New Senior Investment Group (NYSE:SNR) Stock Rating Upgraded by Capital One Financial

Capital One Financial upgraded shares of New Senior Investment Group (NYSE:SNR) from an equal weight rating to an overweight rating in a research report report published on Monday morning, Benzinga’s Daily Ratings Newsletter reports. They currently have $8.50 target price on the real estate investment trust’s stock, up from their prior target price of $7.50. Capital One Financial also issued estimates for New Senior Investment Group’s Q3 2020 earnings at $0.15 EPS, FY2020 earnings at $0.62 EPS and FY2021 earnings at $0.64 EPS.

SNR has been the topic of several other reports. Morgan Stanley lifted their price target on New Senior Investment Group from $5.25 to $6.25 and gave the company an equal weight rating in a research report on Tuesday, September 17th. ValuEngine lowered New Senior Investment Group from a buy rating to a hold rating in a research report on Thursday, August 1st. BTIG Research started coverage on New Senior Investment Group in a research report on Tuesday, July 16th. They set a buy rating and a $8.00 price target on the stock. Finally, Zacks Investment Research upgraded New Senior Investment Group from a sell rating to a hold rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.44.

Shares of SNR traded down $0.09 during mid-day trading on Monday, hitting $7.52. 411,217 shares of the company’s stock traded hands, compared to its average volume of 491,395. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 8.00. New Senior Investment Group has a 1 year low of $4.04 and a 1 year high of $8.11. The firm has a market capitalization of $655.87 million, a P/E ratio of 13.19 and a beta of 0.78. The business’s 50-day moving average price is $6.95 and its 200-day moving average price is $6.61.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNR. First Trust Advisors LP boosted its position in shares of New Senior Investment Group by 1.0% during the first quarter. First Trust Advisors LP now owns 162,211 shares of the real estate investment trust’s stock valued at $884,000 after purchasing an additional 1,639 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of New Senior Investment Group during the second quarter valued at approximately $75,000. Nisa Investment Advisors LLC boosted its position in shares of New Senior Investment Group by 15.4% during the second quarter. Nisa Investment Advisors LLC now owns 23,754 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 3,164 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in New Senior Investment Group by 31.4% in the second quarter. State of Alaska Department of Revenue now owns 32,183 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 7,686 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in New Senior Investment Group in the second quarter worth $431,000. Institutional investors own 73.70% of the company’s stock.

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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