BidaskClub Upgrades Senior Housing Properties Trust (NASDAQ:SNH) to Sell

Senior Housing Properties Trust (NASDAQ:SNH) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, BidAskClub reports.

A number of other research firms have also recently weighed in on SNH. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. ValuEngine upgraded shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.40.

SNH stock traded up $0.14 during mid-day trading on Thursday, reaching $8.96. 2,225,127 shares of the stock traded hands, compared to its average volume of 1,958,694. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.55 and a quick ratio of 1.55. Senior Housing Properties Trust has a one year low of $7.49 and a one year high of $19.17. The firm has a market cap of $2.00 billion, a PE ratio of 5.64, a PEG ratio of 1.56 and a beta of 0.65. The company has a 50-day simple moving average of $8.33.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.27. Senior Housing Properties Trust had a net margin of 7.31% and a return on equity of 0.59%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $256.11 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SNH. AGF Investments LLC lifted its stake 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 worth $25,000 after acquiring an additional 1,370 shares during the period. Nordea Investment Management AB purchased a new stake in Senior Housing Properties Trust in the fourth quarter worth about $26,000. DekaBank Deutsche Girozentrale purchased a new stake in Senior Housing Properties Trust in the second quarter worth about $33,000. Cedar Wealth Management LLC lifted its stake 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 worth $40,000 after acquiring an additional 2,000 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Senior Housing Properties Trust in the second quarter worth about $51,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

About Senior Housing Properties Trust

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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