Senior Housing Properties Trust (NASDAQ:SNH) Receives $12.85 Average PT from Brokerages

Senior Housing Properties Trust (NASDAQ:SNH) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.85.

A number of research firms have commented on SNH. Zacks Investment Research raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Saturday, August 17th. Morgan Stanley began coverage on shares of Senior Housing Properties Trust in a research report on Friday, September 6th. They issued an “equal weight” rating and a $8.50 target price on the stock. ValuEngine upgraded shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, BidaskClub downgraded shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd.

Large investors have recently bought and sold shares of the stock. AGF Investments LLC boosted its stake in shares of Senior Housing Properties Trust by 80.8% during the 2nd 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 during the period. World Asset Management Inc increased its position in Senior Housing Properties Trust by 9.2% during the second quarter. World Asset Management Inc now owns 16,506 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 1,387 shares during the last quarter. Commerce Bank raised its holdings in Senior Housing Properties Trust by 13.3% during the second quarter. Commerce Bank now owns 12,984 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,527 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Senior Housing Properties Trust by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 96,603 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 1,711 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Senior Housing Properties Trust by 1.1% during the second quarter. Arizona State Retirement System now owns 172,539 shares of the real estate investment trust’s stock valued at $1,427,000 after buying an additional 1,834 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SNH traded up $0.01 during mid-day trading on Friday, reaching $8.93. The company had a trading volume of 94,208 shares, compared to its average volume of 1,281,592. The company has a 50-day moving average price of $8.54 and a two-hundred day moving average price of $9.12. The stock has a market cap of $2.15 billion, a PE ratio of 5.62, a P/E/G ratio of 1.69 and a beta of 0.62. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.24. Senior Housing Properties Trust has a 1-year low of $7.49 and a 1-year high of $19.15.

Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings results 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. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $256.11 million. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. Senior Housing Properties Trust’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, research analysts expect that Senior Housing Properties Trust will post 1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.72%. Senior Housing Properties Trust’s dividend payout ratio is 37.74%.

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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