Senior Housing Properties Trust (NASDAQ:SNH) Short Interest Update

Senior Housing Properties Trust (NASDAQ:SNH) was the target of a significant drop in short interest during the month of November. As of November 29th, there was short interest totalling 4,390,000 shares, a drop of 24.4% from the November 14th total of 5,810,000 shares. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is presently 2.8 days. Approximately 1.9% of the shares of the company are sold short.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Morgan Stanley started coverage on shares of Senior Housing Properties Trust in a research report on Friday, September 6th. They set an “equal weight” rating and a $8.50 target price on the stock. BidaskClub downgraded Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. ValuEngine downgraded Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America started coverage on Senior Housing Properties Trust in a report on Monday, October 14th. They set an “underperform” rating for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.85.

Shares of NASDAQ SNH traded down $0.11 during mid-day trading on Thursday, hitting $7.44. 48,968 shares of the company were exchanged, compared to its average volume of 1,675,614. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $8.49. Senior Housing Properties Trust has a 1-year low of $7.05 and a 1-year high of $14.31. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 4.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.50.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.06%. The ex-dividend date was Friday, October 25th. Senior Housing Properties Trust’s dividend payout ratio is presently 37.74%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Senior Housing Properties Trust by 8.7% during the second quarter. BlackRock Inc. now owns 30,943,730 shares of the real estate investment trust’s stock worth $255,906,000 after purchasing an additional 2,467,902 shares during the period. Bank of New York Mellon Corp lifted its holdings in Senior Housing Properties Trust by 16.9% in the second quarter. Bank of New York Mellon Corp now owns 4,963,444 shares of the real estate investment trust’s stock valued at $41,048,000 after acquiring an additional 717,738 shares during the period. Prudential Financial Inc. lifted its holdings in Senior Housing Properties Trust by 21.8% in the second quarter. Prudential Financial Inc. now owns 4,260,516 shares of the real estate investment trust’s stock valued at $35,235,000 after acquiring an additional 761,872 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Senior Housing Properties Trust by 12.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,602,927 shares of the real estate investment trust’s stock valued at $29,797,000 after acquiring an additional 398,333 shares during the period. Finally, Northern Trust Corp lifted its holdings in Senior Housing Properties Trust by 3.7% in the second quarter. Northern Trust Corp now owns 3,463,831 shares of the real estate investment trust’s stock valued at $28,645,000 after acquiring an additional 123,707 shares during the period. 73.00% of the stock is owned by hedge funds and other institutional investors.

About Senior Housing Properties Trust

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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