New Senior Investment Group Inc. (NYSE:SNR) has been assigned an average broker rating score of 3.50 (Sell) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.
Brokerages have set a one year consensus price objective of $10.50 for the company and are anticipating that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given New Senior Investment Group an industry rank of 102 out of 265 based on the ratings given to its competitors.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a report on Monday, August 15th. Finally, Compass Point upped their price target on New Senior Investment Group from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, August 8th.
Shares of New Senior Investment Group (NYSE:SNR) opened at 10.07 on Monday. New Senior Investment Group has a 12-month low of $7.78 and a 12-month high of $12.68. The firm’s market cap is $827.02 million. The company’s 50 day moving average price is $10.13 and its 200-day moving average price is $11.03.
New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.03. New Senior Investment Group had a negative return on equity of 13.51% and a negative net margin of 19.32%. The company had revenue of $118.50 million for the quarter, compared to analysts’ expectations of $120.17 million. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts anticipate that New Senior Investment Group will post $1.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.33%. New Senior Investment Group’s payout ratio is currently -94.54%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in New Senior Investment Group during the second quarter worth approximately $108,000. Principal Financial Group Inc. increased its position in New Senior Investment Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 10,383 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 183 shares during the last quarter. Teacher Retirement System of Texas increased its position in New Senior Investment Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 10,943 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 303 shares during the last quarter. Veritable L.P. increased its position in New Senior Investment Group by 5.5% in the second quarter. Veritable L.P. now owns 11,080 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 580 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in New Senior Investment Group during the third quarter worth approximately $128,000. Institutional investors and hedge funds own 71.15% of the company’s stock.
New Senior Investment Group Company Profile
New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.