Senior Housing Properties Trust (NASDAQ:SNH) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a hold rating to a buy rating in a research report sent to investors on Saturday, Zacks.com reports. They currently have $9.75 price target on the real estate investment trust’s stock.

According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “

SNH has been the topic of several other research reports. BidaskClub raised Senior Housing Properties Trust from a sell rating to a hold rating in a research report on Friday, August 16th. ValuEngine raised Senior Housing Properties Trust from a hold rating to a buy rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Senior Housing Properties Trust presently has an average rating of Hold and an average price target of $13.35.

Shares of NASDAQ:SNH opened at $8.66 on Friday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 1.67 and a beta of 0.65. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.24. Senior Housing Properties Trust has a 12-month low of $7.49 and a 12-month high of $19.17. The business’s 50 day moving average is $8.50 and its 200 day moving average is $9.68.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.27. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations 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%. Senior Housing Properties Trust’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, equities research analysts expect that Senior Housing Properties Trust will post 1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 29th were given a $0.15 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.60 annualized dividend and a yield of 6.93%. Senior Housing Properties Trust’s dividend payout ratio is currently 37.74%.

A number of hedge funds have recently bought and sold shares of SNH. AGF Investments LLC raised its stake in shares of Senior Housing Properties Trust by 80.8% in the second quarter. AGF Investments LLC now owns 3,066 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,370 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Senior Housing Properties Trust in the second quarter valued at $33,000. Cedar Wealth Management LLC raised its stake in shares of Senior Housing Properties Trust by 70.0% in the second quarter. Cedar Wealth Management LLC now owns 4,857 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,000 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Senior Housing Properties Trust in the first quarter valued at $67,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Senior Housing Properties Trust in the second quarter valued at $51,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.

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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