New Senior Investment Group Inc (SNR) Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in New Senior Investment Group Inc (NYSE:SNR) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,093,700 shares of the real estate investment trust’s stock after buying an additional 656,500 shares during the period. Renaissance Technologies LLC owned approximately 3.77% of New Senior Investment Group worth $23,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNR. First Trust Advisors LP increased its position in New Senior Investment Group by 6.8% in the 3rd quarter. First Trust Advisors LP now owns 90,775 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 5,817 shares during the period. American Century Companies Inc. increased its position in shares of New Senior Investment Group by 3.2% during the third quarter. American Century Companies Inc. now owns 262,787 shares of the real estate investment trust’s stock valued at $2,405,000 after purchasing an additional 8,231 shares during the period. Prudential Financial Inc. increased its position in shares of New Senior Investment Group by 67.3% during the third quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after purchasing an additional 214,230 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of New Senior Investment Group by 59.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,846 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 6,620 shares during the period. Finally, Quantbot Technologies LP increased its position in shares of New Senior Investment Group by 2,719.5% during the third quarter. Quantbot Technologies LP now owns 31,804 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 30,676 shares during the period. 69.13% of the stock is currently owned by institutional investors.

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SNR has been the topic of a number of research reports. Morgan Stanley lowered their price objective on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, December 14th. Zacks Investment Research upgraded New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, December 16th. Finally, ValuEngine cut New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.25.

Shares of New Senior Investment Group stock opened at $7.67 on Friday. The stock has a market capitalization of $630.08, a P/E ratio of 6.73 and a beta of 0.69. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.77. New Senior Investment Group Inc has a 1 year low of $6.77 and a 1 year high of $10.82.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $106.90 million for 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. analysts predict that New Senior Investment Group Inc will post 1.13 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date was Wednesday, March 7th. New Senior Investment Group’s dividend payout ratio (DPR) is 693.38%.

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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.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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