First Trust Advisors LP trimmed its stake in shares of New Senior Investment Group Inc. (NYSE:SNR) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,958 shares of the real estate investment trust’s stock after selling 8,480 shares during the period. First Trust Advisors LP owned 0.10% of New Senior Investment Group worth $854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SNR. Teachers Advisors LLC lifted its holdings in New Senior Investment Group by 2.8% during the fourth quarter. Teachers Advisors LLC now owns 125,023 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 3,356 shares in the last quarter. Henderson Group PLC lifted its holdings in New Senior Investment Group by 14.9% during the first quarter. Henderson Group PLC now owns 55,140 shares of the real estate investment trust’s stock valued at $562,000 after purchasing an additional 7,170 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in 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 valued at $309,000 after purchasing an additional 1,653 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in New Senior Investment Group by 25.3% during the first quarter. UBS Asset Management Americas Inc. now owns 141,972 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 28,630 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in New Senior Investment Group during the first quarter valued at $194,000. 64.27% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. BidaskClub raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price objective on shares of New Senior Investment Group in a report on Friday, July 14th. Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Compass Point downgraded shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $13.00 to $10.00 in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.50.

Shares of New Senior Investment Group Inc. (SNR) opened at 9.07 on Friday. The firm’s market capitalization is $745.08 million. New Senior Investment Group Inc. has a 12 month low of $8.82 and a 12 month high of $11.90. The stock has a 50 day moving average of $9.34 and a 200-day moving average of $9.88.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 EPS for the quarter, missing the 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 company had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $114.70 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, equities research analysts anticipate that New Senior Investment Group Inc. will post ($0.64) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.26 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 11.38%. New Senior Investment Group’s dividend payout ratio is presently -288.88%.

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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.

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

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