Senior Housing Properties Trust (SNH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Senior Housing Properties Trust (NASDAQ:SNH) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,699 shares of the real estate investment trust’s stock after selling 14,059 shares during the quarter. Rhumbline Advisers’ holdings in Senior Housing Properties Trust were worth $7,651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of Senior Housing Properties Trust in the 3rd quarter valued at about $126,000. Qube Research & Technologies Ltd acquired a new stake in Senior Housing Properties Trust during the 2nd quarter worth approximately $184,000. CIBC Asset Management Inc acquired a new stake in Senior Housing Properties Trust during the 2nd quarter worth approximately $185,000. Keybank National Association OH acquired a new stake in Senior Housing Properties Trust during the 2nd quarter worth approximately $191,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Senior Housing Properties Trust during the 2nd quarter worth approximately $197,000. 74.51% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on SNH. BidaskClub cut Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. B. Riley decreased their price objective on Senior Housing Properties Trust from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, November 12th. ValuEngine cut Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, Zacks Investment Research raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Seven research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.

Senior Housing Properties Trust stock opened at $13.76 on Friday. Senior Housing Properties Trust has a twelve month low of $13.06 and a twelve month high of $19.98. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 1.09. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 2.31 and a beta of 0.45.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The company had revenue of $279.00 million for the quarter, compared to analyst estimates of $279.10 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that Senior Housing Properties Trust will post 1.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, October 29th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date was Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 98.73%.

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About Senior Housing Properties Trust

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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