New Senior Investment Group (NYSE:SNR) Lifted 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 released on Friday, January 5th. They currently have $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 lowered their price objective on New Senior Investment Group from $9.00 to $8.00 and set an underweight rating on the stock 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 given a buy rating to the company. New Senior Investment Group currently has a consensus rating of Hold and an average price target of $9.19.

Shares of New Senior Investment Group (NYSE SNR) traded down $0.06 during trading on Friday, reaching $7.57. The company had a trading volume of 428,714 shares, compared to its average volume of 708,753. New Senior Investment Group has a fifty-two week low of $7.37 and a fifty-two week high of $10.82. The company has a market cap of $621.87, a PE ratio of -26.10 and a beta of 0.82. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). New Senior Investment Group had a negative net margin of 5.25% and a negative return on equity of 4.49%. research analysts predict that New Senior Investment Group will post 1.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of New Senior Investment Group by 67.3% during the third quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after buying an additional 214,230 shares during the period. Ranger Global Real Estate Advisors LLC increased its position in shares of New Senior Investment Group by 4.9% during the third 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 buying an additional 25,000 shares during the period. Allianz Asset Management GmbH increased its position in shares of New Senior Investment Group by 152.8% during the third quarter. Allianz Asset Management GmbH now owns 269,767 shares of the real estate investment trust’s stock valued at $2,468,000 after buying an additional 163,055 shares during the period. Nationwide Fund Advisors increased its position in shares of New Senior Investment Group by 48.7% during the second quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 22,090 shares during the period. Finally, State Street Corp increased its position in shares of New Senior Investment Group by 1.6% during the second quarter. State Street Corp now owns 1,919,581 shares of the real estate investment trust’s stock valued at $19,287,000 after buying an additional 30,977 shares during the period. Hedge funds and other institutional investors own 67.21% 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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