Senior Housing Properties Trust (SNH) Expected to Announce Quarterly Sales of $280.36 Million

Equities research analysts forecast that Senior Housing Properties Trust (NASDAQ:SNH) will announce sales of $280.36 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Senior Housing Properties Trust’s earnings. The highest sales estimate is $281.95 million and the lowest is $278.90 million. Senior Housing Properties Trust reported sales of $266.68 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 6th.

On average, analysts expect that Senior Housing Properties Trust will report full year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.17 billion. For the next financial year, analysts anticipate that the company will report sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.17 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.38. Senior Housing Properties Trust had a return on equity of 13.68% and a net margin of 41.79%. The business had revenue of $277.25 million during the quarter, compared to the consensus estimate of $277.31 million. During the same quarter last year, the firm posted $0.07 EPS.

A number of brokerages recently commented on SNH. Zacks Investment Research cut Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. BidaskClub upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine cut Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, B. Riley lifted their target price on Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Senior Housing Properties Trust presently has an average rating of “Hold” and an average price target of $18.83.

Shares of SNH traded up $0.01 during midday trading on Tuesday, reaching $16.87. 12,397 shares of the stock were exchanged, compared to its average volume of 1,401,247. Senior Housing Properties Trust has a twelve month low of $14.86 and a twelve month high of $19.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market capitalization of $3.99 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.72 and a beta of 0.44.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.25%. The ex-dividend date is Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is currently 98.73%.

Large investors have recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of Senior Housing Properties Trust during the third quarter worth about $126,000. Cornerstone Wealth Management LLC acquired a new position in shares of Senior Housing Properties Trust in the second quarter worth approximately $450,000. Qube Research & Technologies Ltd acquired a new position in shares of Senior Housing Properties Trust in the second quarter worth approximately $184,000. CIBC Asset Management Inc acquired a new position in shares of Senior Housing Properties Trust in the second quarter worth approximately $185,000. Finally, United Capital Financial Advisers LLC acquired a new position in shares of Senior Housing Properties Trust in the first quarter worth approximately $163,000. Institutional investors own 73.27% of the company’s stock.

About Senior Housing Properties Trust

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

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