Senior Housing Properties Trust (NASDAQ:SNH) Stock Rating Upgraded by Zacks Investment Research

Senior Housing Properties Trust (NASDAQ:SNH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

Other research analysts have also issued reports about the company. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. B. Riley set a $14.00 price objective on Senior Housing Properties Trust and gave the company a “buy” rating in a report on Thursday, April 4th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Royal Bank of Canada lowered Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a report on Tuesday, April 2nd. Finally, BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.40.

Shares of NASDAQ SNH opened at $8.39 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average price of $8.23. Senior Housing Properties Trust has a one year low of $7.49 and a one year high of $19.17. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 5.28, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Senior Housing Properties Trust had a net margin of 7.31% and a return on equity of 0.59%. The firm had revenue of $266.29 million during the quarter, compared to analyst estimates of $268.21 million. During the same period in the prior year, the company earned $0.99 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Senior Housing Properties Trust will post 1.34 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Senior Housing Properties Trust by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,176,501 shares of the real estate investment trust’s stock worth $48,949,000 after acquiring an additional 324,233 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Senior Housing Properties Trust by 24.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,713 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 7,117 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Senior Housing Properties Trust by 15.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 304,145 shares of the real estate investment trust’s stock valued at $3,300,000 after buying an additional 40,343 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Senior Housing Properties Trust by 11.1% in the fourth quarter. Commonwealth Bank of Australia now owns 32,900 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 3,300 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Senior Housing Properties Trust by 11.4% in the fourth quarter. Stifel Financial Corp now owns 94,171 shares of the real estate investment trust’s stock valued at $1,100,000 after buying an additional 9,625 shares during the last quarter. 71.11% of the stock is currently owned by institutional investors.

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.

Featured Story: Return on Equity (ROE)

Get a free copy of the Zacks research report on Senior Housing Properties Trust (SNH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.