Allianz Asset Management GmbH lifted its position in New Senior Investment Group Inc. (NYSE:SNR) by 152.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 269,767 shares of the real estate investment trust’s stock after buying an additional 163,055 shares during the period. Allianz Asset Management GmbH owned approximately 0.33% of New Senior Investment Group worth $2,468,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SNR. MML Investors Services LLC grew its position in New Senior Investment Group by 2.9% during the 2nd quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 310 shares during the last quarter. Legal & General Group Plc grew its position in New Senior Investment Group by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 192,756 shares of the real estate investment trust’s stock worth $1,937,000 after purchasing an additional 3,702 shares during the last quarter. Voya Investment Management LLC grew its position in New Senior Investment Group by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 36,058 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 3,897 shares during the last quarter. Wells Fargo & Company MN grew its position in New Senior Investment Group by 3.2% during the 2nd quarter. Wells Fargo & Company MN now owns 144,131 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 4,468 shares during the last quarter. Finally, First Trust Advisors LP grew its position in New Senior Investment Group by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 90,775 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 5,817 shares during the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on SNR shares. Zacks Investment Research raised shares of New Senior Investment Group from a “strong sell” rating to a “hold” rating in a report on Saturday, December 16th. Compass Point downgraded shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $10.00 in a report on Thursday, August 31st. Finally, Morgan Stanley dropped their price objective on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four 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 $9.33.

Shares of New Senior Investment Group Inc. (SNR) opened at $7.55 on Friday. The company has a market cap of $620.22, a price-to-earnings ratio of -26.03 and a beta of 0.82. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group Inc. has a twelve month low of $7.45 and a twelve month high of $10.82.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.77%. The ex-dividend date was Thursday, December 7th. New Senior Investment Group’s dividend payout ratio (DPR) is currently -358.62%.

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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.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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