Senior Housing Properties Trust (NASDAQ:SNH) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

SNH has been the topic of several other reports. Zacks Investment Research lowered Senior Housing Properties Trust from a buy rating to a hold rating in a report on Wednesday. Morgan Stanley assumed coverage on Senior Housing Properties Trust in a report on Friday, September 6th. They issued an equal weight rating and a $8.50 price objective on the stock. Bank of America assumed coverage on Senior Housing Properties Trust in a report on Monday, October 14th. They issued an underperform rating on the stock. Finally, BidaskClub raised Senior Housing Properties Trust from a hold rating to a buy rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Senior Housing Properties Trust has a consensus rating of Hold and a consensus price target of $12.85.

Senior Housing Properties Trust stock traded up $0.10 during midday trading on Thursday, reaching $8.33. The company’s stock had a trading volume of 2,041,700 shares, compared to its average volume of 2,351,328. The stock has a market capitalization of $2.34 billion, a P/E ratio of 5.24, a PEG ratio of 1.86 and a beta of 0.60. Senior Housing Properties Trust has a 52-week low of $7.49 and a 52-week high of $16.47. The stock’s 50-day simple moving average is $9.35 and its 200-day simple moving average is $8.59. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.41 and a quick ratio of 2.41.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $256.11 million. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. Senior Housing Properties Trust’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. As a group, equities research analysts expect that Senior Housing Properties Trust will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Friday, October 25th. Senior Housing Properties Trust’s payout ratio is currently 37.74%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. AGF Investments LLC lifted its position in shares of Senior Housing Properties Trust by 80.8% in the second quarter. AGF Investments LLC now owns 3,066 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,370 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Senior Housing Properties Trust in the second quarter valued at approximately $33,000. Parallel Advisors LLC lifted its position in shares of Senior Housing Properties Trust by 118.8% in the third quarter. Parallel Advisors LLC now owns 3,790 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 2,058 shares in the last quarter. Cedar Wealth Management LLC lifted its position in Senior Housing Properties Trust by 70.0% during the second quarter. Cedar Wealth Management LLC now owns 4,857 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 2,000 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in Senior Housing Properties Trust by 895.2% during the third quarter. Flagship Harbor Advisors LLC now owns 5,225 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 4,700 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors.

Senior Housing Properties Trust Company Profile

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.

See Also: Are analyst ratings accurate?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.