Zacks: Brokerages Anticipate Senior Housing Properties Trust (SNH) Will Post Quarterly Sales of $272.37 Million

Equities analysts predict that Senior Housing Properties Trust (NASDAQ:SNH) will announce sales of $272.37 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Senior Housing Properties Trust’s earnings. The lowest sales estimate is $266.38 million and the highest is $278.58 million. Senior Housing Properties Trust posted sales of $264.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is scheduled to issue its next earnings report on Friday, May 4th.

On average, analysts expect that Senior Housing Properties Trust will report full-year sales of $272.37 million for the current year, with estimates ranging from $1.08 billion to $1.13 billion. For the next year, analysts forecast that the company will post sales of $1.12 billion per share, with estimates ranging from $1.11 billion to $1.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). Senior Housing Properties Trust had a net margin of 13.73% and a return on equity of 4.43%. The business had revenue of $278.57 million during the quarter, compared to analyst estimates of $277.99 million. During the same period last year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis.



A number of research firms have issued reports on SNH. BidaskClub raised shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Robert W. Baird reissued a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of Senior Housing Properties Trust in a research note on Friday, January 5th. B. Riley set a $24.00 target price on shares of Senior Housing Properties Trust and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, ValuEngine lowered shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.45.

Hedge funds have recently added to or reduced their stakes in the business. Certified Advisory Corp bought a new stake in shares of Senior Housing Properties Trust in the 4th quarter worth approximately $100,000. Mycio Wealth Partners LLC bought a new stake in shares of Senior Housing Properties Trust in the 4th quarter worth approximately $199,000. Greenleaf Trust bought a new stake in shares of Senior Housing Properties Trust in the 4th quarter worth approximately $219,000. Jane Street Group LLC bought a new stake in shares of Senior Housing Properties Trust in the 4th quarter worth approximately $220,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Senior Housing Properties Trust in the 4th quarter worth approximately $229,000. Institutional investors own 75.04% of the company’s stock.

Shares of NASDAQ SNH traded up $0.04 during midday trading on Tuesday, hitting $15.17. The company’s stock had a trading volume of 409,700 shares, compared to its average volume of 1,454,424. Senior Housing Properties Trust has a 1-year low of $14.90 and a 1-year high of $22.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $3,676.07, a PE ratio of 9.57, a price-to-earnings-growth ratio of 2.35 and a beta of 0.41.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/04/13/zacks-brokerages-anticipate-senior-housing-properties-trust-snh-will-post-quarterly-sales-of-272-37-million.html.

About Senior Housing Properties Trust

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

Get a free copy of the Zacks research report on Senior Housing Properties Trust (SNH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Senior Housing Properties Trust (NASDAQ:SNH)

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply