New Senior Investment Group Inc. (NYSE:SNR) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. increased its position in New Senior Investment Group Inc. (NYSE:SNR) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,324,636 shares of the real estate investment trust’s stock after buying an additional 574,341 shares during the period. Vanguard Group Inc. owned approximately 16.22% of New Senior Investment Group worth $135,911,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SNR. State Street Corp increased its stake in shares of New Senior Investment Group by 7.1% in the fourth quarter. State Street Corp now owns 1,705,910 shares of the real estate investment trust’s stock worth $16,702,000 after buying an additional 113,282 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of New Senior Investment Group by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,695 shares of the real estate investment trust’s stock worth $9,953,000 after buying an additional 88,067 shares in the last quarter. Norges Bank bought a new stake in shares of New Senior Investment Group during the fourth quarter worth about $9,128,000. Global X Management Co. LLC acquired a new stake in New Senior Investment Group during the first quarter valued at $8,543,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in New Senior Investment Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 790,812 shares of the real estate investment trust’s stock valued at $8,066,000 after buying an additional 11,650 shares during the last quarter. 67.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Senior Investment Group Inc. (NYSE SNR) traded down 1.20% on Friday, hitting $9.05. The stock had a trading volume of 777,273 shares. The firm has a 50-day moving average of $9.89 and a 200 day moving average of $10.04. New Senior Investment Group Inc. has a 1-year low of $8.82 and a 1-year high of $12.68. The company’s market capitalization is $743.44 million.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $114.29 million for the quarter, compared to the consensus estimate of $114.70 million. New Senior Investment Group had a negative net margin of 6.41% and a negative return on equity of 5.28%. During the same quarter last year, the company earned $0.32 EPS. On average, equities analysts anticipate that New Senior Investment Group Inc. will post ($0.64) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.04 annualized dividend and a yield of 11.49%. New Senior Investment Group’s payout ratio is presently -288.88%.

TRADEMARK VIOLATION WARNING: “New Senior Investment Group Inc. (NYSE:SNR) Stake Boosted by Vanguard Group Inc.” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/19/vanguard-group-inc-has-135-91-million-position-in-new-senior-investment-group-inc-nysesnr-updated-updated-updated.html.

SNR has been the subject of several recent analyst reports. Canaccord Genuity restated a “buy” rating on shares of New Senior Investment Group in a research note on Friday, May 5th. Zacks Investment Research cut New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd. Stifel Nicolaus cut their target price on New Senior Investment Group from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, May 12th. Finally, BidaskClub cut New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.67.

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.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

What are top analysts saying about New Senior Investment Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for New Senior Investment Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit