New Senior Investment Group Inc. (NYSE:SNR) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,140,331 shares, an increase of 77.3% from the September 15th total of 1,771,442 shares. Based on an average trading volume of 672,091 shares, the days-to-cover ratio is currently 4.7 days. Currently, 4.0% of the shares of the stock are sold short.

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG raised its position in New Senior Investment Group by 4.8% in the first quarter. UBS Group AG now owns 1,353,303 shares of the real estate investment trust’s stock worth $13,938,000 after buying an additional 61,990 shares during the period. Royal Bank of Canada raised its position in New Senior Investment Group by 0.6% in the second quarter. Royal Bank of Canada now owns 1,231,896 shares of the real estate investment trust’s stock worth $13,157,000 after buying an additional 7,048 shares during the period. Bank of New York Mellon Corp raised its position in New Senior Investment Group by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 1,196,818 shares of the real estate investment trust’s stock worth $12,781,000 after buying an additional 28,465 shares during the period. Dimensional Fund Advisors LP raised its position in New Senior Investment Group by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the real estate investment trust’s stock worth $9,731,000 after buying an additional 46,277 shares during the period. Finally, Bank of Montreal Can acquired a new position in New Senior Investment Group during the second quarter worth $9,632,000. 71.66% of the stock is owned by hedge funds and other institutional investors.

New Senior Investment Group (NYSE:SNR) opened at 10.38 on Tuesday. The company’s 50 day moving average price is $11.39 and its 200-day moving average price is $11.17. New Senior Investment Group has a one year low of $7.78 and a one year high of $12.68. The stock’s market capitalization is $852.48 million.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business earned $118.54 million during the quarter, compared to the consensus estimate of $118.98 million. New Senior Investment Group had a negative return on equity of 12.19% and a negative net margin of 19.39%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. Analysts expect that New Senior Investment Group will post $1.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date was Tuesday, September 6th. New Senior Investment Group’s dividend payout ratio (DPR) is -98.11%.

A number of brokerages have recently issued reports on SNR. Zacks Investment Research upgraded New Senior Investment Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Saturday, October 1st. Canaccord Genuity reiterated a “buy” rating on shares of New Senior Investment Group in a research report on Thursday, August 4th. Finally, Compass Point lifted their price target on New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Monday, August 8th.

About New Senior Investment Group

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

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