Senior Housing Properties Trust (NASDAQ:SNH) Cut to Hold at ValuEngine

ValuEngine cut shares of Senior Housing Properties Trust (NASDAQ:SNH) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

A number of other research firms have also commented on SNH. BidaskClub raised shares of Senior Housing Properties Trust from a hold rating to a buy rating in a research note on Friday, October 25th. Zacks Investment Research lowered shares of Senior Housing Properties Trust from a buy rating to a hold rating in a research note on Wednesday, November 6th. Bank of America started coverage on shares of Senior Housing Properties Trust in a research note on Monday, October 14th. They issued an underperform rating on the stock. Finally, Morgan Stanley started coverage on shares of Senior Housing Properties Trust in a research note on Friday, September 6th. They issued an equal weight rating and a $8.50 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $12.85.

Shares of NASDAQ:SNH traded down $0.44 during trading on Thursday, reaching $7.89. The stock had a trading volume of 122,076 shares, compared to its average volume of 2,351,328. The firm’s fifty day moving average is $9.35 and its 200 day moving average is $8.59. 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 has a 52 week low of $7.49 and a 52 week high of $16.47. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 4.96, a P/E/G ratio of 1.86 and a beta of 0.60.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.27. Senior Housing Properties Trust had a negative net margin of 7.31% and a negative return on equity of 4.45%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $256.11 million. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, research analysts forecast that Senior Housing Properties Trust will post 1.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.60%. The ex-dividend date is Friday, October 25th. Senior Housing Properties Trust’s dividend payout ratio is presently 37.74%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. AGF Investments LLC lifted its stake in shares of 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 buying an additional 1,370 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Senior Housing Properties Trust in the second quarter valued at $33,000. Parallel Advisors LLC lifted its stake in shares of Senior Housing Properties Trust by 118.8% in the third quarter. Parallel Advisors LLC now owns 3,790 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 2,058 shares in the last quarter. Cedar Wealth Management LLC lifted its stake in shares of 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 buying an additional 2,000 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Senior Housing Properties Trust by 895.2% in the third quarter. Flagship Harbor Advisors LLC now owns 5,225 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 4,700 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

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