New Senior Investment Group (SNR) Raised to Equal Weight at Morgan Stanley

New Senior Investment Group (NYSE:SNR) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has a $6.00 price objective on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential upside of 2.39% from the stock’s previous close.

SNR has been the topic of a number of other research reports. ValuEngine upgraded shares of New Senior Investment Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st.

Shares of NYSE SNR traded up $0.10 during midday trading on Monday, reaching $5.86. The stock had a trading volume of 327,109 shares, compared to its average volume of 452,160. The company has a market capitalization of $460.86 million, a P/E ratio of 5.14 and a beta of 0.43. New Senior Investment Group has a twelve month low of $5.50 and a twelve month high of $9.00. The company has a debt-to-equity ratio of 4.75, a quick ratio of 3.98 and a current ratio of 3.98.



New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.30). The firm had revenue of $108.85 million during the quarter. New Senior Investment Group had a negative return on equity of 7.11% and a negative net margin of 7.82%. During the same quarter in the prior year, the business earned $0.29 EPS.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of New Senior Investment Group by 90.3% in the 2nd quarter. SG Americas Securities LLC now owns 26,508 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 12,575 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of New Senior Investment Group by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,358,200 shares of the real estate investment trust’s stock worth $32,992,000 after buying an additional 574,800 shares during the last quarter. Rational Advisors LLC boosted its holdings in shares of New Senior Investment Group by 65.6% in the 2nd quarter. Rational Advisors LLC now owns 113,640 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 45,010 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of New Senior Investment Group by 177.2% in the 1st quarter. JPMorgan Chase & Co. now owns 209,457 shares of the real estate investment trust’s stock worth $1,713,000 after buying an additional 133,908 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of New Senior Investment Group by 7.7% in the 1st quarter. Legal & General Group Plc now owns 254,831 shares of the real estate investment trust’s stock worth $2,084,000 after buying an additional 18,120 shares during the last quarter. 66.34% of the stock is currently owned by institutional investors.

About New Senior Investment Group

New Senior Investment Group (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 March 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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