Senior Housing Properties Trust (NASDAQ:SNH) Receives $14.25 Average PT from Brokerages

Senior Housing Properties Trust (NASDAQ:SNH) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $13.35.

Several research firms have commented on SNH. Zacks Investment Research raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Saturday. BidaskClub raised shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

Shares of SNH stock traded up $0.25 during trading hours on Wednesday, hitting $8.99. 1,354,400 shares of the company’s stock were exchanged, compared to its average volume of 1,878,311. The company has a market capitalization of $2.08 billion, a PE ratio of 5.65, a PEG ratio of 1.63 and a beta of 0.65. Senior Housing Properties Trust has a 12-month low of $7.49 and a 12-month high of $19.17. The business’s 50 day simple moving average is $8.44 and its 200-day simple moving average is $9.72. The company has a current ratio of 2.41, a quick ratio of 1.55 and a debt-to-equity ratio of 1.24.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $256.11 million. Senior Housing Properties Trust had a negative net margin of 7.31% and a negative return on equity of 4.45%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts anticipate that Senior Housing Properties Trust will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, July 26th. Senior Housing Properties Trust’s dividend payout ratio is 37.74%.

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Senior Housing Properties Trust during the 4th quarter worth $33,676,000. Geode Capital Management LLC lifted its position in Senior Housing Properties Trust by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 4,316,383 shares of the real estate investment trust’s stock worth $50,712,000 after acquiring an additional 672,282 shares during the last quarter. 6 Meridian lifted its position in Senior Housing Properties Trust by 36.9% during the 1st quarter. 6 Meridian now owns 37,181 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 10,014 shares during the last quarter. Virtu Financial LLC acquired a new position in Senior Housing Properties Trust during the 1st quarter worth $121,000. Finally, Retirement Systems of Alabama lifted its position in Senior Housing Properties Trust by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 309,465 shares of the real estate investment trust’s stock worth $3,645,000 after acquiring an additional 1,234 shares during the last quarter. Hedge funds and other institutional investors own 70.06% of the company’s stock.

Senior Housing Properties Trust Company Profile

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

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