Senior Housing Properties Trust (NASDAQ:SNH) Sees Large Increase in Short Interest

Senior Housing Properties Trust (NASDAQ:SNH) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 7,036,500 shares, a growth of 34.6% from the July 31st total of 5,226,800 shares. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is currently 2.5 days. Currently, 3.0% of the shares of the company are sold short.

Senior Housing Properties Trust stock traded down $0.01 during midday trading on Thursday, hitting $8.89. 1,647,400 shares of the company were exchanged, compared to its average volume of 2,562,670. The firm has a market capitalization of $2.12 billion, a PE ratio of 5.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.62. Senior Housing Properties Trust has a fifty-two week low of $7.49 and a fifty-two week high of $19.15. The business has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $9.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.41 and a current ratio of 2.41.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $256.11 million. During the same period last year, the company earned $0.52 earnings per share. Senior Housing Properties Trust’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts expect that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Friday, July 26th. Senior Housing Properties Trust’s payout ratio is currently 37.74%.

Several analysts recently commented on SNH shares. Morgan Stanley started coverage on Senior Housing Properties Trust in a report on Friday, September 6th. They set an “equal weight” rating and a $8.50 target price on the stock. Zacks Investment Research raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Saturday, August 17th. BidaskClub lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, ValuEngine raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Senior Housing Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $12.85.

Institutional investors and hedge funds have recently modified their holdings of the business. AGF Investments LLC grew its holdings in Senior Housing Properties Trust by 80.8% in the second quarter. AGF Investments LLC now owns 3,066 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,370 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Senior Housing Properties Trust in the second quarter valued at approximately $33,000. Cedar Wealth Management LLC grew its holdings in Senior Housing Properties Trust by 70.0% in the second quarter. Cedar Wealth Management LLC now owns 4,857 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,000 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Senior Housing Properties Trust in the second quarter valued at approximately $51,000. Finally, US Bancorp DE grew its holdings in Senior Housing Properties Trust by 30.8% in the second quarter. US Bancorp DE now owns 9,013 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,120 shares during the period. 73.04% of the stock is currently owned by institutional investors.

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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