New Senior Investment Group Inc. (NYSE:SNR) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.67.

SNR has been the subject of a number of research reports. Zacks Investment Research lowered shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $10.00 in a research report on Thursday, August 31st. Finally, BidaskClub lowered shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

Several hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of New Senior Investment Group by 0.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 200 shares during the period. MML Investors Services LLC boosted its position 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 acquiring an additional 310 shares during the period. BTC Capital Management Inc. boosted its position in shares of New Senior Investment Group by 10.0% in the second quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 1,039 shares during the period. Legal & General Group Plc boosted its position in shares of New Senior Investment Group by 0.7% in the first quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock valued at $1,928,000 after acquiring an additional 1,335 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of New Senior Investment Group by 4.7% in the second quarter. Nisa Investment Advisors LLC now owns 38,200 shares of the real estate investment trust’s stock valued at $366,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 64.03% of the company’s stock.

Shares of New Senior Investment Group (NYSE SNR) remained flat at $$8.01 during trading hours on Tuesday. The stock had a trading volume of 394,906 shares, compared to its average volume of 633,888. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. The stock has a market cap of $658.01, a P/E ratio of 6.97 and a beta of 0.88. New Senior Investment Group has a twelve month low of $7.87 and a twelve month high of $10.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.98%. New Senior Investment Group’s dividend payout ratio (DPR) is currently -358.62%.

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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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