New Senior Investment Group Inc (SNR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in New Senior Investment Group Inc (NYSE:SNR) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,566 shares of the real estate investment trust’s stock after selling 18,994 shares during the quarter. California Public Employees Retirement System’s holdings in New Senior Investment Group were worth $1,617,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNR. Renaissance Technologies LLC lifted its holdings in New Senior Investment Group by 15.2% in the second quarter. Renaissance Technologies LLC now owns 4,358,200 shares of the real estate investment trust’s stock worth $32,992,000 after purchasing an additional 574,800 shares during the period. Millennium Management LLC lifted its holdings in New Senior Investment Group by 569.0% in the first quarter. Millennium Management LLC now owns 668,785 shares of the real estate investment trust’s stock worth $5,471,000 after purchasing an additional 568,810 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in New Senior Investment Group in the second quarter worth about $1,769,000. JPMorgan Chase & Co. lifted its holdings in New Senior Investment Group by 177.2% in the first quarter. JPMorgan Chase & Co. now owns 209,457 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 133,908 shares during the period. Finally, LSV Asset Management lifted its holdings in New Senior Investment Group by 4.3% in the second quarter. LSV Asset Management now owns 2,587,091 shares of the real estate investment trust’s stock worth $19,584,000 after purchasing an additional 106,000 shares during the period. 66.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE SNR opened at $5.32 on Friday. New Senior Investment Group Inc has a twelve month low of $5.20 and a twelve month high of $8.89. The company has a debt-to-equity ratio of 4.75, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a market capitalization of $478.11 million, a price-to-earnings ratio of 4.67 and a beta of 0.43.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). New Senior Investment Group had a negative net margin of 7.82% and a negative return on equity of 7.11%. The business had revenue of $117.76 million during the quarter. On average, equities research analysts forecast that New Senior Investment Group Inc will post 0.22 EPS for the current year.

Several equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of New Senior Investment Group from an “underweight” rating to an “equal weight” rating and set a $6.00 price objective for the company in a report on Monday, October 29th. ValuEngine downgraded shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st.

New Senior Investment Group Profile

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 March 31, 2018, 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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