New Senior Investment Group (SNR) Announces Quarterly Earnings Results, Misses Expectations By $0.30 EPS

New Senior Investment Group (NYSE:SNR) issued its earnings results on Thursday. The real estate investment trust reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30), MarketWatch Earnings reports. The company had revenue of $108.85 million for the quarter. New Senior Investment Group had a net margin of 2.02% and a return on equity of 1.75%. During the same period in the previous year, the company earned $0.29 EPS.

New Senior Investment Group traded up $0.25, hitting $6.41, on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 915,100 shares, compared to its average volume of 741,306. New Senior Investment Group has a 52-week low of $6.10 and a 52-week high of $9.64. The company has a debt-to-equity ratio of 4.04, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market cap of $589.83 million, a P/E ratio of 5.62 and a beta of 0.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 8.11%. The ex-dividend date is Thursday, September 6th. New Senior Investment Group’s dividend payout ratio (DPR) is currently 91.23%.

SNR has been the subject of several analyst reports. Zacks Investment Research cut New Senior Investment Group from a “hold” rating to a “strong sell” rating in a report on Thursday, April 26th. Stifel Nicolaus restated a “hold” rating on shares of New Senior Investment Group in a report on Monday, May 21st. Morgan Stanley dropped their target price on New Senior Investment Group from $8.00 to $7.30 and set an “underweight” rating for the company in a report on Wednesday, May 30th. Finally, ValuEngine cut New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, June 8th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $8.85.

About New Senior Investment Group

New Senior Investment Group (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 March 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Earnings History for New Senior Investment Group (NYSE:SNR)

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