Legal & General Group Plc Increases Position in New Senior Investment Group Inc (SNR)

Legal & General Group Plc raised its stake in shares of New Senior Investment Group Inc (NYSE:SNR) by 16.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,402 shares of the real estate investment trust’s stock after acquiring an additional 31,646 shares during the period. Legal & General Group Plc owned approximately 0.27% of New Senior Investment Group worth $2,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of New Senior Investment Group during the second quarter valued at about $101,000. Amalgamated Bank acquired a new stake in shares of New Senior Investment Group during the second quarter valued at about $104,000. Stevens Capital Management LP acquired a new stake in shares of New Senior Investment Group during the second quarter valued at about $106,000. MML Investors Services LLC increased its position in shares of New Senior Investment Group by 2.9% during 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 acquiring an additional 310 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of New Senior Investment Group during the second quarter valued at about $113,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

New Senior Investment Group Inc (NYSE:SNR) opened at $7.41 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. The firm has a market cap of $608.72, a P/E ratio of -25.55 and a beta of 0.82. New Senior Investment Group Inc has a twelve month low of $7.37 and a twelve month high of $10.82.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued 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%.

SNR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, December 16th. Morgan Stanley dropped 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 report on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.19.

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About New Senior Investment Group

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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