Shares of New Senior Investment Group Inc. (NYSE:SNR) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.50.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price objective on shares of New Senior Investment Group in a research note on Friday, July 14th. BidaskClub cut shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of New Senior Investment Group in a research note on Friday, May 5th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC increased its position in New Senior Investment Group by 0.5% in the first quarter. Arete Wealth Advisors LLC now owns 29,945 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 145 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in New Senior Investment Group by 0.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 200 shares in the last quarter. BTC Capital Management Inc. boosted its stake in New Senior Investment Group by 10.0% in the second quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,039 shares in the last quarter. Creative Planning boosted its stake in New Senior Investment Group by 7.2% in the first quarter. Creative Planning now owns 16,045 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 1,074 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in New Senior Investment Group by 0.7% in the first quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock valued at $1,928,000 after buying an additional 1,335 shares in the last quarter. 67.45% of the stock is currently owned by institutional investors and hedge funds.

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New Senior Investment Group (NYSE SNR) opened at 9.07 on Monday. New Senior Investment Group has a 52-week low of $9.02 and a 52-week high of $12.68. The firm’s market capitalization is $745.02 million. The company has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.09.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $114.29 million during the quarter, compared to analyst estimates of $114.70 million. New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities analysts forecast that New Senior Investment Group will post ($0.64) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 11.47%. The ex-dividend date of this dividend is Thursday, September 7th. New Senior Investment Group’s dividend payout ratio (DPR) is currently -288.88%.

About New Senior Investment Group

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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