Senior Housing Properties Trust (NASDAQ:SNH) Upgraded at BidaskClub

BidaskClub upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sell rating to a hold rating in a research note issued to investors on Friday morning, BidAskClub reports.

A number of other research firms have also commented on SNH. Zacks Investment Research raised Senior Housing Properties Trust from a strong sell rating to a hold rating in a report on Tuesday, July 16th. ValuEngine raised Senior Housing Properties Trust from a hold rating to a buy rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $13.35.

Shares of Senior Housing Properties Trust stock traded up $0.25 on Friday, reaching $8.99. The company’s stock had a trading volume of 1,354,400 shares, compared to its average volume of 1,878,311. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 5.65, a P/E/G ratio of 1.63 and a beta of 0.65. The firm’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $9.72. Senior Housing Properties Trust has a 52 week low of $7.49 and a 52 week high of $19.17. The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 1.24.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.27. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $256.11 million. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. As a group, research analysts predict that Senior Housing Properties Trust will post 1.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, July 26th. Senior Housing Properties Trust’s payout ratio is currently 37.74%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Senior Housing Properties Trust by 8.7% in the second quarter. BlackRock Inc. now owns 30,943,730 shares of the real estate investment trust’s stock worth $255,906,000 after acquiring an additional 2,467,902 shares during the period. LSV Asset Management lifted its position in Senior Housing Properties Trust by 3.5% during the first quarter. LSV Asset Management now owns 10,664,177 shares of the real estate investment trust’s stock valued at $125,624,000 after purchasing an additional 357,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Senior Housing Properties Trust by 16.9% during the second quarter. Bank of New York Mellon Corp now owns 4,963,444 shares of the real estate investment trust’s stock valued at $41,048,000 after purchasing an additional 717,738 shares in the last quarter. Geode Capital Management LLC lifted its position in Senior Housing Properties Trust by 18.4% during the fourth quarter. Geode Capital Management LLC now owns 4,316,383 shares of the real estate investment trust’s stock valued at $50,712,000 after purchasing an additional 672,282 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Senior Housing Properties Trust by 21.8% during the second quarter. Prudential Financial Inc. now owns 4,260,516 shares of the real estate investment trust’s stock valued at $35,235,000 after purchasing an additional 761,872 shares in the last quarter. 70.06% of the stock is owned by institutional investors.

Senior Housing Properties Trust Company Profile

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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Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

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