Neuburgh Advisers LLC Sells 209,576 Shares of Senior Housing Properties Trust (NASDAQ:SNH)

Neuburgh Advisers LLC reduced its position in Senior Housing Properties Trust (NASDAQ:SNH) by 81.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,172 shares of the real estate investment trust’s stock after selling 209,576 shares during the quarter. Neuburgh Advisers LLC’s holdings in Senior Housing Properties Trust were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Senior Housing Properties Trust by 24.8% in the first quarter. First Trust Advisors LP now owns 957,879 shares of the real estate investment trust’s stock valued at $11,284,000 after acquiring an additional 190,404 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Senior Housing Properties Trust by 78.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 282,471 shares of the real estate investment trust’s stock valued at $2,336,000 after purchasing an additional 124,290 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Senior Housing Properties Trust by 12.3% during the first quarter. Riverhead Capital Management LLC now owns 188,109 shares of the real estate investment trust’s stock valued at $2,216,000 after purchasing an additional 20,650 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Senior Housing Properties Trust during the second quarter worth approximately $51,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Senior Housing Properties Trust during the second quarter worth approximately $159,000. Institutional investors own 73.04% of the company’s stock.

Shares of NASDAQ SNH traded down $0.01 during mid-day trading on Thursday, hitting $8.89. The stock had a trading volume of 108,373 shares, compared to its average volume of 2,567,901. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.41 and a current ratio of 2.41. Senior Housing Properties Trust has a 1 year low of $7.49 and a 1 year high of $19.15. The business has a 50 day moving average price of $8.55 and a two-hundred day moving average price of $9.09. The firm has a market cap of $2.12 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.62.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. Senior Housing Properties Trust had a negative net margin of 7.31% and a negative return on equity of 4.45%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $256.11 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts predict that Senior Housing Properties Trust will post 1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, July 26th. Senior Housing Properties Trust’s payout ratio is 37.74%.

SNH has been the topic of several research reports. Morgan Stanley initiated coverage on shares of Senior Housing Properties Trust in a research note on Friday, September 6th. They set an “equal weight” rating and a $8.50 price target on the stock. ValuEngine raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Saturday, August 17th. Finally, BidaskClub downgraded shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Senior Housing Properties Trust currently has a consensus rating of “Hold” and an average target price of $12.85.

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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