New Senior Investment Group (NYSE:SNR) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a research report sent to investors on Friday, January 5th. Zacks Investment Research currently has $8.75 price objective on the real estate investment trust’s stock.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Separately, Morgan Stanley cut their price target on shares of New Senior Investment Group from $9.00 to $8.00 and set an underweight rating for the company in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. New Senior Investment Group currently has a consensus rating of Hold and a consensus target price of $9.19.

New Senior Investment Group (NYSE:SNR) traded down $0.13 during midday trading on Friday, hitting $7.41. 422,884 shares of the company traded hands, compared to its average volume of 736,158. The company has a market capitalization of $608.72, a PE ratio of -25.55 and a beta of 0.82. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group has a twelve month low of $7.37 and a twelve month high of $10.82.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date was Thursday, December 7th. New Senior Investment Group’s dividend payout ratio (DPR) is currently -358.62%.

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of New Senior Investment Group in the second quarter valued at approximately $101,000. Amalgamated Bank acquired a new stake in shares of New Senior Investment Group in the second quarter valued at approximately $104,000. Stevens Capital Management LP acquired a new stake in shares of New Senior Investment Group in the second quarter valued at approximately $106,000. MML Investors Services LLC increased its holdings in shares of New Senior Investment Group by 2.9% in the second quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 310 shares in the last quarter. Finally, Institutional & Family Asset Management LLC acquired a new stake in shares of New Senior Investment Group in the third quarter valued at approximately $102,000. Institutional investors own 67.25% of the company’s stock.

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New Senior Investment Group Company 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.

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