New Senior Investment Group (NYSE:SNR) announced its quarterly earnings data on Friday. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28, Bloomberg Earnings reports. The business had revenue of $106.90 million for the quarter, compared to analyst estimates of $106.00 million. New Senior Investment Group had a negative net margin of 5.25% and a negative return on equity of 4.49%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share.
Shares of New Senior Investment Group (SNR) opened at $7.84 on Friday. The company has a market cap of $573.40, a PE ratio of 5.97 and a beta of 0.84. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.82 and a quick ratio of 1.82. New Senior Investment Group has a 12-month low of $6.77 and a 12-month high of $10.82.
Hedge funds have recently made changes to their positions in the business. Institutional & Family Asset Management LLC bought a new stake in New Senior Investment Group in the third quarter worth about $102,000. Schroder Investment Management Group bought a new stake in New Senior Investment Group in the third quarter worth about $104,000. Jane Street Group LLC purchased a new position in shares of New Senior Investment Group in the third quarter worth about $105,000. BlueCrest Capital Management Ltd purchased a new position in shares of New Senior Investment Group in the fourth quarter worth about $140,000. Finally, SG Americas Securities LLC purchased a new position in shares of New Senior Investment Group in the third quarter worth about $151,000. 66.28% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on SNR. Zacks Investment Research lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley lowered their price objective on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.00.
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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.
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