New Senior Investment Group Inc (SNR) Given Average Recommendation of “Hold” by Analysts

Shares of New Senior Investment Group Inc (NYSE:SNR) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.19.

Several brokerages have recently weighed in on SNR. Zacks Investment Research upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Friday. Morgan Stanley dropped their price target on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, December 14th.

Several institutional investors have recently modified their holdings of the company. Institutional & Family Asset Management LLC purchased a new position in shares of New Senior Investment Group during the 3rd quarter worth $102,000. California Public Employees Retirement System lifted its stake in shares of New Senior Investment Group by 9.4% during the 3rd quarter. California Public Employees Retirement System now owns 202,341 shares of the real estate investment trust’s stock valued at $1,851,000 after buying an additional 17,442 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of New Senior Investment Group during the 3rd quarter valued at $105,000. Allianz Asset Management GmbH lifted its stake in shares of New Senior Investment Group by 152.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 269,767 shares of the real estate investment trust’s stock valued at $2,468,000 after buying an additional 163,055 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of New Senior Investment Group by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,176,883 shares of the real estate investment trust’s stock valued at $10,769,000 after buying an additional 56,372 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

New Senior Investment Group (NYSE SNR) opened at $7.56 on Monday. The firm has a market cap of $621.05, a price-to-earnings ratio of -26.07 and a beta of 0.82. New Senior Investment Group has a one year low of $7.44 and a one year high of $10.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.82 and a current ratio of 1.82.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 13.76%. The ex-dividend date of this dividend was Thursday, December 7th. New Senior Investment Group’s dividend payout ratio is presently -358.62%.

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About New Senior Investment Group

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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