Zacks Investment Research downgraded shares of Senior Housing Properties Trust (NYSE:SNH) from a hold rating to a sell rating in a report issued on Thursday morning.
According to Zacks, “Senior Housing Properties Trust is a Maryland real estate investment trust that invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use. “
SNH has been the topic of several other research reports. Jefferies Group LLC reissued a hold rating and issued a $20.00 price target on shares of Senior Housing Properties Trust in a report on Tuesday, October 3rd. UBS AG lowered their price target on shares of Senior Housing Properties Trust from $20.00 to $19.00 and set a neutral rating on the stock in a report on Monday, October 2nd. FBR & Co reissued a buy rating and issued a $24.00 price target on shares of Senior Housing Properties Trust in a report on Friday, June 30th. Royal Bank Of Canada reissued a hold rating and issued a $22.00 price target on shares of Senior Housing Properties Trust in a report on Monday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Senior Housing Properties Trust from $18.50 to $19.50 and gave the company an equal weight rating in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $20.93.
Shares of Senior Housing Properties Trust (SNH) traded down 1.56% on Thursday, hitting $18.88. 1,200,717 shares of the stock were exchanged. The firm has a market cap of $4.49 billion and a price-to-earnings ratio of 37.76. Senior Housing Properties Trust has a one year low of $17.14 and a one year high of $22.52. The firm’s 50 day moving average price is $19.61 and its 200 day moving average price is $20.31.
Senior Housing Properties Trust (NYSE:SNH) last announced its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Senior Housing Properties Trust had a return on equity of 2.01% and a net margin of 6.43%. The company had revenue of $265.01 million for the quarter, compared to the consensus estimate of $260.72 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Senior Housing Properties Trust will post $0.58 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 8.26%. The ex-dividend date is Friday, October 20th.
Institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group bought a new stake in shares of Senior Housing Properties Trust in the 2nd quarter worth about $107,000. Invictus RG bought a new stake in shares of Senior Housing Properties Trust in the 1st quarter worth about $128,000. Ffcm LLC grew its holdings in shares of Senior Housing Properties Trust by 112.7% in the 2nd quarter. Ffcm LLC now owns 7,661 shares of the company’s stock worth $158,000 after purchasing an additional 4,060 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Senior Housing Properties Trust in the 2nd quarter worth about $205,000. Finally, Cetera Investment Advisers bought a new stake in shares of Senior Housing Properties Trust in the 2nd quarter worth about $205,000.
Senior Housing Properties Trust Company Profile
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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