Senior Housing Properties Trust (NASDAQ:SNH) Shares Bought by BlackRock Inc.

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BlackRock Inc. boosted its position in Senior Housing Properties Trust (NASDAQ:SNH) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 28,475,828 shares of the real estate investment trust’s stock after acquiring an additional 92,108 shares during the period. BlackRock Inc. owned about 0.12% of Senior Housing Properties Trust worth $335,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Senior Housing Properties Trust during the fourth quarter valued at about $33,676,000. D. E. Shaw & Co. Inc. grew its stake in shares of Senior Housing Properties Trust by 7,829.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,347,967 shares of the real estate investment trust’s stock valued at $15,798,000 after buying an additional 1,330,967 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Senior Housing Properties Trust by 1,072.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,099,559 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,005,740 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Senior Housing Properties Trust by 99.0% during the fourth quarter. Millennium Management LLC now owns 1,640,830 shares of the real estate investment trust’s stock worth $19,231,000 after purchasing an additional 816,414 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Senior Housing Properties Trust by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 4,316,383 shares of the real estate investment trust’s stock worth $50,712,000 after purchasing an additional 672,282 shares during the period. 71.11% of the stock is currently owned by institutional investors and hedge funds.

Senior Housing Properties Trust stock opened at $8.14 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.20. Senior Housing Properties Trust has a 1-year low of $7.49 and a 1-year high of $19.17. The stock has a market cap of $1.94 billion, a PE ratio of 5.12, a PEG ratio of 2.36 and a beta of 0.64.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). Senior Housing Properties Trust had a return on equity of 0.59% and a net margin of 7.31%. The company had revenue of $266.29 million during the quarter, compared to analysts’ expectations of $268.21 million. During the same quarter last year, the business earned $0.99 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts predict that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 29th were issued a $0.15 dividend. The ex-dividend date was Friday, April 26th. This represents a $0.60 annualized dividend and a yield of 7.37%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is presently 37.74%.

A number of research firms have recently weighed in on SNH. BidaskClub lowered shares of Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a report on Friday, April 5th. ValuEngine lowered shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research lowered shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Royal Bank of Canada lowered shares of Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 target price for the company. in a report on Tuesday, April 2nd. Six research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.40.

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Senior Housing Properties Trust Company Profile

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.

See Also: Trading based on a resistance level

Want to see what other hedge funds are holding SNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Senior Housing Properties Trust (NASDAQ:SNH).

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

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