Morgan Stanley Downgrades Senior Housing Properties Trust (SNH) to Underweight

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Senior Housing Properties Trust (NASDAQ:SNH) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $15.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $17.00. Morgan Stanley’s target price suggests a potential downside of 8.14% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Zacks Investment Research cut shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. BidaskClub cut shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. B. Riley boosted their price target on shares of Senior Housing Properties Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Senior Housing Properties Trust in a research note on Friday, July 20th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Senior Housing Properties Trust has an average rating of “Hold” and a consensus target price of $18.29.

SNH stock opened at $16.33 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 5.36 and a quick ratio of 5.36. Senior Housing Properties Trust has a one year low of $14.86 and a one year high of $19.98. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 2.66 and a beta of 0.45.

Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.38. Senior Housing Properties Trust had a net margin of 41.79% and a return on equity of 13.68%. The business had revenue of $277.25 million during the quarter, compared to analysts’ expectations of $277.31 million. During the same quarter in the previous year, the company earned $0.07 EPS. As a group, equities research analysts forecast that Senior Housing Properties Trust will post 1.62 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of Senior Housing Properties Trust by 33.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 204,300 shares of the real estate investment trust’s stock valued at $3,696,000 after purchasing an additional 51,500 shares in the last quarter. Capital Fund Management S.A. boosted its stake in shares of Senior Housing Properties Trust by 3.5% in the 2nd quarter. Capital Fund Management S.A. now owns 84,893 shares of the real estate investment trust’s stock valued at $1,536,000 after purchasing an additional 2,900 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Senior Housing Properties Trust in the 2nd quarter valued at $923,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Senior Housing Properties Trust in the 2nd quarter valued at $11,007,000. Finally, OppenheimerFunds Inc. boosted its stake in shares of Senior Housing Properties Trust by 4.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 126,034 shares of the real estate investment trust’s stock valued at $2,280,000 after purchasing an additional 5,160 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

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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