Senior Housing Properties Trust (SNH) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a hold rating to a buy rating in a research report report published on Friday morning.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Co lowered their target price on Senior Housing Properties Trust from $17.50 to $16.00 and set an underperform rating for the company in a report on Tuesday, March 20th. Bank of America lowered their target price on Senior Housing Properties Trust from $16.50 to $16.00 and set an underperform rating for the company in a report on Thursday, March 8th. B. Riley set a $22.00 target price on Senior Housing Properties Trust and gave the stock a buy rating in a report on Thursday, March 1st. Robert W. Baird set a $17.00 target price on Senior Housing Properties Trust and gave the stock a hold rating in a report on Wednesday, February 28th. Finally, Cantor Fitzgerald lowered their target price on Senior Housing Properties Trust from $24.00 to $21.00 and set an overweight rating for the company in a report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $19.45.

Shares of SNH stock opened at $18.20 on Friday. Senior Housing Properties Trust has a twelve month low of $14.86 and a twelve month high of $22.01. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.74 and a beta of 0.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.52 and a quick ratio of 1.52.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its earnings results on Wednesday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Senior Housing Properties Trust had a return on equity of 10.55% and a net margin of 32.36%. The business had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.43 million. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts forecast that Senior Housing Properties Trust will post 1.72 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Senior Housing Properties Trust during the 1st quarter worth $166,000. Allianz Asset Management GmbH lifted its stake in shares of Senior Housing Properties Trust by 330.3% during the 1st quarter. Allianz Asset Management GmbH now owns 53,008 shares of the real estate investment trust’s stock worth $830,000 after purchasing an additional 40,690 shares during the last quarter. Rational Advisors LLC increased its position in Senior Housing Properties Trust by 215.0% during the 1st quarter. Rational Advisors LLC now owns 72,160 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 49,250 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Senior Housing Properties Trust by 80.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 34,278 shares of the real estate investment trust’s stock valued at $537,000 after buying an additional 15,300 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Senior Housing Properties Trust by 9.2% during the 1st quarter. Royal Bank of Canada now owns 248,372 shares of the real estate investment trust’s stock valued at $3,890,000 after buying an additional 20,904 shares in the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

About Senior Housing Properties Trust

SNH is a real estate investment trust, or REIT, which owns senior living communities, medical office and life science properties and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

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