Morgan Stanley Raises New Senior Investment Group (NYSE:SNR) Price Target to $6.25

New Senior Investment Group (NYSE:SNR) had its target price increased by Morgan Stanley from $5.25 to $6.25 in a research report sent to investors on Tuesday, AnalystRatings.com reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the company. ValuEngine cut New Senior Investment Group from a buy rating to a hold rating in a research report on Thursday, August 1st. Robert W. Baird began coverage on New Senior Investment Group in a research report on Friday, May 31st. They set a neutral rating and a $7.00 price target on the stock. BTIG Research began coverage on New Senior Investment Group in a research report on Tuesday, July 16th. They set a buy rating and a $8.00 price target on the stock. Finally, Zacks Investment Research upgraded New Senior Investment Group from a sell rating to a hold rating in a research report on Saturday, August 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $7.08.

Shares of New Senior Investment Group stock opened at $6.51 on Tuesday. The business’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $6.18. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $550.30 million, a P/E ratio of 11.61 and a beta of 0.76. New Senior Investment Group has a 1-year low of $4.04 and a 1-year high of $7.26.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Thursday, September 5th. New Senior Investment Group’s dividend payout ratio (DPR) is presently 91.23%.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of New Senior Investment Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,518,641 shares of the real estate investment trust’s stock valued at $84,125,000 after purchasing an additional 940,002 shares during the period. BlackRock Inc. increased its position in shares of New Senior Investment Group by 2.5% during the 2nd quarter. BlackRock Inc. now owns 6,481,595 shares of the real estate investment trust’s stock valued at $43,556,000 after purchasing an additional 157,726 shares during the period. Renaissance Technologies LLC increased its position in shares of New Senior Investment Group by 3.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,332,786 shares of the real estate investment trust’s stock valued at $42,556,000 after purchasing an additional 189,100 shares during the period. JPMorgan Chase & Co. increased its position in shares of New Senior Investment Group by 7.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,946,340 shares of the real estate investment trust’s stock valued at $13,158,000 after purchasing an additional 135,354 shares during the period. Finally, Heitman Real Estate Securities LLC acquired a new position in shares of New Senior Investment Group in the 2nd quarter worth $11,200,000. Institutional investors own 74.19% of the company’s stock.

About New Senior Investment Group

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

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