New Senior Investment Group (NYSE:SNR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a report issued on Tuesday, April 3rd. The firm currently has $9.25 price target on the real estate investment trust’s stock.

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. “

How to Become a New Pot Stock Millionaire

Several other equities analysts also recently commented on SNR. Morgan Stanley cut their price target 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. ValuEngine downgraded shares of New Senior Investment Group from a buy rating to a hold rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $9.31.

Shares of NYSE:SNR opened at $8.24 on Tuesday. The stock has a market cap of $683.48, a P/E ratio of 7.23 and a beta of 0.62. New Senior Investment Group has a 12 month low of $6.77 and a 12 month high of $10.82. The company has a debt-to-equity ratio of 3.77, a quick ratio of 3.03 and a current ratio of 3.03.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $106.00 million. New Senior Investment Group had a net margin of 2.72% and a return on equity of 2.35%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. equities analysts forecast that New Senior Investment Group will post 1.07 EPS for the current year.

A number of hedge funds have recently modified their holdings of SNR. Institutional & Family Asset Management LLC bought a new position in New Senior Investment Group in the 3rd quarter worth about $102,000. Schroder Investment Management Group bought a new position in New Senior Investment Group in the 3rd quarter worth about $104,000. Jane Street Group LLC bought a new position in New Senior Investment Group in the 3rd quarter worth about $105,000. BlueCrest Capital Management Ltd bought a new position in New Senior Investment Group in the 4th quarter worth about $140,000. Finally, SG Americas Securities LLC bought a new position in New Senior Investment Group in the 3rd quarter worth about $151,000. Institutional investors and hedge funds own 69.21% of the company’s stock.

WARNING: This article was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/04/22/new-senior-investment-group-snr-upgraded-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on New Senior Investment Group (SNR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for New Senior Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Senior Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply