Senior Housing Properties Trust (SNH) Given a $23.00 Price Target by B. Riley Analysts

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Senior Housing Properties Trust (NASDAQ:SNH) has been given a $23.00 price target by equities researchers at B. Riley in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would indicate a potential upside of 44.56% from the stock’s current price.

SNH has been the subject of several other reports. BidaskClub downgraded shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Senior Housing Properties Trust in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, August 2nd. Finally, ValuEngine downgraded shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Senior Housing Properties Trust currently has an average rating of “Hold” and an average target price of $18.29.

SNH opened at $15.91 on Tuesday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 1.07. Senior Housing Properties Trust has a 52-week low of $14.86 and a 52-week high of $19.98. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 2.58 and a beta of 0.45.

Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Senior Housing Properties Trust had a return on equity of 13.68% and a net margin of 41.79%. The business had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $279.10 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Senior Housing Properties Trust’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that Senior Housing Properties Trust will post 1.62 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SNH. BlackRock Inc. raised its holdings in Senior Housing Properties Trust by 15.1% in 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 raised its holdings 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 acquiring an additional 643,717 shares in the last quarter. Northern Trust Corp raised its holdings 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 acquiring an additional 619,650 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Senior Housing Properties Trust in the second quarter valued at $11,007,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings 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 acquiring an additional 572,782 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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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