Senior Housing Properties Trust (NASDAQ:SNH) Reaches New 12-Month Low at $7.46

Senior Housing Properties Trust (NASDAQ:SNH)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $7.46 and last traded at $7.47, with a volume of 22304 shares trading hands. The stock had previously closed at $7.72.

A number of equities analysts recently weighed in on the company. Morgan Stanley assumed coverage on Senior Housing Properties Trust in a research report on Friday, September 6th. They issued an “equal weight” rating and a $8.50 price target for the company. Bank of America initiated coverage on Senior Housing Properties Trust in a research note on Monday, October 14th. They issued an “underperform” rating for the company. Zacks Investment Research downgraded Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. BidaskClub downgraded Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, ValuEngine downgraded Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Senior Housing Properties Trust currently has an average rating of “Hold” and a consensus target price of $12.85.

The stock has a 50 day moving average of $9.12 and a two-hundred day moving average of $8.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $1.80 billion, a P/E ratio of 4.65, a P/E/G ratio of 1.44 and a beta of 0.60.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date was Friday, October 25th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is currently 37.74%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 6 Meridian grew its holdings in Senior Housing Properties Trust by 60.1% in the 3rd quarter. 6 Meridian now owns 63,084 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 23,675 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Senior Housing Properties Trust by 6.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,943 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 4,149 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Senior Housing Properties Trust by 78.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 282,471 shares of the real estate investment trust’s stock valued at $2,336,000 after purchasing an additional 124,290 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Senior Housing Properties Trust in the 2nd quarter valued at $51,000. Finally, Atlantic Union Bankshares Corp bought a new position in Senior Housing Properties Trust in the 2nd quarter valued at $159,000. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

Senior Housing Properties Trust Company Profile (NASDAQ:SNH)

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.

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