purchased a new stake in shares of Senior Housing Properties Trust (NYSE:SNH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,945 shares of the company’s stock, valued at approximately $244,000. Senior Housing Properties Trust makes up 0.4% of Trent Capital Management Inc. NC’s holdings, making the stock its 24th largest position.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its stake in Senior Housing Properties Trust by 5,222.5% in the first quarter. BlackRock Inc. now owns 24,977,660 shares of the company’s stock valued at $505,798,000 after buying an additional 24,508,377 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Senior Housing Properties Trust by 518.7% in the first quarter. JPMorgan Chase & Co. now owns 3,607,893 shares of the company’s stock valued at $73,059,000 after buying an additional 3,024,789 shares in the last quarter. Vanguard Group Inc. raised its stake in Senior Housing Properties Trust by 5.1% in the first quarter. Vanguard Group Inc. now owns 41,184,214 shares of the company’s stock valued at $833,981,000 after buying an additional 2,017,007 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Senior Housing Properties Trust by 37.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,938,518 shares of the company’s stock valued at $79,755,000 after buying an additional 1,083,063 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Senior Housing Properties Trust during the first quarter valued at approximately $17,114,000.

Senior Housing Properties Trust (NYSE:SNH) opened at 19.05 on Thursday. The company’s 50 day moving average is $19.87 and its 200 day moving average is $20.40. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $23.85. The company has a market cap of $4.53 billion and a price-to-earnings ratio of 31.80.

Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $260.72 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts forecast that Senior Housing Properties Trust will post $0.61 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be paid a $0.39 dividend. The ex-dividend date is Thursday, July 20th. This represents a $1.56 dividend on an annualized basis and a yield of 8.19%.

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SNH has been the subject of several recent research reports. Royal Bank Of Canada lowered shares of Senior Housing Properties Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $24.00 to $22.00 in a report on Monday, May 15th. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and issued a $21.00 price target on shares of Senior Housing Properties Trust in a report on Friday, May 12th. FBR & Co restated a “buy” rating on shares of Senior Housing Properties Trust in a report on Monday, May 8th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $24.00 price target on shares of Senior Housing Properties Trust in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.67.

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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Institutional Ownership by Quarter for Senior Housing Properties Trust (NYSE:SNH)

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