B. Riley Reiterates “Buy” Rating for Senior Housing Properties Trust (NASDAQ:SNH)

Senior Housing Properties Trust (NASDAQ:SNH)‘s stock had its “buy” rating restated by stock analysts at B. Riley in a research report issued to clients and investors on Monday, November 13th. They currently have a $24.00 price objective on the real estate investment trust’s stock. B. Riley’s price target indicates a potential upside of 23.78% from the company’s previous close. B. Riley also issued estimates for Senior Housing Properties Trust’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.71 EPS, Q1 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $1.97 EPS.

SNH has been the topic of a number of other reports. ValuEngine downgraded shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of Senior Housing Properties Trust in a report on Wednesday, September 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $20.00 price objective on shares of Senior Housing Properties Trust in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Senior Housing Properties Trust currently has a consensus rating of “Hold” and an average target price of $21.31.

Senior Housing Properties Trust (SNH) traded up $0.24 during trading hours on Monday, hitting $19.39. 1,010,000 shares of the stock were exchanged, compared to its average volume of 1,021,404. The firm has a market capitalization of $4,550.62, a price-to-earnings ratio of 10.41, a P/E/G ratio of 3.44 and a beta of 0.47. Senior Housing Properties Trust has a 1 year low of $17.14 and a 1 year high of $22.52. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.33 and a quick ratio of 1.33.

Senior Housing Properties Trust (NASDAQ:SNH) last released its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The business had revenue of $266.68 million during the quarter, compared to analyst estimates of $266.23 million. Senior Housing Properties Trust had a return on equity of 3.79% and a net margin of 11.72%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. equities research analysts forecast that Senior Housing Properties Trust will post 1.78 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of SNH. Cetera Advisors LLC lifted its stake in shares of Senior Housing Properties Trust by 30.8% in the third quarter. Cetera Advisors LLC now owns 13,047 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 3,070 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Senior Housing Properties Trust in the third quarter worth about $436,000. Lido Advisors LLC lifted its stake in shares of Senior Housing Properties Trust by 214.8% in the third quarter. Lido Advisors LLC now owns 47,629 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 32,500 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Senior Housing Properties Trust in the third quarter worth about $1,063,000. Finally, Eii Capital Management Inc. purchased a new position in shares of Senior Housing Properties Trust in the third quarter worth about $1,156,000. 73.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Senior Housing Properties Trust

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.

Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

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