New Senior Investment Group Inc. (SNR) Receives $9.67 Consensus Target Price from Analysts
New Senior Investment Group Inc. (NYSE:SNR) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.67.
A number of research analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 target price on shares of New Senior Investment Group in a research note on Friday, July 14th. BidaskClub cut New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Finally, Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $10.00 in a research note on Thursday, August 31st.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/09/28/new-senior-investment-group-inc-snr-receives-9-67-consensus-target-price-from-analysts.html.
Shares of New Senior Investment Group (NYSE:SNR) remained flat at $9.09 during midday trading on Monday. The stock had a trading volume of 99,161 shares. The company’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 $746.73 million. New Senior Investment Group has a 12-month low of $8.82 and a 12-month high of $11.90.
New Senior Investment Group (NYSE:SNR) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. The business had revenue of $114.29 million during the quarter, compared to analyst estimates of $114.70 million. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts forecast that New Senior Investment Group will post ($0.64) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 dividend on an annualized basis and a yield of 11.44%. New Senior Investment Group’s payout ratio is -288.88%.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in New Senior Investment Group in the first quarter valued at about $101,000. Principal Financial Group Inc. acquired a new position in New Senior Investment Group in the second quarter valued at about $101,000. Amalgamated Bank acquired a new position in New Senior Investment Group in the second quarter valued at about $104,000. Stevens Capital Management LP bought a new stake in shares of New Senior Investment Group in the second quarter valued at about $106,000. Finally, MML Investors Services LLC lifted its holdings in shares of New Senior Investment Group by 2.9% in the second quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 310 shares in the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.
New Senior Investment Group Company 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.
Receive News & Stock Ratings for New Senior Investment Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Senior Investment Group Inc. and related stocks with our FREE daily email newsletter.