New Senior Investment Group (NYSE:SNR) Price Target Raised to $6.25 at Morgan Stanley

New Senior Investment Group (NYSE:SNR) had its price objective upped by Morgan Stanley from $5.25 to $6.25 in a research note issued to investors on Tuesday morning, AnalystRatings.com reports. Morgan Stanley currently has an equal weight rating on the real estate investment trust’s stock.

SNR has been the subject of a number of other research reports. BTIG Research began coverage on New Senior Investment Group in a research note on Tuesday, July 16th. They set a buy rating and a $8.00 price objective for the company. ValuEngine lowered New Senior Investment Group from a buy rating to a hold rating in a research note on Thursday, August 1st. Robert W. Baird began coverage on New Senior Investment Group in a research note on Friday, May 31st. They set a neutral rating and a $7.00 price objective for the company. Finally, Zacks Investment Research upgraded New Senior Investment Group from a sell rating to a hold rating in a research note on Saturday, August 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $7.08.

Shares of NYSE SNR opened at $6.75 on Tuesday. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $7.26. The business has a 50 day moving average price of $6.44 and a two-hundred day moving average price of $6.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 8.00. The firm has a market cap of $546.16 million, a PE ratio of 11.84 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.52 dividend on an annualized basis and a yield of 7.70%. New Senior Investment Group’s dividend payout ratio (DPR) is presently 91.23%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new stake in New Senior Investment Group during the 2nd quarter valued at approximately $271,000. Susquehanna International Group LLP grew its stake in New Senior Investment Group by 255.7% during the 2nd quarter. Susquehanna International Group LLP now owns 105,638 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 75,938 shares in the last quarter. Schroder Investment Management Group bought a new position in New Senior Investment Group during the 2nd quarter worth approximately $39,000. Nuveen Asset Management LLC bought a new position in New Senior Investment Group during the 2nd quarter worth approximately $3,335,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in New Senior Investment Group by 7.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 61,658 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 4,471 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

New Senior Investment Group Company Profile

New Senior Investment Group Inc (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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