Senior Housing Properties Trust (NASDAQ:SNH) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “

Several other research firms have also issued reports on SNH. Bank of America initiated coverage on shares of Senior Housing Properties Trust in a research report on Monday, October 14th. They set an underperform rating on the stock. ValuEngine lowered shares of Senior Housing Properties Trust from a buy rating to a hold rating in a research report on Thursday, November 7th. 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. Finally, BidaskClub lowered shares of Senior Housing Properties Trust from a hold rating to a sell rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $12.85.

NASDAQ SNH opened at $7.32 on Thursday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.41 and a beta of 0.60. The firm’s 50 day simple moving average is $8.74 and its 200 day simple moving average is $8.53. Senior Housing Properties Trust has a 1 year low of $7.22 and a 1 year high of $14.31.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 8.20%. Senior Housing Properties Trust’s dividend payout ratio is currently 37.74%.

A number of institutional investors have recently modified their holdings of SNH. BlackRock Inc. lifted its holdings in shares of Senior Housing Properties Trust by 8.7% during the second quarter. BlackRock Inc. now owns 30,943,730 shares of the real estate investment trust’s stock worth $255,906,000 after purchasing an additional 2,467,902 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Senior Housing Properties Trust during the second quarter worth $15,341,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Senior Housing Properties Trust by 59.8% during the second quarter. Parametric Portfolio Associates LLC now owns 2,159,190 shares of the real estate investment trust’s stock worth $17,857,000 after purchasing an additional 807,840 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Senior Housing Properties Trust by 21.8% during the second quarter. Prudential Financial Inc. now owns 4,260,516 shares of the real estate investment trust’s stock worth $35,235,000 after purchasing an additional 761,872 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Senior Housing Properties Trust by 16.9% during the second quarter. Bank of New York Mellon Corp now owns 4,963,444 shares of the real estate investment trust’s stock worth $41,048,000 after purchasing an additional 717,738 shares during the period. Hedge funds and other institutional investors own 72.99% of the company’s stock.

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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