LSV Asset Management grew its position in New Senior Investment Group Inc. (NYSE:SNR) by 52.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 238,705 shares of the real estate investment trust’s stock after buying an additional 82,405 shares during the period. LSV Asset Management owned 0.29% of New Senior Investment Group worth $2,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its stake in shares of New Senior Investment Group by 0.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 200 shares during the period. BTC Capital Management Inc. grew its stake in shares of New Senior Investment Group by 10.0% during the second quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 1,039 shares during the period. Legal & General Group Plc grew its stake in shares of New Senior Investment Group by 0.7% during the first quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock worth $1,928,000 after purchasing an additional 1,335 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of New Senior Investment Group by 5.8% during the first quarter. BNP Paribas Arbitrage SA now owns 30,335 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 1,653 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of New Senior Investment Group by 4.7% during the second quarter. Nisa Investment Advisors LLC now owns 38,200 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,700 shares during the period. 64.27% of the stock is owned by institutional investors.

New Senior Investment Group Inc. (NYSE:SNR) opened at 9.14 on Thursday. The firm’s 50-day moving average price is $9.34 and its 200 day moving average price is $9.88. The company’s market capitalization is $750.83 million. New Senior Investment Group Inc. has a 12-month low of $8.82 and a 12-month high of $11.90.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.01). New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. The business had revenue of $114.29 million for the quarter, compared to analyst estimates of $114.70 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, analysts expect that New Senior Investment Group Inc. will post ($0.64) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.04 dividend on an annualized basis and a yield of 11.38%. New Senior Investment Group’s payout ratio is currently -288.88%.

A number of equities research analysts recently commented on the company. BidaskClub cut New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price objective on shares of New Senior Investment Group in a research note on Friday, July 14th. Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $10.00 in a research note on Thursday, August 31st. Finally, Zacks Investment Research raised New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.50.

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New Senior Investment Group Profile

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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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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