Landscape Capital Management L.L.C. Acquires Shares of 26,147 New Senior Investment Group Inc (SNR)

Landscape Capital Management L.L.C. acquired a new stake in shares of New Senior Investment Group Inc (NYSE:SNR) during the fourth quarter, Holdings Channel reports. The firm acquired 26,147 shares of the real estate investment trust’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SNR. LSV Asset Management raised its stake in shares of New Senior Investment Group by 13.5% during the fourth quarter. LSV Asset Management now owns 2,247,691 shares of the real estate investment trust’s stock valued at $16,992,000 after purchasing an additional 267,700 shares in the last quarter. BlackRock Inc. raised its stake in shares of New Senior Investment Group by 3.0% during the fourth quarter. BlackRock Inc. now owns 7,376,465 shares of the real estate investment trust’s stock valued at $55,766,000 after purchasing an additional 217,101 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of New Senior Investment Group by 67.3% during the third quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after purchasing an additional 214,230 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of New Senior Investment Group by 152.8% during the third quarter. Allianz Asset Management GmbH now owns 269,767 shares of the real estate investment trust’s stock valued at $2,468,000 after purchasing an additional 163,055 shares in the last quarter. Finally, Rational Advisors LLC raised its stake in shares of New Senior Investment Group by 106.5% during the fourth quarter. Rational Advisors LLC now owns 298,730 shares of the real estate investment trust’s stock valued at $2,259,000 after purchasing an additional 154,100 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Shares of New Senior Investment Group Inc (NYSE:SNR) opened at $8.00 on Wednesday. The company has a debt-to-equity ratio of 3.77, a current ratio of 3.03 and a quick ratio of 3.03. New Senior Investment Group Inc has a 1 year low of $6.77 and a 1 year high of $10.82. The company has a market cap of $658.02, a PE ratio of 47.06 and a beta of 0.66.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. New Senior Investment Group had a net margin of 2.72% and a return on equity of 2.35%. The firm had revenue of $106.90 million for the quarter, compared to analysts’ expectations of $106.00 million. During the same period in the previous year, the business earned $0.32 earnings per share. New Senior Investment Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. equities analysts anticipate that New Senior Investment Group Inc will post 1.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.04 annualized dividend and a yield of 13.00%. New Senior Investment Group’s payout ratio is presently 611.76%.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine cut shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, 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 report on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.00.

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New Senior Investment Group Company Profile

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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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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