New Senior Investment Group (NYSE:SNR) Raised to “Buy” at ValuEngine

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ValuEngine upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

Other analysts also recently issued research reports about the stock. Robert W. Baird initiated coverage on shares of New Senior Investment Group in a research report on Friday, May 31st. They issued a neutral rating and a $7.00 price target for the company. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the company a buy rating in a research report on Thursday, March 28th.

Shares of NYSE:SNR opened at $6.87 on Thursday. The stock has a market cap of $577.75 million, a P/E ratio of 12.05 and a beta of 0.72. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 7.22. New Senior Investment Group has a twelve month low of $4.04 and a twelve month high of $7.62. The business’s 50 day moving average is $6.68.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $117.62 million during the quarter. New Senior Investment Group had a negative net margin of 33.97% and a negative return on equity of 47.15%. As a group, equities research analysts expect that New Senior Investment Group will post 0.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.13 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.52 annualized dividend and a yield of 7.57%. New Senior Investment Group’s dividend payout ratio (DPR) is 91.23%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cutler Group LP lifted its holdings in New Senior Investment Group by 92.0% during the 1st quarter. Cutler Group LP now owns 6,677 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,200 shares during the last quarter. Two Sigma Securities LLC bought a new position in New Senior Investment Group during the 4th quarter worth $54,000. Great West Life Assurance Co. Can increased its stake in New Senior Investment Group by 14.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 15,836 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,953 shares during the period. Pensionmark Financial Group LLC bought a new position in New Senior Investment Group during the 4th quarter worth $72,000. Finally, Evergreen Capital Management LLC bought a new position in New Senior Investment Group during the 1st quarter worth $75,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

About New Senior Investment Group

New Senior Investment Group Inc (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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