New Senior Investment Group Inc (NYSE:SNR) Sees Significant Increase in Short Interest

New Senior Investment Group Inc (NYSE:SNR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,930,000 shares, an increase of 44.0% from the June 30th total of 1,340,000 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 734,300 shares, the short-interest ratio is presently 2.6 days.

A number of brokerages have commented on SNR. Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. BTIG Research restated a “buy” rating and set a $9.00 price target on shares of New Senior Investment Group in a research report on Wednesday, June 10th. ValuEngine raised shares of New Senior Investment Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley cut their price target on New Senior Investment Group from $7.00 to $2.50 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.56.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNR. Principal Financial Group Inc. bought a new position in shares of New Senior Investment Group during the first quarter worth about $29,000. Raymond James & Associates bought a new stake in New Senior Investment Group in the 4th quarter valued at about $104,000. Stifel Financial Corp acquired a new position in New Senior Investment Group during the 4th quarter valued at about $118,000. Tudor Investment Corp Et Al bought a new position in shares of New Senior Investment Group in the first quarter valued at approximately $40,000. Finally, Arizona State Retirement System acquired a new position in shares of New Senior Investment Group in the 1st quarter worth approximately $50,000. 74.02% of the stock is owned by institutional investors.

New Senior Investment Group stock opened at $3.40 on Friday. New Senior Investment Group has a fifty-two week low of $1.72 and a fifty-two week high of $8.35. The firm has a market capitalization of $281.79 million, a price-to-earnings ratio of 17.00 and a beta of 1.66. The stock’s fifty day moving average is $3.42 and its two-hundred day moving average is $4.39. The company has a debt-to-equity ratio of 7.14, a quick ratio of 2.68 and a current ratio of 2.68.

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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