Senior Housing Properties Trust (SNH) Stake Boosted by Arizona State Retirement System

Arizona State Retirement System grew its stake in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,739 shares of the real estate investment trust’s stock after acquiring an additional 3,758 shares during the quarter. Arizona State Retirement System owned about 0.07% of Senior Housing Properties Trust worth $2,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SNH. BlackRock Inc. increased its holdings in shares of Senior Housing Properties Trust by 15.1% during the second quarter. BlackRock Inc. now owns 27,030,549 shares of the real estate investment trust’s stock valued at $488,982,000 after acquiring an additional 3,546,467 shares in the last quarter. Millennium Management LLC boosted its position in Senior Housing Properties Trust by 150.0% in the second quarter. Millennium Management LLC now owns 1,072,726 shares of the real estate investment trust’s stock valued at $19,406,000 after buying an additional 643,717 shares during the last quarter. Northern Trust Corp boosted its position in Senior Housing Properties Trust by 19.3% in the second quarter. Northern Trust Corp now owns 3,826,166 shares of the real estate investment trust’s stock valued at $69,215,000 after buying an additional 619,650 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Senior Housing Properties Trust in the second quarter valued at approximately $11,007,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Senior Housing Properties Trust by 42.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,938,131 shares of the real estate investment trust’s stock valued at $34,035,000 after buying an additional 572,782 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Shares of NASDAQ SNH opened at $16.27 on Friday. The company has a market capitalization of $3.77 billion, a P/E ratio of 10.30, a PEG ratio of 2.57 and a beta of 0.45. Senior Housing Properties Trust has a 52 week low of $14.86 and a 52 week high of $19.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 5.36 and a current ratio of 4.49.

Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The company had revenue of $279.00 million during the quarter, compared to analysts’ expectations of $279.10 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts predict that Senior Housing Properties Trust will post 1.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $1.56 annualized dividend and a yield of 9.59%. Senior Housing Properties Trust’s dividend payout ratio is presently 98.73%.

A number of brokerages recently commented on SNH. BidaskClub lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Senior Housing Properties Trust in a research report on Friday, July 20th. Zacks Investment Research upgraded Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, August 2nd. ValuEngine lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, B. Riley upped their target price on Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.29.

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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.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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