Senior Housing Properties Trust (NASDAQ:SNH) Expected to Announce Quarterly Sales of $264.86 Million
Brokerages expect Senior Housing Properties Trust (NASDAQ:SNH) to post sales of $264.86 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Senior Housing Properties Trust’s earnings. The lowest sales estimate is $264.64 million and the highest is $265.08 million. Senior Housing Properties Trust reported sales of $261.37 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings results on Friday, August 4th.
According to Zacks, analysts expect that Senior Housing Properties Trust will report full-year sales of $264.86 million for the current year, with estimates ranging from $1.06 billion to $1.09 billion. For the next year, analysts expect that the company will post sales of $1.09 billion per share, with estimates ranging from $1.06 billion to $1.12 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Senior Housing Properties Trust.
Separately, BidaskClub lowered shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday.
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Shares of Senior Housing Properties Trust (NASDAQ SNH) traded down 0.15% during midday trading on Wednesday, hitting $19.69. 1,942,298 shares of the company’s stock were exchanged. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $23.85.
About Senior Housing Properties Trust
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.
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