Senior Housing Properties Trust (SNH) to Post FY2018 Earnings of $1.80 Per Share, Cantor Fitzgerald Forecasts

Senior Housing Properties Trust (NASDAQ:SNH) – Investment analysts at Cantor Fitzgerald reduced their FY2018 earnings estimates for Senior Housing Properties Trust in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Cantor Fitzgerald analyst J. France now expects that the real estate investment trust will earn $1.80 per share for the year, down from their prior estimate of $1.81.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Senior Housing Properties Trust had a net margin of 11.72% and a return on equity of 3.79%. The firm had revenue of $266.68 million during the quarter, compared to analyst estimates of $266.23 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 1.0% on a year-over-year basis.

Several other research analysts have also recently issued reports on SNH. Morgan Stanley lifted their target price on Senior Housing Properties Trust from $18.50 to $19.50 and gave the company an “equal weight” rating in a research report on Monday, September 25th. Zacks Investment Research raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. UBS Group cut their target price on Senior Housing Properties Trust from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. ValuEngine raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Senior Housing Properties Trust presently has a consensus rating of “Hold” and an average target price of $21.19.

Shares of Senior Housing Properties Trust (NASDAQ SNH) traded down $0.12 during trading on Monday, reaching $17.68. The company’s stock had a trading volume of 1,828,600 shares, compared to its average volume of 1,383,533. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.08. Senior Housing Properties Trust has a 12-month low of $17.64 and a 12-month high of $22.52. The firm has a market capitalization of $4,230.00, a PE ratio of 33.36, a PEG ratio of 3.18 and a beta of 0.48.

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in Senior Housing Properties Trust by 63.9% during the third quarter. Stifel Financial Corp now owns 64,753 shares of the real estate investment trust’s stock worth $1,275,000 after acquiring an additional 25,241 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Senior Housing Properties Trust by 28.4% during the third quarter. Public Employees Retirement System of Ohio now owns 476,998 shares of the real estate investment trust’s stock worth $9,325,000 after acquiring an additional 105,470 shares during the period. Prudential Financial Inc. lifted its holdings in Senior Housing Properties Trust by 16.8% during the third quarter. Prudential Financial Inc. now owns 2,996,212 shares of the real estate investment trust’s stock worth $58,576,000 after acquiring an additional 431,702 shares during the period. Eii Capital Management Inc. bought a new stake in Senior Housing Properties Trust during the third quarter worth $1,156,000. Finally, AMP Capital Investors Ltd lifted its holdings in Senior Housing Properties Trust by 301.8% during the third quarter. AMP Capital Investors Ltd now owns 146,975 shares of the real estate investment trust’s stock worth $2,874,000 after acquiring an additional 110,400 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Senior Housing Properties Trust (SNH) to Post FY2018 Earnings of $1.80 Per Share, Cantor Fitzgerald Forecasts” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/01/16/cantor-fitzgerald-analysts-reduce-earnings-estimates-for-senior-housing-properties-trust-snh.html.

About Senior Housing Properties Trust

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

Get a free copy of the Zacks research report on Senior Housing Properties Trust (SNH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply