Senior Housing Properties Trust (SNH) Holdings Trimmed by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,579 shares of the real estate investment trust’s stock after selling 132,984 shares during the period. Wells Fargo & Company MN’s holdings in Senior Housing Properties Trust were worth $16,411,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in Senior Housing Properties Trust during the 2nd quarter valued at $450,000. BNP Paribas Arbitrage SA increased its holdings in Senior Housing Properties Trust by 34.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 135,923 shares of the real estate investment trust’s stock valued at $2,459,000 after purchasing an additional 34,734 shares in the last quarter. Aperio Group LLC increased its holdings in Senior Housing Properties Trust by 50.2% during the 2nd quarter. Aperio Group LLC now owns 186,083 shares of the real estate investment trust’s stock valued at $3,366,000 after purchasing an additional 62,171 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Senior Housing Properties Trust by 11.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,375 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 4,440 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Senior Housing Properties Trust during the 2nd quarter valued at $197,000. Institutional investors and hedge funds own 72.87% of the company’s stock.

SNH stock opened at $13.72 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 4.49 and a current ratio of 4.49. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. Senior Housing Properties Trust has a 1-year low of $13.06 and a 1-year high of $19.98.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The business had revenue of $279.00 million for the quarter, compared to the consensus estimate of $279.10 million. Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts predict that Senior Housing Properties Trust will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date was Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio is currently 98.73%.

SNH has been the subject of a number of recent analyst reports. B. Riley raised their price target on Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. BidaskClub raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. ValuEngine raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Zacks Investment Research lowered Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Senior Housing Properties Trust has a consensus rating of “Hold” and a consensus target price of $18.00.

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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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Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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