Wall Street brokerages expect New Senior Investment Group Inc (NYSE:SNR) to announce $115.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for New Senior Investment Group’s earnings, with estimates ranging from $114.21 million to $116.28 million. New Senior Investment Group posted sales of $118.47 million during the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The business is expected to announce its next quarterly earnings results on Friday, February 28th.
On average, analysts expect that New Senior Investment Group will report full year sales of $462.88 million for the current fiscal year, with estimates ranging from $458.69 million to $465.50 million. For the next year, analysts anticipate that the business will report sales of $413.02 million, with estimates ranging from $365.35 million to $460.96 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow New Senior Investment Group.
Several brokerages recently issued reports on SNR. Capital One Financial raised New Senior Investment Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $7.50 to $8.50 in a research note on Monday, November 4th. Zacks Investment Research upgraded New Senior Investment Group from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Saturday, November 9th. Finally, Morgan Stanley lifted their target price on New Senior Investment Group from $5.25 to $6.25 and gave the company an “equal weight” rating in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. New Senior Investment Group has a consensus rating of “Buy” and a consensus target price of $7.65.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNR. Schroder Investment Management Group purchased a new stake in shares of New Senior Investment Group during the 2nd quarter worth $39,000. Synovus Financial Corp bought a new position in New Senior Investment Group in the second quarter worth about $47,000. Bank of Montreal Can lifted its position in shares of New Senior Investment Group by 2,448.2% during the second quarter. Bank of Montreal Can now owns 9,938 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 9,548 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of New Senior Investment Group during the third quarter valued at about $70,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of New Senior Investment Group by 34.0% during the second quarter. Daiwa Securities Group Inc. now owns 14,200 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.
Shares of NYSE:SNR traded up $0.15 during trading on Friday, reaching $7.93. 381,698 shares of the company were exchanged, compared to its average volume of 484,669. The business’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $6.88. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.06 and a quick ratio of 1.06. New Senior Investment Group has a 12-month low of $4.04 and a 12-month high of $8.11. The firm has a market capitalization of $651.24 million, a PE ratio of 13.91 and a beta of 0.82.
The firm also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 5th. New Senior Investment Group’s payout ratio is 91.23%.
New Senior Investment Group Company Profile
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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