Swiss National Bank Raises Position in New Senior Investment Group Inc. (SNR)

Swiss National Bank boosted its holdings in New Senior Investment Group Inc. (NYSE:SNR) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,016 shares of the real estate investment trust’s stock after buying an additional 8,500 shares during the quarter. Swiss National Bank owned approximately 0.17% of New Senior Investment Group worth $1,387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in New Senior Investment Group by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 13,324,636 shares of the real estate investment trust’s stock valued at $135,911,000 after buying an additional 574,341 shares during the last quarter. State Street Corp raised its holdings in New Senior Investment Group by 10.7% in the 1st quarter. State Street Corp now owns 1,888,604 shares of the real estate investment trust’s stock valued at $19,262,000 after buying an additional 182,694 shares during the last quarter. Renaissance Technologies LLC raised its holdings in New Senior Investment Group by 23.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,260,700 shares of the real estate investment trust’s stock valued at $12,859,000 after buying an additional 235,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in New Senior Investment Group by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,060,801 shares of the real estate investment trust’s stock valued at $10,820,000 after buying an additional 44,106 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in New Senior Investment Group by 4.8% in the 2nd quarter. Global X Management Co. LLC now owns 877,810 shares of the real estate investment trust’s stock valued at $8,822,000 after buying an additional 40,271 shares during the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.

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New Senior Investment Group Inc. (NYSE SNR) opened at 8.85 on Thursday. The firm’s 50-day moving average is $9.23 and its 200 day moving average is $9.79. The company’s market cap is $727.01 million. New Senior Investment Group Inc. has a 12-month low of $8.72 and a 12-month high of $10.97.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.04 annualized dividend and a yield of 11.75%. New Senior Investment Group’s payout ratio is currently -288.88%.

A number of brokerages recently issued reports on SNR. BidaskClub upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus restated a “hold” rating and set a $10.00 price target on shares of New Senior Investment Group in a report on Friday, July 14th. Zacks Investment Research upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Compass Point lowered shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $13.00 to $10.00 in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.67.

About New Senior Investment Group

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.

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

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