Zacks Investment Research Lowers New Senior Investment Group (SNR) to Hold

New Senior Investment Group (NYSE:SNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Separately, Morgan Stanley dropped their price target on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.19.

New Senior Investment Group (SNR) traded down $0.02 during trading hours on Tuesday, hitting $7.18. The company had a trading volume of 295,382 shares, compared to its average volume of 594,031. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.82 and a quick ratio of 1.82. New Senior Investment Group has a 12-month low of $7.07 and a 12-month high of $10.82. The stock has a market capitalization of $615.29, a PE ratio of -24.76 and a beta of 0.84.

New Senior Investment Group (NYSE:SNR) last released its earnings results on Friday, November 3rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.47). New Senior Investment Group had a negative return on equity of 4.49% and a negative net margin of 5.25%. research analysts predict that New Senior Investment Group will post 1.12 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. lifted its stake in shares of New Senior Investment Group by 67.3% in the 3rd quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after purchasing an additional 214,230 shares during the last quarter. Ranger Global Real Estate Advisors LLC lifted its stake in shares of New Senior Investment Group by 4.9% during the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 535,569 shares of the real estate investment trust’s stock worth $4,900,000 after acquiring an additional 25,000 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of New Senior Investment Group by 152.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 269,767 shares of the real estate investment trust’s stock worth $2,468,000 after acquiring an additional 163,055 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of New Senior Investment Group by 48.7% during the 2nd quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 22,090 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of New Senior Investment Group by 1.6% during the 2nd quarter. State Street Corp now owns 1,919,581 shares of the real estate investment trust’s stock worth $19,287,000 after acquiring an additional 30,977 shares during the last quarter. 67.40% of the stock is owned by institutional investors.

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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.

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