New Senior Investment Group (NYSE:SNR) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

Other analysts have also issued reports about the company. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the stock a buy rating in a report on Thursday, March 28th. Robert W. Baird began coverage on New Senior Investment Group in a report on Friday, May 31st. They set a neutral rating and a $7.00 price objective for the company.

SNR stock opened at $6.87 on Thursday. The business’s 50 day moving average price is $6.68. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $7.62. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 7.22. The firm has a market cap of $577.75 million, a P/E ratio of 12.05 and a beta of 0.72.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. New Senior Investment Group had a negative return on equity of 47.15% and a negative net margin of 33.97%. The business had revenue of $117.62 million for the quarter. Equities analysts predict that New Senior Investment Group will post 0.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend was Thursday, June 6th. New Senior Investment Group’s dividend payout ratio is presently 91.23%.

Several hedge funds have recently added to or reduced their stakes in SNR. JPMorgan Chase & Co. raised its position in shares of New Senior Investment Group by 1,632.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,810,986 shares of the real estate investment trust’s stock valued at $9,870,000 after buying an additional 1,706,448 shares in the last quarter. Norges Bank bought a new position in New Senior Investment Group during the 4th quarter valued at about $3,042,000. Millennium Management LLC grew its holdings in New Senior Investment Group by 563.5% during the 4th quarter. Millennium Management LLC now owns 488,266 shares of the real estate investment trust’s stock valued at $2,012,000 after purchasing an additional 414,677 shares during the last quarter. PVG Asset Management Corp bought a new position in New Senior Investment Group during the 4th quarter valued at about $1,317,000. Finally, Geode Capital Management LLC grew its holdings in New Senior Investment Group by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 1,014,091 shares of the real estate investment trust’s stock valued at $4,177,000 after purchasing an additional 256,108 shares during the last quarter. 70.35% of the stock is owned by institutional investors.

New Senior Investment Group Company Profile

New Senior Investment Group Inc (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 December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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