A number of other brokerages have also commented on SNR. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the stock a buy rating in a research note on Thursday, March 28th. Robert W. Baird assumed coverage on shares of New Senior Investment Group in a research report on Friday, May 31st. They set a neutral rating and a $7.00 target price for the company.
Shares of SNR stock traded down $0.02 during trading hours on Thursday, reaching $6.94. The company had a trading volume of 3,136 shares, compared to its average volume of 558,781. The business has a fifty day moving average of $6.67. New Senior Investment Group has a one year low of $4.04 and a one year high of $7.63. The firm has a market capitalization of $578.58 million, a price-to-earnings ratio of 12.21 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 7.22.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.52 annualized dividend and a yield of 7.49%. New Senior Investment Group’s dividend payout ratio (DPR) is 91.23%.
A number of hedge funds and other institutional investors have recently made changes to their positions in SNR. Campbell & CO Investment Adviser LLC purchased a new position in shares of New Senior Investment Group in the 2nd quarter valued at approximately $75,000. First Trust Advisors LP boosted its stake in New Senior Investment Group by 1.0% during the 1st quarter. First Trust Advisors LP now owns 162,211 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 1,639 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in New Senior Investment Group during the 1st quarter worth $97,000. Evergreen Capital Management LLC acquired a new stake in New Senior Investment Group during the 1st quarter worth $75,000. Finally, Cutler Group LP boosted its stake in New Senior Investment Group by 92.0% during the 1st quarter. Cutler Group LP now owns 6,677 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 70.35% 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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