Principal Financial Group Inc. acquired a new stake in shares of New Senior Investment Group Inc. (NYSE:SNR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,098 shares of the real estate investment trust’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IndexIQ Advisors LLC lifted its holdings in 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 valued at $978,000 after buying an additional 10,213 shares in the last quarter. Prudential Financial Inc. lifted its holdings in 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 valued at $1,808,000 after buying an additional 89,800 shares in the last quarter. Karp Capital Management Corp bought a new stake in New Senior Investment Group during the 1st quarter valued at about $194,000. Cypress Capital Management LLC WY lifted its holdings in 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 valued at $1,203,000 after buying an additional 11,500 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in New Senior Investment Group by 0.7% during the 1st quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock valued at $1,928,000 after buying an additional 1,335 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Shares of New Senior Investment Group Inc. (NYSE SNR) opened at 9.18 on Thursday. New Senior Investment Group Inc. has a 12-month low of $8.63 and a 12-month high of $10.97. The company’s market cap is $754.12 million. The stock has a 50 day moving average of $9.15 and a 200 day moving average of $9.75.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $114.70 million. During the same period in the previous year, the business posted $0.32 EPS. Analysts forecast that New Senior Investment Group Inc. will post ($0.64) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 11.33%. The ex-dividend date of this dividend was Thursday, September 7th. New Senior Investment Group’s payout ratio is -288.88%.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus reiterated 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 upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $10.00 in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.67.

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About New Senior Investment Group

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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