Schroder Investment Management Group Purchases Shares of 5,850 New Senior Investment Group Inc (NYSE:SNR)

Schroder Investment Management Group purchased a new stake in shares of New Senior Investment Group Inc (NYSE:SNR) during the second quarter, Holdings Channel reports. The firm purchased 5,850 shares of the real estate investment trust’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in New Senior Investment Group by 1,632.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,810,986 shares of the real estate investment trust’s stock worth $9,870,000 after acquiring an additional 1,706,448 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of New Senior Investment Group during the 2nd quarter valued at about $11,200,000. Vanguard Group Inc. raised its position in shares of New Senior Investment Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,518,641 shares of the real estate investment trust’s stock valued at $84,125,000 after buying an additional 940,002 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of New Senior Investment Group by 110.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,591,530 shares of the real estate investment trust’s stock valued at $10,696,000 after buying an additional 834,710 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of New Senior Investment Group by 50.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,405,004 shares of the real estate investment trust’s stock valued at $9,442,000 after buying an additional 473,148 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

New Senior Investment Group stock opened at $6.66 on Friday. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.15 and a quick ratio of 1.15. New Senior Investment Group Inc has a 1-year low of $4.04 and a 1-year high of $7.26. The firm has a market capitalization of $553.62 million, a P/E ratio of 11.68 and a beta of 0.77. The company’s 50-day moving average is $6.43 and its 200 day moving average is $6.30.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend was Thursday, September 5th. New Senior Investment Group’s dividend payout ratio (DPR) is currently 91.23%.

Several brokerages have recently issued reports on SNR. BTIG Research began coverage on shares of New Senior Investment Group in a research report on Tuesday, July 16th. They set a “buy” rating and a $8.00 target price on the stock. Zacks Investment Research cut shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of New Senior Investment Group from $5.25 to $6.25 and gave the stock an “equal weight” rating in a research report on Tuesday, September 17th. Finally, ValuEngine lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.08.

About New Senior Investment Group

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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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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