Senior Housing Properties Trust (SNH) Short Interest Up 22.7% in February

Senior Housing Properties Trust (NASDAQ:SNH) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 8,270,712 shares, a growth of 22.7% from the February 15th total of 6,740,911 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily volume of 2,221,858 shares, the days-to-cover ratio is currently 3.7 days.

Shares of SNH stock opened at $12.36 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. Senior Housing Properties Trust has a fifty-two week low of $11.13 and a fifty-two week high of $19.17. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 3.50 and a beta of 0.86.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings data on Friday, March 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.11. The firm had revenue of $285.22 million during the quarter, compared to the consensus estimate of $287.42 million. Senior Housing Properties Trust had a return on equity of 6.71% and a net margin of 25.68%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts predict that Senior Housing Properties Trust will post 1.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Monday, January 28th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, January 25th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.62%.

Several institutional investors have recently made changes to their positions in the stock. Lakeview Capital Partners LLC raised its holdings in shares of Senior Housing Properties Trust by 6.6% during the fourth quarter. Lakeview Capital Partners LLC now owns 12,190 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 750 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Senior Housing Properties Trust by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 308,231 shares of the real estate investment trust’s stock valued at $3,612,000 after acquiring an additional 1,122 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Senior Housing Properties Trust by 5.5% during the third quarter. Belpointe Asset Management LLC now owns 22,910 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 1,196 shares in the last quarter. Cedar Wealth Management LLC raised its holdings in shares of Senior Housing Properties Trust by 72.4% during the fourth quarter. Cedar Wealth Management LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Senior Housing Properties Trust by 3.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 37,200 shares of the real estate investment trust’s stock valued at $436,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 70.74% of the company’s stock.

SNH has been the subject of several recent research reports. Zacks Investment Research upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. ValuEngine downgraded Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, November 16th. Jefferies Financial Group downgraded Senior Housing Properties Trust from a “hold” rating to an “underperform” rating in a research report on Friday, November 16th. BidaskClub downgraded Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, Wells Fargo & Co upgraded Senior Housing Properties Trust from a “market perform” rating to an “outperform” rating in a research report on Monday, December 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Senior Housing Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $18.20.

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Senior Housing Properties Trust Company Profile

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

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