New Senior Investment Group (NYSE:SNR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning, Zacks.com reports. They currently have $8.50 price objective on the real estate investment trust’s stock.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

SNR has been the topic of a number of other reports. Capital One Financial raised shares of New Senior Investment Group from an equal weight rating to an overweight rating and lifted their target price for the company from $7.50 to $8.50 in a report on Monday, November 4th. ValuEngine cut shares of New Senior Investment Group from a buy rating to a hold rating in a report on Thursday, August 1st. BTIG Research initiated coverage on shares of New Senior Investment Group in a report on Tuesday, July 16th. They issued a buy rating and a $8.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of New Senior Investment Group from $5.25 to $6.25 and gave the company an equal weight rating in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. New Senior Investment Group currently has an average rating of Buy and a consensus target price of $7.65.

Shares of New Senior Investment Group stock traded down $0.09 during trading on Friday, reaching $7.52. The company’s stock had a trading volume of 408,240 shares, compared to its average volume of 491,395. The company has a 50-day moving average price of $6.95 and a two-hundred day moving average price of $6.61. The firm has a market cap of $655.87 million, a PE ratio of 13.19 and a beta of 0.78. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $8.11. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 8.00.

Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings in shares of New Senior Investment Group by 50.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,405,004 shares of the real estate investment trust’s stock valued at $9,442,000 after acquiring an additional 473,148 shares during the period. JPMorgan Chase & Co. grew its position in New Senior Investment Group by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,946,340 shares of the real estate investment trust’s stock valued at $13,158,000 after buying an additional 135,354 shares during the last quarter. Susquehanna International Group LLP grew its position in New Senior Investment Group by 255.7% in 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 buying an additional 75,938 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in New Senior Investment Group in the 2nd quarter valued at $1,076,000. Finally, Westpac Banking Corp purchased a new position in New Senior Investment Group in the 2nd quarter valued at $2,001,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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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