Brokerages Set Senior Housing Properties Trust (SNH) Target Price at $20.93

Senior Housing Properties Trust (NYSE:SNH) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.07.

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $21.00 price objective on shares of Senior Housing Properties Trust in a research note on Friday. BidaskClub lowered Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price objective on shares of Senior Housing Properties Trust in a research note on Tuesday, October 3rd. Finally, UBS AG reduced their price objective on Senior Housing Properties Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd.

Several large investors have recently made changes to their positions in SNH. JPMorgan Chase & Co. raised its holdings in shares of Senior Housing Properties Trust by 58.8% during the second quarter. JPMorgan Chase & Co. now owns 5,728,923 shares of the company’s stock worth $117,099,000 after acquiring an additional 2,121,030 shares in the last quarter. LSV Asset Management increased its position in Senior Housing Properties Trust by 11.4% during the second quarter. LSV Asset Management now owns 9,219,850 shares of the company’s stock worth $188,453,000 after buying an additional 946,324 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Senior Housing Properties Trust by 18.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,672,493 shares of the company’s stock worth $95,506,000 after buying an additional 733,975 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Senior Housing Properties Trust by 55.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,018,763 shares of the company’s stock worth $41,263,000 after buying an additional 720,980 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in Senior Housing Properties Trust by 2,239.1% during the second quarter. Balyasny Asset Management LLC now owns 636,245 shares of the company’s stock worth $13,005,000 after buying an additional 609,045 shares during the last quarter.

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Shares of Senior Housing Properties Trust (NYSE SNH) traded up $0.01 during midday trading on Thursday, reaching $18.56. The company’s stock had a trading volume of 1,470,097 shares.

Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $265.01 million for the quarter, compared to the consensus estimate of $260.72 million. Senior Housing Properties Trust had a net margin of 6.43% and a return on equity of 2.01%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, October 20th. This represents a $1.56 annualized dividend and a dividend yield of 8.41%.

Senior Housing Properties Trust Company Profile

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

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