Eii Capital Management Inc. Trims Stock Position in Senior Housing Properties Trust (NASDAQ:SNH)

Eii Capital Management Inc. cut its holdings in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 35.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,576 shares of the real estate investment trust’s stock after selling 9,537 shares during the quarter. Eii Capital Management Inc.’s holdings in Senior Housing Properties Trust were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new stake in Senior Housing Properties Trust during the fourth quarter worth about $26,000. Oppenheimer Asset Management Inc. acquired a new stake in Senior Housing Properties Trust during the first quarter worth about $67,000. OLD Mission Capital LLC acquired a new stake in Senior Housing Properties Trust during the fourth quarter worth about $118,000. Two Sigma Securities LLC acquired a new stake in Senior Housing Properties Trust during the fourth quarter worth about $120,000. Finally, Virtu Financial LLC acquired a new stake in Senior Housing Properties Trust during the first quarter worth about $121,000. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Several equities research analysts have commented on SNH shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research note on Thursday, March 28th. B. Riley set a $14.00 price target on Senior Housing Properties Trust and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 16th. Finally, BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Senior Housing Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $14.40.

NASDAQ:SNH traded up $0.26 during trading hours on Tuesday, reaching $8.41. 1,610,572 shares of the stock were exchanged, compared to its average volume of 2,818,275. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $8.27. Senior Housing Properties Trust has a 52 week low of $7.49 and a 52 week high of $19.17. The firm has a market cap of $1.94 billion, a PE ratio of 5.29, a P/E/G ratio of 1.51 and a beta of 0.65.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $266.29 million during the quarter, compared to the consensus estimate of $268.21 million. Senior Housing Properties Trust had a return on equity of 0.59% and a net margin of 7.31%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Research analysts predict that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend is Friday, July 26th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 37.74%.

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.

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

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