New Senior Investment Group Inc (SNR) Plans Quarterly Dividend of $0.13

New Senior Investment Group Inc (NYSE:SNR) declared a quarterly dividend on Monday, October 29th, Zacks reports. Shareholders of record on Friday, December 7th will be paid a dividend of 0.13 per share by the real estate investment trust on Friday, December 21st. This represents a $0.52 annualized dividend and a yield of 9.79%. The ex-dividend date is Thursday, December 6th.

New Senior Investment Group has a dividend payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect New Senior Investment Group to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 85.2%.

Shares of SNR opened at $5.31 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 5.14. New Senior Investment Group has a 52-week low of $5.16 and a 52-week high of $8.89. The firm has a market capitalization of $427.17 million, a price-to-earnings ratio of 4.66 and a beta of 0.40.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.06). New Senior Investment Group had a negative net margin of 9.06% and a negative return on equity of 8.87%. The business had revenue of $117.76 million during the quarter. On average, equities research analysts forecast that New Senior Investment Group will post 0.22 earnings per share for the current year.

Several equities analysts have issued reports on SNR shares. ValuEngine upgraded New Senior Investment Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Morgan Stanley upgraded New Senior Investment Group from an “underweight” rating to an “equal weight” rating and set a $6.00 price objective for the company in a research report on Monday, October 29th.

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New Senior Investment Group Company Profile

New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of September 30, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Dividend History for New Senior Investment Group (NYSE:SNR)

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