New Senior Investment Group Inc. (SNR) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its position in New Senior Investment Group Inc. (NYSE:SNR) by 30.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,178 shares of the real estate investment trust’s stock after selling 98,728 shares during the period. TIAA CREF Investment Management LLC owned about 0.27% of New Senior Investment Group worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. lifted its position in New Senior Investment Group by 0.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 53,400 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 200 shares during the period. BTC Capital Management Inc. lifted its position in New Senior Investment Group by 10.0% in the second quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,039 shares during the period. Legal & General Group Plc lifted its position in New Senior Investment Group by 0.7% in the first quarter. Legal & General Group Plc now owns 189,054 shares of the real estate investment trust’s stock valued at $1,928,000 after purchasing an additional 1,335 shares during the period. Nisa Investment Advisors LLC lifted its position in New Senior Investment Group by 4.7% in the second quarter. Nisa Investment Advisors LLC now owns 38,200 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,700 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in New Senior Investment Group by 4.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 61,558 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 2,475 shares during the period. Hedge funds and other institutional investors own 64.13% of the company’s stock.

Shares of New Senior Investment Group Inc. (NYSE SNR) opened at 8.90 on Tuesday. The firm’s market cap is $731.12 million. The company has a 50-day moving average of $9.07 and a 200-day moving average of $9.67. New Senior Investment Group Inc. has a 12 month low of $8.63 and a 12 month high of $10.82.

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

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A number of equities research analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $10.00 price objective on shares of New Senior Investment Group in a research report on Friday, July 14th. BidaskClub downgraded shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 22nd. Finally, Compass Point downgraded shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $13.00 to $10.00 in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.67.

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)

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