Ingalls & Snyder LLC Invests $296,000 in Senior Housing Properties Trust (NYSE:SNH)

Ingalls & Snyder LLC bought a new position in shares of Senior Housing Properties Trust (NYSE:SNH) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNH. BlackRock Inc. increased its position in Senior Housing Properties Trust by 5,222.5% in the first quarter. BlackRock Inc. now owns 24,977,660 shares of the company’s stock worth $505,798,000 after buying an additional 24,508,377 shares in the last quarter. JPMorgan Chase & Co. increased its position in Senior Housing Properties Trust by 518.7% in the first quarter. JPMorgan Chase & Co. now owns 3,607,893 shares of the company’s stock worth $73,059,000 after buying an additional 3,024,789 shares in the last quarter. Vanguard Group Inc. increased its position in Senior Housing Properties Trust by 5.1% in the first quarter. Vanguard Group Inc. now owns 41,184,214 shares of the company’s stock worth $833,981,000 after buying an additional 2,017,007 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Senior Housing Properties Trust by 37.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,938,518 shares of the company’s stock worth $79,755,000 after buying an additional 1,083,063 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Senior Housing Properties Trust during the first quarter worth approximately $17,114,000.

Shares of Senior Housing Properties Trust (NYSE:SNH) traded down 1.25% during mid-day trading on Friday, reaching $19.00. The company had a trading volume of 1,201,679 shares. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $23.85. The stock’s 50-day moving average price is $19.40 and its 200 day moving average price is $20.40.

Senior Housing Properties Trust (NYSE:SNH) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Senior Housing Properties Trust had a net margin of 6.43% and a return on equity of 2.01%. The business had revenue of $265.01 million during the quarter, compared to analyst estimates of $260.72 million. During the same period last year, the company earned $0.47 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Senior Housing Properties Trust will post $0.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.21%. The ex-dividend date was Thursday, July 20th.

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A number of research analysts have recently commented on SNH shares. Royal Bank Of Canada downgraded Senior Housing Properties Trust from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $24.00 to $22.00 in a research report on Monday, May 15th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $21.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, May 12th. FBR & Co reiterated a “buy” rating on shares of Senior Housing Properties Trust in a research report on Monday, May 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.20.

About Senior Housing Properties Trust

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

Institutional Ownership by Quarter for Senior Housing Properties Trust (NYSE:SNH)

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