Thompson Siegel & Walmsley LLC Sells 780,333 Shares of New Senior Investment Group Inc. (NYSE:SNR)

Thompson Siegel & Walmsley LLC reduced its position in New Senior Investment Group Inc. (NYSE:SNR) by 31.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,693,615 shares of the real estate investment trust’s stock after selling 780,333 shares during the period. Thompson Siegel & Walmsley LLC owned 2.06% of New Senior Investment Group worth $15,497,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SNR. IndexIQ Advisors LLC boosted its stake in New Senior Investment Group by 11.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 97,300 shares of the real estate investment trust’s stock worth $978,000 after purchasing an additional 10,213 shares in the last quarter. WESPAC Advisors LLC acquired a new stake in New Senior Investment Group during the 2nd quarter valued at approximately $1,225,000. Prudential Financial Inc. lifted its stake in New Senior Investment Group by 79.6% during the 2nd quarter. Prudential Financial Inc. now owns 318,233 shares of the real estate investment trust’s stock valued at $3,198,000 after acquiring an additional 141,010 shares during the period. Ranger Global Real Estate Advisors LLC increased its holdings in shares of New Senior Investment Group by 4.9% during the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 535,569 shares of the real estate investment trust’s stock valued at $4,900,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of New Senior Investment Group by 48.7% during the 2nd quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 22,090 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Shares of New Senior Investment Group Inc. (NYSE SNR) traded down $0.11 during midday trading on Friday, reaching $7.79. 742,000 shares of the company traded hands, compared to its average volume of 629,478. New Senior Investment Group Inc. has a 12 month low of $7.77 and a 12 month high of $10.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $648.98, a price-to-earnings ratio of 6.97 and a beta of 0.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 annualized dividend and a yield of 13.35%. New Senior Investment Group’s dividend payout ratio (DPR) is presently -358.62%.

SNR has been the subject of several recent research reports. Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $10.00 in a report on Thursday, August 31st. BidaskClub lowered shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.67.

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New Senior Investment Group Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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