New Senior Investment Group Inc. (NYSE:SNR) shares reached a new 52-week low on Wednesday . The stock traded as low as $8.78 and last traded at $8.76, with a volume of 761,281 shares. The stock had previously closed at $8.93.

Several research firms recently weighed in on SNR. Stifel Nicolaus reissued 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. BidaskClub lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Finally, Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $10.00 in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. New Senior Investment Group has a consensus rating of “Hold” and an average price target of $9.67.

The firm’s 50-day moving average price is $9.21 and its 200 day moving average price is $9.79. The company’s market cap is $725.37 million.

New Senior Investment Group (NYSE:SNR) last posted its quarterly 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). The business had revenue of $114.29 million for the quarter, compared to the consensus estimate of $114.70 million. New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. During the same quarter in the previous year, the company 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.78%. The ex-dividend date of this dividend was Thursday, September 7th. New Senior Investment Group’s payout ratio is -288.88%.

Institutional investors have recently bought and sold shares of the business. IndexIQ Advisors LLC boosted its holdings in shares of New Senior Investment Group by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 97,300 shares of the real estate investment trust’s stock worth $978,000 after buying an additional 10,213 shares in the last quarter. WESPAC Advisors LLC bought a new position in shares of New Senior Investment Group during the 2nd quarter worth approximately $1,225,000. Prudential Financial Inc. boosted its holdings in shares of New Senior Investment Group by 102.7% during the 1st quarter. Prudential Financial Inc. now owns 177,223 shares of the real estate investment trust’s stock worth $1,808,000 after buying an additional 89,800 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of New Senior Investment Group during the 1st quarter worth approximately $194,000. Finally, Cypress Capital Management LLC WY boosted its holdings in shares of New Senior Investment Group by 10.6% during the 2nd quarter. Cypress Capital Management LLC WY now owns 119,700 shares of the real estate investment trust’s stock worth $1,203,000 after buying an additional 11,500 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.

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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.

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