Senior Housing Properties Trust (SNH) Stake Lessened by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its stake in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 75.9% during the third quarter, HoldingsChannel.com reports. The fund owned 20,661 shares of the real estate investment trust’s stock after selling 65,036 shares during the quarter. Neuberger Berman Group LLC’s holdings in Senior Housing Properties Trust were worth $363,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SNH. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in Senior Housing Properties Trust by 27.4% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 277,822 shares of the real estate investment trust’s stock valued at $4,879,000 after buying an additional 59,800 shares during the period. AQR Capital Management LLC grew its position in Senior Housing Properties Trust by 13.4% during the third quarter. AQR Capital Management LLC now owns 138,309 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 16,299 shares during the period. Macquarie Group Ltd. grew its position in Senior Housing Properties Trust by 14.6% during the third quarter. Macquarie Group Ltd. now owns 216,800 shares of the real estate investment trust’s stock valued at $3,807,000 after buying an additional 27,600 shares during the period. Mackenzie Financial Corp bought a new position in Senior Housing Properties Trust during the third quarter valued at about $8,146,000. Finally, Verition Fund Management LLC grew its position in Senior Housing Properties Trust by 9.0% during the third quarter. Verition Fund Management LLC now owns 44,076 shares of the real estate investment trust’s stock valued at $774,000 after buying an additional 3,633 shares during the period. Institutional investors own 72.69% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 27th. FBR & Co set a $24.00 target price on shares of Senior Housing Properties Trust and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Wells Fargo & Co upgraded shares of Senior Housing Properties Trust from a “market perform” rating to an “outperform” rating in a research report on Monday, December 3rd. Finally, Jefferies Financial Group lowered shares of Senior Housing Properties Trust from a “hold” rating to an “underperform” rating in a research report on Friday, November 16th. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.75.

Shares of NASDAQ:SNH opened at $12.74 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.49 and a quick ratio of 4.49. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.64. Senior Housing Properties Trust has a twelve month low of $11.13 and a twelve month high of $19.17.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its earnings results 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). The business had revenue of $279.00 million for the quarter, compared to the consensus estimate of $279.10 million. Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. Senior Housing Properties Trust’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Analysts predict that Senior Housing Properties Trust will post 1.54 EPS for the current fiscal year.

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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: Certificate of Deposit (CD) For Risk Adverse Investors?

Want to see what other hedge funds are holding SNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Senior Housing Properties Trust (NASDAQ:SNH).

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

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