New Senior Investment Group Inc. (NYSE:SNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Other analysts have also recently issued reports about the stock. Canaccord Genuity reiterated a “buy” rating on shares of New Senior Investment Group in a research note on Thursday, August 4th. Compass Point lifted their target price on shares of New Senior Investment Group from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, August 8th.

New Senior Investment Group (NYSE:SNR) opened at 9.82 on Tuesday. The firm’s 50-day moving average is $10.36 and its 200 day moving average is $11.08. New Senior Investment Group has a one year low of $7.78 and a one year high of $12.68. The firm’s market capitalization is $806.49 million.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.03. New Senior Investment Group had a negative net margin of 19.32% and a negative return on equity of 13.51%. The company had revenue of $118.50 million for the quarter, compared to analysts’ expectations of $120.17 million. The firm’s revenue was up 13.4% compared to the same quarter last year. Analysts forecast that New Senior Investment Group will post $1.30 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp increased its stake in shares of New Senior Investment Group by 0.6% in the second quarter. M&T Bank Corp now owns 28,114 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 167 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of New Senior Investment Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 10,383 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 183 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of New Senior Investment Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 10,943 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 303 shares in the last quarter. Creative Planning boosted its stake in New Senior Investment Group by 2.4% in the second quarter. Creative Planning now owns 15,161 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 349 shares during the last quarter. Finally, Veritable L.P. boosted its stake in New Senior Investment Group by 5.5% in the second quarter. Veritable L.P. now owns 11,080 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

New Senior Investment Group Company Profile

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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