Goldman Sachs Group Inc. Sells 173,307 Shares of Senior Housing Properties Trust (SNH)

Goldman Sachs Group Inc. trimmed its stake in Senior Housing Properties Trust (NASDAQ:SNH) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,426,008 shares of the real estate investment trust’s stock after selling 173,307 shares during the period. Goldman Sachs Group Inc. owned 0.60% of Senior Housing Properties Trust worth $27,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC bought a new position in shares of Senior Housing Properties Trust in the 4th quarter worth $199,000. Greenleaf Trust bought a new position in shares of Senior Housing Properties Trust in the 4th quarter worth $219,000. ETRADE Capital Management LLC bought a new position in shares of Senior Housing Properties Trust in the 4th quarter worth $229,000. Cetera Advisors LLC raised its position in shares of Senior Housing Properties Trust by 30.8% in the 3rd quarter. Cetera Advisors LLC now owns 13,047 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 3,070 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Senior Housing Properties Trust in the 4th quarter worth $294,000. 75.03% of the stock is owned by hedge funds and other institutional investors.

SNH stock opened at $15.22 on Friday. Senior Housing Properties Trust has a one year low of $14.90 and a one year high of $22.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $3,740.23, a price-to-earnings ratio of 24.55, a P/E/G ratio of 2.26 and a beta of 0.48.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $278.57 million for the quarter, compared to analysts’ expectations of $277.99 million. Senior Housing Properties Trust had a net margin of 13.73% and a return on equity of 4.43%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. analysts predict that Senior Housing Properties Trust will post 1.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $1.56 annualized dividend and a yield of 10.25%. Senior Housing Properties Trust’s payout ratio is presently 251.61%.

Several brokerages recently weighed in on SNH. Wells Fargo dropped their target price on Senior Housing Properties Trust from $17.50 to $16.00 and set an “underperform” rating on the stock in a research note on Tuesday. Bank of America dropped their target price on Senior Housing Properties Trust from $16.50 to $16.00 and set an “underperform” rating on the stock in a research note on Thursday, March 8th. Cantor Fitzgerald dropped their target price on Senior Housing Properties Trust from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. B. Riley set a $22.00 target price on Senior Housing Properties Trust and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird set a $17.00 target price on Senior Housing Properties Trust and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.45.

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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 (NASDAQ:SNH)

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