Raymond James Financial Services Advisors Inc. increased its position in Senior Housing Properties Trust (NYSE:SNH) by 23.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,198 shares of the company’s stock after buying an additional 13,711 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Senior Housing Properties Trust were worth $1,482,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Scout Investments Inc. purchased a new stake in shares of Senior Housing Properties Trust during the third quarter valued at approximately $42,087,000. Norges Bank bought a new position in shares of Senior Housing Properties Trust during the fourth quarter valued at about $31,963,000. LSV Asset Management increased its position in shares of Senior Housing Properties Trust by 29.0% in the third quarter. LSV Asset Management now owns 6,986,361 shares of the company’s stock valued at $158,660,000 after buying an additional 1,571,490 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Senior Housing Properties Trust by 340.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,031,023 shares of the company’s stock valued at $23,413,000 after buying an additional 797,033 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in shares of Senior Housing Properties Trust during the fourth quarter valued at about $13,259,000.
Shares of Senior Housing Properties Trust (SNH) traded up 0.56% during mid-day trading on Friday, reaching $21.57. 2,072,397 shares of the company were exchanged. The stock has a market capitalization of $5.12 billion and a P/E ratio of 36.01. Senior Housing Properties Trust has a 12 month low of $17.14 and a 12 month high of $23.85. The firm has a 50-day moving average price of $21.19 and a 200 day moving average price of $20.02.
Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.33. The firm had revenue of $264.56 million for the quarter, compared to the consensus estimate of $266.02 million. Senior Housing Properties Trust’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Equities research analysts anticipate that Senior Housing Properties Trust will post $0.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Friday, April 21st were paid a $0.39 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $1.56 annualized dividend and a dividend yield of 7.23%.
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SNH has been the subject of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $24.00 price target on shares of Senior Housing Properties Trust in a report on Tuesday, February 28th. Zacks Investment Research upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, March 3rd. Robert W. Baird assumed coverage on Senior Housing Properties Trust in a report on Thursday, March 9th. They set a “neutral” rating and a $20.00 price objective for the company. FBR & Co restated a “buy” rating on shares of Senior Housing Properties Trust in a research note on Monday, May 8th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $21.00 price target on shares of Senior Housing Properties Trust in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.67.
About Senior Housing Properties Trust
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.
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