New Senior Investment Group (NYSE:SNR) Price Target Increased to $6.25 by Analysts at Morgan Stanley

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New Senior Investment Group (NYSE:SNR) had its target price boosted by stock analysts at Morgan Stanley from $5.25 to $6.25 in a research report issued on Tuesday, AnalystRatings.com reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential downside of 3.10% from the stock’s current price.

Several other brokerages also recently commented on SNR. ValuEngine downgraded New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird assumed coverage on New Senior Investment Group in a research note on Friday, May 31st. They issued a “neutral” rating and a $7.00 target price for the company. Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Finally, BTIG Research assumed coverage on New Senior Investment Group in a research note on Tuesday, July 16th. They issued a “buy” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.08.

Shares of NYSE SNR opened at $6.45 on Tuesday. New Senior Investment Group has a 52 week low of $4.04 and a 52 week high of $7.26. The business has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $6.17. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 8.00. The company has a market cap of $550.32 million, a P/E ratio of 11.32 and a beta of 0.76.

Large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at about $39,000. Cutler Group LP raised its holdings in shares of New Senior Investment Group by 92.0% in the 1st quarter. Cutler Group LP now owns 6,677 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,200 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at about $47,000. Bank of Montreal Can raised its holdings in shares of New Senior Investment Group by 2,448.2% in the 2nd quarter. Bank of Montreal Can now owns 9,938 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 9,548 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at about $75,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

New Senior Investment Group Company Profile

New Senior Investment Group Inc (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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