New Senior Investment Group Inc (NYSE:SNR) Given Average Rating of “Buy” by Brokerages

New Senior Investment Group Inc (NYSE:SNR) has received an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $7.65.

SNR has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of New Senior Investment Group from $5.25 to $6.25 and gave the stock an “equal weight” rating in a report on Tuesday, September 17th. Zacks Investment Research upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Saturday, November 9th. Finally, Capital One Financial raised shares of New Senior Investment Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $7.50 to $8.50 in a research report on Monday, November 4th.

Shares of New Senior Investment Group stock opened at $7.93 on Wednesday. The firm has a fifty day simple moving average of $7.59 and a 200-day simple moving average of $6.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 7.31. New Senior Investment Group has a 1-year low of $4.04 and a 1-year high of $8.11. The stock has a market capitalization of $651.24 million, a price-to-earnings ratio of 13.91 and a beta of 0.82.

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 5th. New Senior Investment Group’s dividend payout ratio is presently 91.23%.

A number of large investors have recently made changes to their positions in SNR. Prudential Financial Inc. grew its holdings in New Senior Investment Group by 50.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,405,004 shares of the real estate investment trust’s stock valued at $9,442,000 after buying an additional 473,148 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of New Senior Investment Group by 13.5% in the third quarter. California Public Employees Retirement System now owns 172,798 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 20,523 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of New Senior Investment Group by 7.5% in the second quarter. JPMorgan Chase & Co. now owns 1,946,340 shares of the real estate investment trust’s stock worth $13,158,000 after acquiring an additional 135,354 shares during the last quarter. Susquehanna International Group LLP increased its position in New Senior Investment Group by 255.7% during the second quarter. Susquehanna International Group LLP now owns 105,638 shares of the real estate investment trust’s stock worth $710,000 after acquiring an additional 75,938 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in New Senior Investment Group during the second quarter worth $1,076,000. Hedge funds and other institutional investors own 74.57% of the company’s stock.

New Senior Investment Group Company Profile

New Senior Investment Group Inc (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 December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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