Senior Housing Properties Trust (SNH) Downgraded by ValuEngine to Strong Sell

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ValuEngine downgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sell rating to a strong sell rating in a report released on Friday.

Other analysts have also issued research reports about the company. BidaskClub lowered Senior Housing Properties Trust from a buy rating to a hold rating in a report on Saturday, August 11th. Morgan Stanley lowered Senior Housing Properties Trust from an equal weight rating to an underweight rating and cut their price target for the company from $17.00 to $15.00 in a report on Monday, October 29th. Zacks Investment Research lowered Senior Housing Properties Trust from a hold rating to a sell rating in a report on Wednesday, October 10th. B. Riley boosted their price target on Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a buy rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a hold rating on shares of Senior Housing Properties Trust in a report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Senior Housing Properties Trust has an average rating of Hold and a consensus target price of $18.00.

Shares of SNH traded down $0.72 during trading hours on Friday, hitting $14.11. The stock had a trading volume of 4,379,831 shares, compared to its average volume of 1,597,384. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.49 and a quick ratio of 4.49. Senior Housing Properties Trust has a 12 month low of $14.04 and a 12 month high of $19.98. The firm has a market capitalization of $3.63 billion, a P/E ratio of 8.93, a PEG ratio of 2.50 and a beta of 0.45.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The firm had revenue of $279.00 million during the quarter, compared to the consensus estimate of $279.10 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Analysts expect that Senior Housing Properties Trust will post 1.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, October 29th were given a $0.39 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.56 annualized dividend and a dividend yield of 11.06%. Senior Housing Properties Trust’s payout ratio is 98.73%.

Several institutional investors have recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of Senior Housing Properties Trust by 27.4% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 277,822 shares of the real estate investment trust’s stock valued at $4,879,000 after acquiring an additional 59,800 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Senior Housing Properties Trust by 13.4% in the third quarter. AQR Capital Management LLC now owns 138,309 shares of the real estate investment trust’s stock valued at $2,429,000 after acquiring an additional 16,299 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Senior Housing Properties Trust by 14.6% in the third quarter. Macquarie Group Ltd. now owns 216,800 shares of the real estate investment trust’s stock valued at $3,807,000 after acquiring an additional 27,600 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Senior Housing Properties Trust in the third quarter valued at about $8,146,000. Finally, Verition Fund Management LLC lifted its position in shares of Senior Housing Properties Trust by 9.0% in the third quarter. Verition Fund Management LLC now owns 44,076 shares of the real estate investment trust’s stock valued at $774,000 after acquiring an additional 3,633 shares in the last quarter. Institutional investors and hedge funds own 73.61% 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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