Zacks Investment Research lowered shares of Senior Housing Properties Trust (NASDAQ:SNH) from a hold rating to a sell rating in a research report released on Tuesday.
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 have also recently commented on SNH. ValuEngine raised shares of Senior Housing Properties Trust from a sell rating to a hold rating in a report on Thursday, September 6th. Jefferies Financial Group cut shares of Senior Housing Properties Trust from a hold rating to an underperform rating in a report on Friday, November 16th. BidaskClub raised shares of Senior Housing Properties Trust from a sell rating to a hold rating in a report on Tuesday, October 9th. Morgan Stanley cut 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 report on Monday, October 29th. Finally, B. Riley set a $23.00 target price on shares of Senior Housing Properties Trust and gave the company a buy rating in a report on Tuesday, November 6th. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Senior Housing Properties Trust has a consensus rating of Hold and an average target price of $18.00.
SNH stock opened at $13.30 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 4.49 and a current ratio of 4.49. Senior Housing Properties Trust has a twelve month low of $13.06 and a twelve month high of $19.98. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 2.29 and a beta of 0.46.
Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $279.00 million for the quarter, compared to analyst estimates of $279.10 million. Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. As a group, analysts predict that Senior Housing Properties Trust will post 1.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were given a $0.39 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 11.73%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 98.73%.
A number of large investors have recently bought and sold shares of SNH. BlackRock Inc. grew its position in Senior Housing Properties Trust by 15.1% in the 2nd quarter. BlackRock Inc. now owns 27,030,549 shares of the real estate investment trust’s stock valued at $488,982,000 after buying an additional 3,546,467 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Senior Housing Properties Trust in the 3rd quarter valued at $15,145,000. Millennium Management LLC grew its position in Senior Housing Properties Trust by 150.0% in the 2nd quarter. Millennium Management LLC now owns 1,072,726 shares of the real estate investment trust’s stock valued at $19,406,000 after buying an additional 643,717 shares during the last quarter. Northern Trust Corp grew its position in Senior Housing Properties Trust by 19.3% in the 2nd quarter. Northern Trust Corp now owns 3,826,166 shares of the real estate investment trust’s stock valued at $69,215,000 after buying an additional 619,650 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Senior Housing Properties Trust in the 2nd quarter valued at $11,007,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.
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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