New Senior Investment Group (SNR) Shares Bought by WESPAC Advisors LLC

WESPAC Advisors LLC lifted its holdings in shares of New Senior Investment Group (NYSE:SNR) by 30.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,535 shares of the real estate investment trust’s stock after purchasing an additional 25,381 shares during the period. WESPAC Advisors LLC’s holdings in New Senior Investment Group were worth $888,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SNR. Renaissance Technologies LLC boosted its position in shares of New Senior Investment Group by 26.9% during the 4th quarter. Renaissance Technologies LLC now owns 3,093,700 shares of the real estate investment trust’s stock valued at $23,388,000 after purchasing an additional 656,500 shares in the last quarter. Global X Management Co. LLC boosted its holdings in New Senior Investment Group by 48.1% in the first quarter. Global X Management Co. LLC now owns 1,397,236 shares of the real estate investment trust’s stock worth $11,429,000 after acquiring an additional 453,972 shares in the last quarter. Tekla Capital Management LLC boosted its holdings in New Senior Investment Group by 55.6% in the fourth quarter. Tekla Capital Management LLC now owns 883,919 shares of the real estate investment trust’s stock worth $6,682,000 after acquiring an additional 315,922 shares in the last quarter. LSV Asset Management boosted its holdings in New Senior Investment Group by 13.5% in the fourth quarter. LSV Asset Management now owns 2,247,691 shares of the real estate investment trust’s stock worth $16,992,000 after acquiring an additional 267,700 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in New Senior Investment Group in the first quarter worth approximately $2,115,000. Institutional investors own 70.71% of the company’s stock.

Shares of New Senior Investment Group opened at $7.48 on Thursday, MarketBeat reports. The company has a market capitalization of $615.29 million, a price-to-earnings ratio of 7.07 and a beta of 0.61. The company has a debt-to-equity ratio of 4.04, a quick ratio of 2.73 and a current ratio of 2.73. New Senior Investment Group has a 52-week low of $7.50 and a 52-week high of $7.58.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings results on Thursday, May 10th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.40). The firm had revenue of $99.22 million during the quarter, compared to the consensus estimate of $98.69 million. New Senior Investment Group had a return on equity of 1.75% and a net margin of 2.02%. The firm’s revenue was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. equities research analysts anticipate that New Senior Investment Group will post 0.99 earnings per share for the current year.

Several research analysts have issued reports on the company. Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “strong sell” rating in a report on Thursday, April 26th. ValuEngine upgraded New Senior Investment Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.31.

About New Senior Investment Group

New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2017, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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