Senior Housing Properties Trust (SNH) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sell rating to a hold rating in a research note released on Thursday.

According to Zacks, “Senior Housing Properties Trust is a Maryland real estate investment trust that invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use. “

Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a buy rating on shares of Senior Housing Properties Trust in a report on Wednesday, November 1st. BidaskClub upgraded Senior Housing Properties Trust from a hold rating to a buy rating in a report on Wednesday, September 6th. Morgan Stanley lifted their target price on Senior Housing Properties Trust from $18.50 to $19.50 and gave the stock an equal weight rating in a report on Monday, September 25th. Royal Bank Of Canada reiterated a hold rating and issued a $20.00 target price on shares of Senior Housing Properties Trust in a report on Wednesday, September 13th. Finally, UBS dropped their target price on Senior Housing Properties Trust from $20.00 to $19.00 and set a neutral rating for the company in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $21.31.

Senior Housing Properties Trust (NASDAQ SNH) opened at $19.39 on Thursday. The firm has a market capitalization of $4,607.65, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 3.49 and a beta of 0.47. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.33 and a current ratio of 1.33. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $22.52.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Thursday, November 9th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The company had revenue of $266.68 million during the quarter, compared to analysts’ expectations of $266.23 million. Senior Housing Properties Trust had a return on equity of 3.79% and a net margin of 11.72%. Senior Housing Properties Trust’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. equities research analysts expect that Senior Housing Properties Trust will post 1.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend was Friday, October 20th. Senior Housing Properties Trust’s payout ratio is currently 294.34%.

A number of institutional investors and hedge funds have recently bought and sold shares of SNH. Sterling Capital Management LLC purchased a new position in Senior Housing Properties Trust during the 3rd quarter valued at $2,308,000. AMP Capital Investors Ltd boosted its holdings in Senior Housing Properties Trust by 301.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 146,975 shares of the real estate investment trust’s stock valued at $2,874,000 after acquiring an additional 110,400 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Senior Housing Properties Trust by 28.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 476,998 shares of the real estate investment trust’s stock valued at $9,325,000 after acquiring an additional 105,470 shares during the period. AXA boosted its holdings in Senior Housing Properties Trust by 28.3% during the 3rd quarter. AXA now owns 305,527 shares of the real estate investment trust’s stock valued at $5,973,000 after acquiring an additional 67,429 shares during the period. Finally, Eii Capital Management Inc. purchased a new position in Senior Housing Properties Trust during the 3rd quarter valued at $1,156,000. Institutional investors own 73.76% of the company’s stock.

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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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