Stevens Capital Management LP acquired a new stake in shares of New Senior Investment Group Inc. (NYSE:SNR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,554 shares of the real estate investment trust’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SNR. Amalgamated Bank acquired a new stake in New Senior Investment Group during the 2nd quarter worth approximately $104,000. Nationwide Fund Advisors increased its holdings in shares of New Senior Investment Group by 48.7% in the second quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 22,090 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of New Senior Investment Group by 54.1% in the second quarter. Ameriprise Financial Inc. now owns 183,584 shares of the real estate investment trust’s stock valued at $1,643,000 after purchasing an additional 64,445 shares during the period. Teachers Advisors LLC increased its holdings in shares of New Senior Investment Group by 15.5% in the second quarter. Teachers Advisors LLC now owns 152,778 shares of the real estate investment trust’s stock valued at $1,535,000 after purchasing an additional 20,506 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of New Senior Investment Group by 3.2% in the second quarter. Wells Fargo & Company MN now owns 144,131 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 4,468 shares during the period. 64.27% of the stock is owned by hedge funds and other institutional investors.

SNR has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and set a $10.00 price target on shares of New Senior Investment Group in a research note on Friday, July 14th. Zacks Investment Research raised New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $10.00 in a research report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. New Senior Investment Group has an average rating of “Hold” and an average target price of $9.67.

New Senior Investment Group Inc. (SNR) opened at 9.24 on Wednesday. The firm’s market capitalization is $759.05 million. New Senior Investment Group Inc. has a 52 week low of $8.82 and a 52 week high of $10.97. The stock’s 50 day moving average is $9.26 and its 200-day moving average is $9.82.

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 company had revenue of $114.29 million during the quarter, compared to the consensus estimate of $114.70 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, equities research analysts expect that New Senior Investment Group Inc. will post ($0.64) EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 11.26%. New Senior Investment Group’s dividend payout ratio is currently -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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