Zacks Investment Research downgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “
Several other equities analysts also recently issued reports on SNH. BidaskClub upgraded Senior Housing Properties Trust from a sell rating to a hold rating in a research report on Tuesday. ValuEngine downgraded Senior Housing Properties Trust from a sell rating to a strong sell rating in a research report on Friday, March 1st. Finally, FBR & Co set a $24.00 price objective on Senior Housing Properties Trust and gave the company a buy rating in a research report on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $18.20.
Senior Housing Properties Trust (NASDAQ:SNH) last posted its earnings results on Friday, March 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.11. The business had revenue of $285.22 million during the quarter, compared to the consensus estimate of $287.42 million. Senior Housing Properties Trust had a return on equity of 6.71% and a net margin of 25.68%. Senior Housing Properties Trust’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, equities research analysts forecast that Senior Housing Properties Trust will post 1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Monday, January 28th were given a dividend of $0.39 per share. The ex-dividend date was Friday, January 25th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.62%.
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Senior Housing Properties Trust by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 4,316,383 shares of the real estate investment trust’s stock valued at $50,712,000 after acquiring an additional 672,282 shares during the period. Norges Bank acquired a new position in Senior Housing Properties Trust in the fourth quarter valued at about $33,676,000. Nordea Investment Management AB acquired a new position in Senior Housing Properties Trust in the fourth quarter valued at about $26,000. Public Employees Retirement System of Ohio grew its stake in Senior Housing Properties Trust by 0.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 489,439 shares of the real estate investment trust’s stock valued at $5,736,000 after acquiring an additional 4,049 shares during the period. Finally, Millennium Management LLC grew its stake in Senior Housing Properties Trust by 99.0% in the fourth quarter. Millennium Management LLC now owns 1,640,830 shares of the real estate investment trust’s stock valued at $19,231,000 after acquiring an additional 816,414 shares during the period. Institutional investors own 70.74% of the company’s stock.
About Senior Housing Properties Trust
SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.
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