Oppenheimer Asset Management Inc. Takes Position in Senior Housing Properties Trust (SNH)

Oppenheimer Asset Management Inc. acquired a new stake in Senior Housing Properties Trust (NASDAQ:SNH) during the 1st quarter, Holdings Channel reports. The fund acquired 5,653 shares of the real estate investment trust’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Senior Housing Properties Trust by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 2,572,169 shares of the real estate investment trust’s stock valued at $45,167,000 after buying an additional 258,024 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Senior Housing Properties Trust by 13.4% in the third quarter. AQR Capital Management LLC now owns 138,309 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 16,299 shares in the last quarter. Morgan Stanley boosted its stake in shares of Senior Housing Properties Trust by 4.4% in the third quarter. Morgan Stanley now owns 7,046,976 shares of the real estate investment trust’s stock valued at $123,746,000 after buying an additional 297,136 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Senior Housing Properties Trust by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 308,231 shares of the real estate investment trust’s stock worth $3,612,000 after purchasing an additional 1,122 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Senior Housing Properties Trust by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 102,124 shares of the real estate investment trust’s stock worth $1,195,000 after purchasing an additional 1,871 shares during the last quarter. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on SNH. BidaskClub raised Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. ValuEngine raised Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a report on Monday, April 15th. Zacks Investment Research cut Senior Housing Properties Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. B. Riley set a $14.00 price objective on Senior Housing Properties Trust and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada cut Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 price objective for the company. in a report on Tuesday, April 2nd. Six analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Senior Housing Properties Trust currently has an average rating of “Hold” and an average target price of $14.40.



Shares of SNH stock opened at $8.26 on Tuesday. The firm has a market cap of $1.94 billion, a P/E ratio of 5.19, a PEG ratio of 2.65 and a beta of 0.68. Senior Housing Properties Trust has a 1 year low of $7.77 and a 1 year high of $19.17. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 1.20.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Senior Housing Properties Trust had a return on equity of 0.59% and a net margin of 7.31%. The firm had revenue of $266.29 million for the quarter, compared to analyst estimates of $268.21 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts predict that Senior Housing Properties Trust will post 1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.26%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 37.74%.

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Senior Housing Properties Trust Company Profile

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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