Senior Housing Properties Trust (NASDAQ:SNH) Announces $0.15 Quarterly Dividend

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Senior Housing Properties Trust (NASDAQ:SNH) announced a quarterly dividend on Thursday, October 17th, RTT News reports. Shareholders of record on Monday, October 28th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, November 14th. This represents a $0.60 annualized dividend and a yield of 6.38%.

Shares of Senior Housing Properties Trust stock opened at $9.41 on Thursday. The business’s fifty day moving average price is $8.92 and its two-hundred day moving average price is $8.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $2.19 billion, a P/E ratio of 5.91, a PEG ratio of 1.74 and a beta of 0.61. Senior Housing Properties Trust has a 1-year low of $7.49 and a 1-year high of $17.18.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.27. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $256.11 million. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. On average, research analysts expect that Senior Housing Properties Trust will post 1.32 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on SNH shares. Morgan Stanley started coverage on Senior Housing Properties Trust in a research report on Friday, September 6th. They set an “equal weight” rating and a $8.50 price target on the stock. Bank of America started coverage on Senior Housing Properties Trust in a research report on Monday. They set an “underperform” rating on the stock. Zacks Investment Research upgraded Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Saturday, August 17th. BidaskClub upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, ValuEngine upgraded Senior Housing Properties Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.85.

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.

Further Reading: Different Types of Derivatives

Dividend History for Senior Housing Properties Trust (NASDAQ:SNH)

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