Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a sell rating to a hold rating in a report issued on Thursday.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

A number of other research firms have also issued reports on SNR. ValuEngine raised shares of New Senior Investment Group from a strong sell rating to a sell rating in a research report on Wednesday, October 24th. Morgan Stanley raised shares of New Senior Investment Group from an underweight rating to an equal weight rating and set a $6.00 price target for the company in a research report on Monday, October 29th.

SNR opened at $5.67 on Thursday. New Senior Investment Group has a 12-month low of $4.04 and a 12-month high of $8.89. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 5.14. The company has a market cap of $465.78 million, a price-to-earnings ratio of 4.97 and a beta of 1.01.

Several hedge funds and other institutional investors have recently modified their holdings of SNR. Renaissance Technologies LLC grew its stake in shares of New Senior Investment Group by 10.5% during the 3rd quarter. Renaissance Technologies LLC now owns 4,813,900 shares of the real estate investment trust’s stock worth $28,402,000 after purchasing an additional 455,700 shares during the period. BlackRock Inc. grew its stake in shares of New Senior Investment Group by 5.2% during the 3rd quarter. BlackRock Inc. now owns 7,495,564 shares of the real estate investment trust’s stock worth $44,224,000 after purchasing an additional 369,698 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of New Senior Investment Group by 60.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 375,098 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 141,396 shares during the period. Cedar Capital LLC grew its stake in shares of New Senior Investment Group by 70.5% during the 4th quarter. Cedar Capital LLC now owns 319,556 shares of the real estate investment trust’s stock worth $1,317,000 after purchasing an additional 132,089 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of New Senior Investment Group by 1,059.2% during the 3rd quarter. First Trust Advisors LP now owns 139,211 shares of the real estate investment trust’s stock worth $821,000 after purchasing an additional 127,202 shares during the period. 63.87% of the stock is currently owned by institutional investors and hedge funds.

New Senior Investment Group Company Profile

New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of September 30, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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