Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “
A number of other brokerages also recently commented on SNH. ValuEngine raised shares of Senior Housing Properties Trust from a sell rating to a hold rating in a research note on Thursday, September 6th. BidaskClub raised shares of Senior Housing Properties Trust from a sell rating to a hold rating in a research note on Tuesday, October 9th. Morgan Stanley downgraded shares of Senior Housing Properties Trust from an equal weight rating to an underweight rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, October 29th. Finally, B. Riley raised their target price on shares of Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a buy rating in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $18.29.
Shares of SNH stock traded up $0.34 during mid-day trading on Friday, reaching $16.25. The company’s stock had a trading volume of 28,973 shares, compared to its average volume of 1,437,255. Senior Housing Properties Trust has a 12-month low of $14.86 and a 12-month high of $19.98. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 1.07. The company has a market cap of $3.78 billion, a PE ratio of 10.28, a P/E/G ratio of 2.58 and a beta of 0.45.
Senior Housing Properties Trust (NASDAQ:SNH) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.38. Senior Housing Properties Trust had a net margin of 41.79% and a return on equity of 13.68%. The business had revenue of $277.25 million for the quarter, compared to the consensus estimate of $277.31 million. During the same quarter last year, the firm posted $0.07 EPS. Equities research analysts expect that Senior Housing Properties Trust will post 1.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Friday, October 26th. Senior Housing Properties Trust’s payout ratio is 98.73%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new stake in Senior Housing Properties Trust during the 3rd quarter valued at $126,000. Dynamic Technology Lab Private Ltd acquired a new stake in Senior Housing Properties Trust during the 1st quarter valued at $166,000. Qube Research & Technologies Ltd acquired a new stake in Senior Housing Properties Trust during the 2nd quarter valued at $184,000. CIBC Asset Management Inc acquired a new stake in Senior Housing Properties Trust during the 2nd quarter valued at $185,000. Finally, Keybank National Association OH acquired a new stake in Senior Housing Properties Trust during the 2nd quarter valued at $191,000. 73.64% of the stock is owned by institutional investors and hedge funds.
About Senior Housing Properties Trust
SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities 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.
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