New Senior Investment Group Inc. (NYSE:SNR) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of New Senior Investment Group Inc. (NYSE:SNR) from a hold rating to a sell rating in a research report report published on Saturday, July 22nd.

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 analysts also recently issued reports on the company. Canaccord Genuity reaffirmed a buy rating on shares of New Senior Investment Group in a research note on Friday, May 5th. Stifel Nicolaus reduced their price objective on New Senior Investment Group from $11.00 to $10.00 and set a hold rating on the stock in a research note on Friday, May 12th. Finally, BidaskClub downgraded New Senior Investment Group from a buy rating to a hold rating in a research note on Saturday, July 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $10.67.

New Senior Investment Group (SNR) traded down 1.20% during mid-day trading on Friday, reaching $9.05. 777,273 shares of the company’s stock traded hands. The stock’s market cap is $743.44 million. New Senior Investment Group has a 12 month low of $8.82 and a 12 month high of $12.68. The company has a 50 day moving average price of $9.89 and a 200-day moving average price of $10.04.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The business had revenue of $114.29 million for the quarter, compared to the consensus estimate of $114.70 million. New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. During the same period last year, the business posted $0.32 EPS. On average, analysts anticipate that New Senior Investment Group will post ($0.64) EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.49%. The ex-dividend date of this dividend is Thursday, September 7th. New Senior Investment Group’s payout ratio is currently -288.88%.

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in New Senior Investment Group during the first quarter worth about $101,000. Principal Financial Group Inc. purchased a new stake in shares of New Senior Investment Group during the second quarter worth $101,000. BTC Capital Management Inc. purchased a new stake in shares of New Senior Investment Group during the first quarter worth $105,000. Amalgamated Bank purchased a new stake in shares of New Senior Investment Group during the second quarter worth $104,000. Finally, Stevens Capital Management LP purchased a new stake in shares of New Senior Investment Group during the second quarter worth $106,000. Institutional investors own 67.22% of the company’s stock.

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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