Zacks Investment Research Lowers New Senior Investment Group (SNR) to Hold

Zacks Investment Research cut shares of New Senior Investment Group (NYSE:SNR) from a buy rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

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Other analysts have also recently issued reports about the stock. ValuEngine raised shares of New Senior Investment Group from a hold rating to a buy rating in a research note on Tuesday, February 27th. Morgan Stanley decreased their price objective on shares of New Senior Investment Group from $9.00 to $8.00 and set an underweight rating on the stock in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $9.31.

Shares of New Senior Investment Group stock opened at $8.18 on Thursday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.77. The stock has a market cap of $667.05, a price-to-earnings ratio of 7.18 and a beta of 0.62. New Senior Investment Group has a 1-year low of $6.77 and a 1-year high of $10.82.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $106.90 million for the quarter, compared to analysts’ expectations of $106.00 million. New Senior Investment Group had a net margin of 2.72% and a return on equity of 2.35%. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. equities analysts anticipate that New Senior Investment Group will post 1.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.04 annualized dividend and a yield of 12.71%. New Senior Investment Group’s dividend payout ratio is 91.23%.

A number of institutional investors have recently modified their holdings of the business. Institutional & Family Asset Management LLC bought a new stake in shares of New Senior Investment Group during the third quarter valued at approximately $102,000. Schroder Investment Management Group bought a new stake in shares of New Senior Investment Group during the third quarter valued at approximately $104,000. Jane Street Group LLC bought a new stake in shares of New Senior Investment Group during the third quarter valued at approximately $105,000. BlueCrest Capital Management Ltd bought a new stake in shares of New Senior Investment Group during the fourth quarter valued at approximately $140,000. Finally, SG Americas Securities LLC bought a new stake in shares of New Senior Investment Group during the third quarter valued at approximately $151,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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New Senior Investment Group Company Profile

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.

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