New Senior Investment Group Inc (NYSE:SNR) Short Interest Down 37.8% in August

New Senior Investment Group Inc (NYSE:SNR) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 960,500 shares, a decrease of 37.8% from the July 31st total of 1,545,400 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 454,800 shares, the days-to-cover ratio is currently 2.1 days.

Shares of SNR traded down $0.11 during mid-day trading on Friday, reaching $6.30. The stock had a trading volume of 315,200 shares, compared to its average volume of 514,193. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.15 and a quick ratio of 1.15. New Senior Investment Group has a 52-week low of $4.04 and a 52-week high of $7.26. The business’s fifty day moving average is $6.51 and its 200 day moving average is $6.14. The firm has a market cap of $532.86 million, a price-to-earnings ratio of 11.05 and a beta of 0.76.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 8.25%. The ex-dividend date is Thursday, September 5th. New Senior Investment Group’s dividend payout ratio (DPR) is presently 91.23%.

A number of hedge funds have recently made changes to their positions in SNR. JPMorgan Chase & Co. boosted its stake in New Senior Investment Group by 1,632.4% during the first quarter. JPMorgan Chase & Co. now owns 1,810,986 shares of the real estate investment trust’s stock worth $9,870,000 after buying an additional 1,706,448 shares during the period. Heitman Real Estate Securities LLC purchased a new position in New Senior Investment Group during the second quarter worth about $11,200,000. Vanguard Group Inc. boosted its stake in New Senior Investment Group by 8.1% during the second quarter. Vanguard Group Inc. now owns 12,518,641 shares of the real estate investment trust’s stock worth $84,125,000 after buying an additional 940,002 shares during the period. Bank of New York Mellon Corp boosted its stake in New Senior Investment Group by 110.3% during the second quarter. Bank of New York Mellon Corp now owns 1,591,530 shares of the real estate investment trust’s stock worth $10,696,000 after buying an additional 834,710 shares during the period. Finally, Prudential Financial Inc. boosted its stake in New Senior Investment Group by 50.8% during the second quarter. Prudential Financial Inc. now owns 1,405,004 shares of the real estate investment trust’s stock worth $9,442,000 after buying an additional 473,148 shares during the period. 74.15% of the stock is owned by institutional investors.

SNR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. ValuEngine lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird initiated coverage on shares of New Senior Investment Group in a report on Friday, May 31st. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, BTIG Research initiated coverage on shares of New Senior Investment Group in a report on Tuesday, July 16th. They issued a “buy” rating and a $8.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.67.

About New Senior Investment Group

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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