Wall Street analysts expect New Senior Investment Group Inc (NYSE:SNR) to report earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for New Senior Investment Group’s earnings. New Senior Investment Group posted earnings per share of $0.29 in the same quarter last year, which would indicate a negative year over year growth rate of 48.3%. The company is scheduled to report its next earnings results on Thursday, August 2nd.
On average, analysts expect that New Senior Investment Group will report full-year earnings of $0.56 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.53 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for New Senior Investment Group.
New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.40). The firm had revenue of $99.22 million for the quarter, compared to the consensus estimate of $98.69 million. New Senior Investment Group had a return on equity of 1.75% and a net margin of 2.02%. New Senior Investment Group’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share.
Several research firms recently issued reports on SNR. ValuEngine raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Morgan Stanley decreased their price objective on shares of New Senior Investment Group from $8.00 to $7.30 and set an “underweight” rating for the company in a report on Wednesday, May 30th. Stifel Nicolaus reaffirmed a “hold” rating on shares of New Senior Investment Group in a report on Monday, May 21st. Finally, Zacks Investment Research downgraded shares of New Senior Investment Group from a “hold” rating to a “strong sell” rating in a report on Thursday, April 26th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.14.
A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of New Senior Investment Group in the 1st quarter valued at $111,000. BlueCrest Capital Management Ltd acquired a new position in shares of New Senior Investment Group in the 4th quarter valued at $140,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of New Senior Investment Group in the 1st quarter valued at $155,000. AMP Capital Investors Ltd raised its stake in shares of New Senior Investment Group by 60.6% in the 4th quarter. AMP Capital Investors Ltd now owns 23,148 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 8,736 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of New Senior Investment Group in the 4th quarter valued at $198,000. Hedge funds and other institutional investors own 68.41% of the company’s stock.
Shares of New Senior Investment Group traded down $0.07, hitting $7.55, during trading hours on Friday, according to Marketbeat. 683,502 shares of the stock were exchanged, compared to its average volume of 772,597. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 4.04. The company has a market cap of $635.01 million, a P/E ratio of 6.71 and a beta of 0.55. New Senior Investment Group has a one year low of $6.77 and a one year high of $10.57.
The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Monday, June 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 13.77%. The ex-dividend date was Friday, June 8th. New Senior Investment Group’s payout ratio is currently 91.23%.
About New Senior Investment Group
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 March 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.
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