New Senior Investment Group Inc. (NYSE:snr) declared a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Thursday, December 8th will be paid a dividend of 0.26 per share by the real estate investment trust on Thursday, December 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend is Tuesday, December 6th.

New Senior Investment Group (NYSE:SNR) opened at 10.14 on Thursday. The firm’s 50 day moving average price is $10.13 and its 200-day moving average price is $11.01. New Senior Investment Group has a 52 week low of $7.78 and a 52 week high of $12.68. The firm’s market cap is $832.77 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 analysts’ consensus estimates 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 analyst estimates of $120.17 million. The company’s revenue was up 13.4% on a year-over-year basis. On average, analysts forecast that New Senior Investment Group will post $1.27 EPS for the current year.

Dividend History for New Senior Investment Group (NYSE:snr)

Several brokerages have issued reports on SNR. Zacks Investment Research raised shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Saturday, October 1st. Canaccord Genuity reissued a “buy” rating on shares of New Senior Investment Group in a research note on Thursday, August 4th. Finally, Compass Point boosted 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.

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in 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 during the period. Veritable L.P. increased its position 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 period. California State Teachers Retirement System increased its position in New Senior Investment Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 161,600 shares of the real estate investment trust’s stock worth $1,865,000 after buying an additional 1,500 shares during the period. Hsbc Holdings PLC increased its position in New Senior Investment Group by 9.3% in the second quarter. Hsbc Holdings PLC now owns 17,756 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 1,507 shares during the period. Finally, Teachers Advisors Inc. increased its position in New Senior Investment Group by 1.7% in the second quarter. Teachers Advisors Inc. now owns 121,667 shares of the real estate investment trust’s stock worth $1,299,000 after buying an additional 2,074 shares during the period. 72.49% of the stock is currently owned by institutional investors and hedge funds.

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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.

5 Day Chart for NYSE:SNR

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